The EU created the concept of the reverse charge mechanism to make it easier for both sellers and buyers to account for the VAT correctly without requiring foreign VAT registrations or having to go through
Non-resident businesses are sometimes entitled to cross-border VAT recovery on costs incurred in certain jurisdictions. However, the cross-border VAT recovery process is cumbersome and complicated so millions of euros go unclaimed every year. What are
Distance selling is when a non-resident company sells goods to EU consumers via the internet so for any e-commerce businesses, it’s important to understand the distance selling EU VAT threshholds. It’s one of the most
We’ve put together this quick guide to Japanese consumption tax (JCT) on digital services. This will help any foreign businesses that may be providing digital or electronic services to Japanese consumers. Background to Japanese consumption
Amazon reminds European Sellers of German VAT Reduction Following Germany’s slashing of its VAT rates to create consumer ease amidst the Coronavirus pandemic, Amazon issued an advisory to European sellers reminding them to reduce their
It’s a constant question for many financial directors over how best to manage VAT compliance for your business. The “VAT compliance” function of a business is the most important tax process for many companies. Especially
Businesses who provide goods or services in a foreign jurisdiction with a VAT regime must comply with the relevant VAT laws of that country. There are several cases where it will be a legal obligation
Local businesses – defined as having an established entity in a country – must register for VAT if they breach the revenue threshold prescribed by the local tax authorities. This means that most businesses in
Acquiring a company VAT number in New Zealand entails registering for domestic GST. With it’s close proximity to Australia and South East Asia, New Zealand is fast becoming a favourable destination for international business.
If your business has a VAT registration or operations in Spain, then you’ll probably already know how important (and cumbersome) the SII filing system is to understand. If you’re about venture into Spain and need to register for VAT, then the below information provides a foundation of understanding SII.