Skip links

Blog

MTD makes VAT compliance easier, if you use the right technology
MTD makes VAT compliance easier, if you use the right technology

MTD makes VAT compliance easier, if you use the right technology

The UK’s Making Tax Digital programme came into effect in 2019. MTD mandates that firms must keep digital records and submit their VAT returns electronically. The UK government has since implemented the more extensive MTD Phase 2. MTD2 has more rigorous digital compliance requirements. (You can read more about how MTD affects your business in […]

Australia to implement obligatory reporting for sharing economy platforms
Australia to implement obligatory reporting for sharing economy platforms

Australia to implement obligatory reporting for sharing economy platforms

Australia wants to make the sharing economy more accountable. Under new rules,  platforms must report all sharing economy transactions  to the Australian Taxation Office. According to exposure drafts (for public comment) of Australia’s proposed new legislation, electronic platforms will have to report details about transactions made via their platforms to the ATO. The mooted rules […]

EU aims to end cryptocurrency anonymity
EU aims to end cryptocurrency anonymity

EU aims to end cryptocurrency anonymity

The European Commission wants to enact regulations that end cryptocurrency anonymity and make transfers of cryptoassets more traceable by authorities. Proposed legislation would require companies that facilitate the transfer of cryptocurrencies, such as Bitcoin or Ethereum, to collect the details of both sender and recipient.  According to the Commission, the rules – which already apply […]

Malaysia provides extension on outstanding SST payments
Malaysia provides extension on outstanding SST payments

Malaysia provides extension on outstanding SST payments

Malaysia’s tax authorities have extended the deadline for taxpayers who cannot meet their SST payment obligations. The extension applies to taxpayers unable to meet their SST obligations for the taxable period April 2021 to  May 2021, due to Malaysia’s Government Movement Control Order (PKP). The PKP refers to a series of restrictions instituted by the […]

Complexity and red tape hampers Bangladesh VAT compliance
Complexity and red tape hampers Bangladesh VAT compliance

Complexity and red tape hampers Bangladesh VAT compliance

Major international businesses failed to submit their VAT returns on time to Bangladesh tax authorities, owing to the complexities of VAT compliance.  According to local reports, two tech giants, Amazon and Google, were among the firms that failed to meet Bangladesh’s VAT submission deadline. According to the reports, the nonresident tech giants don’t have bank […]

Not everyone gets behind green UK VAT initiative, as ministers push back
Not everyone gets behind green UK VAT initiative, as ministers push back

Not everyone gets behind green UK VAT initiative, as ministers push back

Can VAT cuts influence people to act in more environmentally friendly ways? Some influential UK lawmakers think so, suggesting that VAT incentives will lead to greener outcomes. However, not everyone is so certain.  UK Treasury minister Jesse Norman has pushed back against the idea, suggesting that, even with green VAT cuts, less energy-efficient goods may […]

Sign-up to receive our latest Updates

Get a quote