If you’re tasked with building or managing tax solutions, it’s imperative that you understand the basics of what they’re talking about. That’s why we’ve created this (abbreviated, but handy!) guide to terms you’ll be hearing quite a bit if you need to work with your company’s tax team.
- Glossary
- B2B / B2C
- Continuous Transaction Controls (CTC)
- Digital Reporting Requirements (DRR)
- Directive on Administrative Cooperation 7 (DAC7)
- Fiscalization
- Input tax / Output tax
- Marketplace (facilitator) rules
- One-Stop Shop (OSS)
- Reverse charge
- Types of reverse charges
- Tax Authority (TA)
- Tax Identification Number (TIN)
- VAT Information Exchange System (VIES)
- VAT, GST, and Sales Tax
Source: www.fonoa.com
