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Australia to introduce mandatory e-invoicing for government agencies
Australia to introduce mandatory e-invoicing for government agencies

Australia to introduce mandatory e-invoicing for government agencies

Australia is introducing mandatory e-invoicing for government agencies by July 2022. The Australian government says they are consulting on making e-invoicing mandatory across all levels of government and by business.  The e-invoicing initiative is part of a broader digital effort designed to boost the Australian economy. As part of the initiative, the Australian government has […]

Booking.com, tax evasion and the future of digital platforms
Booking.com, tax evasion and the future of digital platforms

Booking.com, tax evasion and the future of digital platforms

Italian tax authorities are investigating travel website Booking.com for widespread tax evasion, according to reports. Genoa police suspect the company has evaded tax to the value of over €150 million. Some reports put the figure as high as €700 million.  News sources say that the company issued invoices for bookings that did not include VAT, […]

Landmark G7 agreement on global minimum corporate tax rate
Landmark G7 agreement on global minimum corporate tax rate

Landmark G7 agreement on global minimum corporate tax rate

G7 finance ministers have reached an agreement on a global minimum corporate tax rate. The agreement aims to set the global rate to 15%.   The policy would have significant implications for how global tech giants are taxed. A global digital services tax has been a highly contentious diplomatic issue recently. Analysts have urged global cooperation […]

Indonesia considers tiered VAT rates
Indonesia considers tiered VAT rates

Indonesia considers tiered VAT rates

Indonesia is considering tiered VAT rates, with different rates for different classes of product. Indonesian authorities are looking to increase revenues amid an economic downturn. Under the proposed system, luxury items would be subject to a higher rate of VAT. The government has also mooted simply raising the overall VAT rate  A fiscal balancing act  […]

How to prepare for Saudi Arabia’s e-invoicing requirements
How to prepare for Saudi Arabia’s e-invoicing requirements

How to prepare for Saudi Arabia’s e-invoicing requirements

Saudi Arabia is introducing mandatory e-invoicing from December 2021. Saudi businesses must have all the required processes in place by 4 December 2021. Businesses must prepare invoices in XML and clear these through the Saudi tax authority’s online portal before the invoices can be issued to customers. What does Saudi e-invoicing compliance look like? To […]

Portugal VAT vouchers to boost tourism
Portugal VAT vouchers to boost tourism

Portugal VAT vouchers to boost tourism

Portugal is introducing a VAT discount programme to boost the tourism sector.  Many countries’ tourism and hospitality sectors took a knock during the Covid pandemic. Portugal, where tourism comprises an important part of the economy, was no exception.  When spending in the hospitality sector, the new IVAucher scheme gives customers the opportunity to either pay […]

A VIP ticket to the EU: Overcome dropshipping obstacles with the IOSS
A VIP ticket to the EU: Overcome dropshipping obstacles with the IOSS

A VIP ticket to the EU: Overcome dropshipping obstacles with the IOSS

The VAT and customs laws in Europe have changed drastically in 2021. Brexit and a new EU VAT package have created complexities that could strangle the traditional e-commerce dropshipping model. Import VAT, customs duties and customs declarations are eroding sellers’ margins and creating problems with fulfilment. Can the new Import One Stop Shop (IOSS) help? […]

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