Oman’s tax authority has warned taxpayers to submit their VAT returns on time – or face a penalty. “Tax Authority would like to draw the attention of the taxpayers who have not submitted the VAT return for the tax period
The UK government has issued new guidance on extending Making Tax Digital (MTD) to all VAT registered businesses. From 1 April 2022, VAT registered businesses that are not already obliged to operate MTD must comply with MTD rules. In order
Israel is extending the deadline for VAT returns due in September. Taxpayers submitting bimonthly July-August returns, or monthly August returns, would normally have to submit their VAT returns in September. The Israel Tax Authority has extended the deadline until 5
The UK hospitality sector VAT rate will increase on 1 October 2021. Currently, the VAT rate on food, accommodation and admission to certain events is set at a reduced rate of 5%. However, while the rate will increase at the
Businesses registered for VAT in Norway need to ensure they have appropriate digital processes in place before the new year begins. Norway is replacing manual VAT returns with electronic VAT returns from 1 January 2022. Businesses will manage Norway’s new
Vatglobal’s smart VAT compliance technology automatically error-checks your supporting documentation and eliminates the human error that’s all but inevitable in manual VAT processing. It’s not just more efficient. As the UAE’s new VAT penalties demonstrate, errors on your VAT submission
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