One of the benefits of attending #VertexExchange23 is the ability to ask real-time questions on the latest #taxtechnology and tax strategies from the industry leading experts. However, did you know that attendees can...
All Technology Posts
AI-driven e-Invoicing: Embracing Disruption and Unleashing Opportunity Amidst Change & Compliance
In a world where digital transformation is no longer a buzzword but a business imperative, e-invoicing stands tall as one of its most potent manifestations. Gone are the days when invoicing was a tedious chore, marred...
Navigating the European E-invoicing Mandates: What’s Ahead in the Coming Years
In the ever-evolving landscape of global commerce, the European Union (EU) continues to take strides towards streamlining processes and embracing digital transformation. One significant avenue through which this...
E-Invoicing & E-Reporting developments in the news in week 38/2023
Global Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union Highlights week 38/2023 France delays mandatory e...
Uniform VAT Registration as Part of the ViDA Package. Entrepreneurs Support this Solution
This year, the final shape of the VAT in Digital Age (ViDA) package is announced, which assumes further improvement of the EU value added tax (VAT) system. The adoption of the package is associated with significant...
ViDA (VAT in Digital Age): Reforming VAT Systems for a Digitalized Europe
The European Union is introducing reforms to its financial landscape with the Value-Added Tax (VAT) in the Digital Age (ViDA) initiative. This is in response to the digital transformations affecting business and trade...
VAT determination: avoiding the domino effect
Accurate value-added tax (VAT) determination is critical for organizations to comply with tax regulations. The challenges in VAT determination include setting tax rules, consolidating data from multiple systems...
Recent VAT developments by Carola van Vilsteren
VAT in the digital age Small business scheme Margin scheme for antiques, works of art and collectibles VAT and virtual events Application of the 9% VAT rate to the cultural sector, accommodation, floriculture and labor...
Preparing for New E-Invoicing and E-Reporting Regulations
Comarch S.A. explains how international companies and taxpayers can prepare for the imminent revolution in data exchange More and more countries are embracing the e-invoicing and e-reporting trend. The upcoming changes...
Update of the API of the National E-invoice environment on 21 September
We inform you about updates in the test environments of the National e-Invoice System On September 21, 2023, from 2:00 p.m. to 4:00 p.m., an API update of the National e-Invoice System is planned in the test environment...
VAT Determination: Avoiding the Domino Effect
Most businesses have experienced many technology-related issues during the implementation of VAT. The introductory article in the MENA Tax Technology series reflects on the common technology-related issues businesses...
Vertex Exchange 2023 – Orlando (October 22-25, 2023)
One of the benefits of attending #VertexExchange23 is the ability to ask real-time questions on the latest #taxtechnology and tax strategies from the industry leading experts. However, did you know that attendees can...
VAT in the Digital Age Proposal: Can DRR Tackle VAT Fraud?
The European Commission has proposed the use of e-invoicing and digital reporting requirements for intra-EU transactions to tackle VAT fraud and prevent market fragmentation. However, this proposal fails to address the...
VAT in the Digital Age: What Impacts for Businesses?
Since the announcement of the introduction of the ViDA reform package on VAT in the digital age, businesses across Europe, including UK economic operators, have expressed a desire to understand what the impact of the...
SARS wants to change VAT collection in South Africa – this is how
The South African Revenue Service (SARS) has published a discussion paper on ways to modernise the VAT collection process.Joon Chong from Webber Wentzel said that VAT is the second-biggest tax revenue for the South...
The dichotomy of digital technology for indirect tax
Digital tax technologies are transforming the way organizations manage indirect tax processes. Robotic process automation, artificial intelligence, and machine learning are being used to improve data accuracy...
US tax authorities take a new step in collaboration between data scientists and tax specialists
The US Internal Revenue Service (IRS) will use artificial intelligence (AI) to tackle tax evasion by large companies. The IRS previously conducted a pilot using self-learning AI two years ago and has now developed a...
Navigating the Complexities of the SaaS Business Model: A Deep Dive
The digital age has created opportunities for businesses, particularly in the SaaS sector, but taxation poses challenges. SaaS businesses are characterized by lean teams, centralized operations, global reach, rapid...
EU VAT in the Digital Age – ECOFIN revists ViDA timetable
ECOFIN reviews ViDA reforms and potential delay: 2025 single VAT registration and platform economy deemed supplier; and 2028 mandatory e-invoicing & digital reporting. Source vatcalc Join the LinkedIn Group on ”VAT...
Taxes in the digital era: How is the Czech Republic doing?
The main drivers of the digitalization of companies’ tax function are the digital filing requirements of various tax authorities, as well as the increasing number of automated processes that free up human resources for...
VAT in the Digital Age (ViDA): Not So Fast
The dog days of summer seem an appropriate time to assess progress on the European Union’s (EU) VAT in the Digital Age (ViDA) proposal. This starts with EU Finance Ministers at ECOFIN in Luxemburg providing broad...
28,000 Companies File VAT Returns in July as New Technology eases Tax Payment Procedure
A total of 28,000 companies filed their Value Added Tax (VAT) returns to the Federal Inland Revenue Service (FIRS) in July 2023 alone. In June 2021, the FIRS introduced the TaxPro Max, as an online platform meant to...
The digitalisation of tax in the EU: 5 megatrends in evidence
Tax management by businesses has rapidly advanced in the last 15 years due to digitalisation. E-invoicing, SAF-T, real-time reporting and other digital processes have been mandated by countries across the world...
Vertex Exchange 2023 – Orlando (October 22-25, 2023)
One of the benefits of attending #VertexExchange23 is the ability to ask real-time questions on the latest #taxtechnology and tax strategies from the industry leading experts. However, did you know that attendees can...
Ecofin – Agenda Sept 11/12 – Working Party on Tax Questions (Indirect Taxation – VAT)
11 September 2023, 10:00 am 1. VAT in the Digital Age ‒ Exchange of views 12 September 2023, 10:00 am 1. Position to be taken in the UK-EU Trade Specialised Committee on administrative cooperation in VAT and recovery of...
Downpayment processing in KSA eInvoicing
Do you know the know-hows behind the processing of down payments as eDocuments in SAP? Do you have a query why only F-39 is supported and not F-32? This blog explains it all. Source: blogs.sap.com
Generative AI in tax: 5 essential insights for leaders
GenAI can help almost every aspect of the tax function by being trained on large amounts of documents and data, including financial statements, tax regulations, and regulatory decisions. It can provide highly accurate...
E-Invoicing & E-Reporting developments in the news in week 35/2023
Global Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union Highlights in the European Union France delayed...