Bolivia is proceeding with mandatory e-invoicing for certain businesses. The country’s authorities had halted their plan to introduce e-invoicing due to the disruption of the Covid pandemic. At the time, Bolivia’s tax authority did specify a date at which e-invoicing
The UK government has issued updated guidance on the Rules of Origin (RoO) criteria that apply to exports from the UK to the EU. RoO are a set of trade rules. Under specified circumstances, the rules allow for zero tariffs
New Zealand’s tax authorities are looking to collect transaction data at a much larger scale. Inland Revenue already collects datasets on transactions facilitated by payment providers. However, as electronic payments are now the main way businesses make sales, authorities say
A number of federal states in Germany have extended the deadline for submitting annual VAT returns. The extension comes in the wake of devastating flooding that recently affected the west of Germany. In a number of states, the deadline for
Canada has launched consultations on border carbon adjustments, exploring carbon taxes on imported goods. The prospect of applying carbon taxes to goods produced outside of Canada raises two interesting themes. Firstly, the move is further evidence that lawmakers are increasing
Oman’s tax authorities have authorised the use of simplified VAT invoices for supplies under OMR 500. In order to take advantage of simplified invoicing, VAT-registered businesses must notify the Sultanate of Oman Tax Authority using the supplied document. Oman’s new
Ireland Finance Minister Paschal Donohoe has reminded Irish businesses that the tax debt warehousing scheme has been extended. Tax debt warehousing enables taxpayers to ‘park’ their tax debt for a specified period of time. At the same time, Donohoe reiterated
Saudi Arabia is imposing mandatory e-invoicing from 4 December 2021. Companies operating in Saudi Arabia will have to prepare XML invoices and clear them through the tax authority’s digital system. To help businesses prepare for the new requirements, Saudi authorities
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
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