Does a Limited Company need to be VAT...
Does a Limited Company need to be VAT Registered? VAT Registration Requirements for Limited Companies Explained When does a limited company need to be VAT registered? It’s quite simple: when your annual turnover exceeds the threshold set by the local tax authority. For example, if you supply goods or services in the UK, your company […]
Japan customs implements vital amendments to combat abusive...
Japan customs implements vital amendments to combat abusive practices New Japan Customs Amendments Aimed at Preventing Abusive Practices Significant changes have recently been published concerning Japanese customs procedures. These changes, issued by the Japanese customs authorities on 30 June 2023, confirm a few vital amendments to the primary circular of the Customs Code. Here’s what businesses need […]
Claiming VAT in Aviation Understanding VAT Claims in...
Claiming VAT in Aviation Understanding VAT Claims in the Aviation Industry When it comes to VAT reclaim in the aviation industry, the reclaim process can get so murky that many aerospace companies recover only a fraction of what they can rightfully claim. Moreso, many companies in the aviation sector are unaware of hidden VAT that […]
Singapore: New GST rules for non-resident companies Understanding...
Singapore: New GST rules for non-resident companies Understanding Singapore’s new GST rules for non-resident companies As of 1 January 2023, Singapore has introduced an increase in the tax on goods and services (GST). This change breaks a 15-year cycle of consistent GST rates in Singapore. The confirmed increase will follow a phased approach. The first stage includes […]
Claiming VAT within the automotive industry VAT Claims...
Claiming VAT within the automotive industry VAT Claims in the Automotive Industry Explained for Businesses The automotive industry is one of the world’s largest by revenue. So, it may come as a surprise that many companies within the automotive industry are losing millions of euros each year in unclaimed or rejected VAT refunds. Along with […]
Germany: New certificate of VAT taxable status Understanding...
Germany: New certificate of VAT taxable status Understanding Germany’s New Certificate of VAT Taxable Status On November 18, 2022, Germany’s Federal Ministry of Finance released a new certificate of VAT taxable status for entrepreneurs based in Germany. We dive into the importance of this new certificate and how it influences local and international business and […]
Claiming VAT within the engineering industry How to...
Claiming VAT within the engineering industry How to Claim VAT in the Engineering Industry: Key Rules and Best Practices Suppose you forgot your wallet at a restaurant, in a taxi, or at your last business meeting. Chances are pretty good that you’d like it returned – it is yours, after all. Similarly, no business […]
A Guide to VAT Surcharge Rates Your Guide...
A Guide to VAT Surcharge Rates Your Guide to VAT Surcharge Rates and Compliance A VAT surcharge is a penalty imposed when you do not pay all the VAT due by the prescribed deadline. Specifically, the surcharge is a percentage of the outstanding VAT. In many cases, the surcharge rate continues to increase if you […]
New VAT treatment for virtual events Understanding the...
New VAT treatment for virtual events Understanding the New VAT Rules for Virtual Events New place of supply rules have been clarified for interactive virtual events. In essence, these changes apply to all interactive virtual events or alternative live-streamed events that do not qualify as electronic services. The change means that the VAT treatment of […]
Marketplace Facilitator Laws and US Sales Tax: Impact...
Marketplace Facilitator Laws and US Sales Tax: Impact on Global E-Commerce Sellers Global e-commerce continues to expand at an unprecedented pace, but with that growth comes increasing complexity in electronic commerce taxation. One of the most significant developments in recent years is the introduction of marketplace facilitator laws across the United States. These rules have […]
Cross-Border VAT Compliance Pitfalls That Cost Finance Teams...
Cross-Border VAT Compliance Pitfalls That Cost Finance Teams Millions Expanding across borders offers tremendous opportunities for growth. However, for finance teams, international expansion often introduces one of the most complex areas of indirect taxation: cross-border VAT compliance. Value Added Tax systems are enforced in more than 170 countries worldwide, each with their own rules, […]
e-Invoicing Data Quality: Common Errors Across Jurisdictions Data...
e-Invoicing Data Quality: Common Errors Across Jurisdictions Data quality is central to modern tax compliance. With e-invoicing mandates expanding globally, invoices must meet strict technical and regulatory standards in clearance and real-time reporting systems. Even minor errors can trigger immediate rejection or penalties, as machine-readable e-invoices leave little room for interpretation once submitted to tax authorities. […]
Top Indirect Tax Compliance Services in 2026 As...
