Blogs

The World Customs Organisation (WCO) has released the latest and seventh edition of the Harmonized System (HS) nomenclature which came into force on January 1, 2022. ...Continued

The official Gazette on November 8, 2021 published the Minister of Finance’s Order approving the procedure for the use and operation of a new national system of electronic invoicing – the RO e-Factura...Continued

Vietnam is moving forward with its e-invoicing project. The mandatory requirement for businesses to issue electronic invoices was pushed back to July 1, 2022....Continued

The Slovak Republic’s Ministry of Finance is implementing a central national electronic invoicing system to allow businesses to send e-invoices in a structured data format to the tax authority....Continued

Incoterms are a set of internationally recognised definitions and rules of interpretation that cover most common commercial scenarios used in contracts for the sale of goods. ...Continued

The European Commission’s “VAT in the Digital Age” initiative is a response to the digitalisation of the economy and the new challenges that this poses to European tax authorities and the EU VAT syste...Continued

The European Commission has released the results of its latest “VAT Gap” study, quantifying the amount of VAT that should have been collected by national tax authorities but was not....Continued

Despite ongoing uncertainty with the ongoing Covid-19 pandemic, new research suggests 79% of retailers are expecting 2021 to be their biggest holiday season on record. ...Continued

The President of Qatar’s General Tax Authority, Mr. Ahmad Eissa Al Mohannadi, recently confirmed that Qatar was still committed to introducing VAT as per the GCC Unified Agreement for VAT, signed in 2...Continued

Norway is undertaking a major digitisation project to create a more effective administration of the VAT system. One of the major changes is a new dynamic electronic VAT return based on standard SAF-T ...Continued