Before the internet, VAT laws were designed for domestic sales, but the digital economy’s rise has challenged these traditional rules. To address this, governments are mandating remote vendors to register for, collect, and remit VAT on digital sales. Over 110 jurisdictions have implemented these rules, with more in the process. Phase 1 introduced the rules, while Phase 2 focuses on enforcing them. This shift is due to the belief that taxpayers now understand the rules, and noncompliance may be deliberate or criminal.
Source The Tax Advisor
Join the Linkedin Group on VAT/GST and E-Commerce HERE
Latest Posts in "World"
- E-invoicing, VAT compliance, fiscalization & technology newsletter week 2026-15
- Why Real-Time Tax Engines Fail High-Volume, Low-AOV Businesses and Hurt Unit Economics
- Ensure Seamless Invoice Automation During SAP Cloud ERP Migration with Basware Connector
- VAT Concepts Explained: News Items & Podcasts Covering the VAT Topics That Matter Most (WIP)
- VAT Concepts Explained: When Inventory Crosses a Border: Call-Off Stock, Consignment Stock, and Inventory in Motion