Top Indirect Tax Compliance Services in 2026 As global tax authorities accelerate digital reporting and real-time oversight, indirect tax compliance has become a growing operational priority for multinational businesses. Unlike direct taxes, indirect tax obligations, including VAT, GST, sales tax and customs duties, are transaction-driven, jurisdiction-specific and increasingly automated by governments. Errors can lead not only to […]
Vietnam VAT Refunds: Seller Declaration No Longer a...
Vietnam VAT Refunds: Seller Declaration No Longer a Barrier for Buyers VAT refunds have long been a source of frustration for businesses operating in Vietnam. Even when buyers complied fully with the law, refunds could be delayed or denied for reasons entirely outside their control. The most common issue was simple but damaging: if a supplier failed to declare […]
7 Best e-Invoicing Compliance Solutions in 2026 As...
7 Best e-Invoicing Compliance Solutions in 2026 As governments accelerate digital tax reform, e-invoicing is no longer a process improvement, it is a legal requirement. From real-time clearance models in Europe to continuous transaction controls emerging across the Middle East, businesses must now implement compliant, scalable and future-ready systems. Selecting from the best e-invoicing compliance solutions in 2026 […]
VAT on Employee Expenses: What is Recoverable and...
VAT on Employee Expenses: What is Recoverable and What Is Not Employee expenses are a necessary part of doing business. From travel and accommodation to meals, client meetings, and day-to-day operational costs, employees often incur expenses on behalf of their employer. What many businesses underestimate, however, is how much VAT sits within these costs and […]
VAT Compliance Risk in the EU: Where Companies...
VAT Compliance Risk in the EU: Where Companies Lose Control Value Added Tax (VAT) remains one of the more complex tax systems in the world. For companies trading across borders, particularly within the European Union, VAT is an integrated compliance system including registrations, reporting, invoicing, and data exchange. As the regulatory environment and digital reporting requirements continue to expand, VAT compliance risks have become a greater concern. Businesses that fail to control it face the probability of incurring penalties, reduced cash-flow, […]
VAT IT and Navan make Reclaiming VAT Easy...
VAT IT and Navan make Reclaiming VAT Easy Companies forfeit billions annually in unclaimed VAT from travel expenses, as highlighted here. Many businesses overlook this refund opportunity or struggle with its complexities, missing out on vital cash flow opportunities. Two-thirds of businesses do not explore VAT reclaims or capture just a small portion of what they could be rightfully due. That’s a costly implication, as travel and expense data holds untapped VAT potential. “The European VAT landscape […]
VAT in the Hospitality Industry: Rates and Rules...
VAT in the Hospitality Industry: Rates and Rules for Food, Drinks, and Services Hospitality VAT Explained: Key Rates, Rules, and Compliance Requirements The hospitality industry is dynamic, catering to diverse needs ranging from fine dining and hotel stays to event catering and leisure activities. However, managing VAT on hospitality expenses can be a complex […]
VAT in the Hospitality Industry: Rates and Rules...
VAT in the Hospitality Industry: Rates and Rules for Food, Drinks, and Services A Complete Guide to VAT Rates and Rules in the Hospitality Industry The hospitality industry is dynamic, catering to diverse needs ranging from fine dining and hotel stays to event catering and leisure activities. However, managing VAT on hospitality expenses can […]
The Benefits of VAT Registration The Comprehensive Benefits...
The Benefits of VAT Registration The Comprehensive Benefits of VAT Registration for Your Business There are benefits to having a VAT registration for your business. We see you gasp in shock and horror, and we get it. Amid the overwhelming administration around registering, accounting, filing and reporting on VAT, it’s sometimes hard to see that […]
