Category: VAT

Poland adopts new package of VAT simplifications referred to as SLIM VAT 3 The so-called SLIM VAT 3 package was adopted in Poland with the intention to further simplify and modernise VAT compliance in the country. SLIM, which stands for…

What is a fiscal representative?   A fiscal representative is a locally appointed business or individual that is typically jointly liable for any VAT owed by the non-EU taxpayer.   Under certain circumstances, EU Member States will need a fiscal representative…

In 2021, The United Nations Climate Change Conference (COP26) aimed to reassess how world leaders are achieving their commitments to The Paris Agreement. This agreement lays out vital actions to limit global warming to 1.5 degrees. As this window of…

How is the SME Scheme changing?   In January 2025 an SME Scheme update will be applied giving businesses established in EU Member States VAT exemptions. This extends the previous SME Scheme and will make the SME Scheme VAT exemption applicable…

British Columbia: Upcoming changes to PST collection for marketplaces Over the last few years, Canadian federal government and provinces have been introducing reform after reform to tax collection processes for ecommerce businesses.    British Columbia is the latest province to change…

As the original influencer platform, Instagram holds promise for modern entrepreneurs and business owners alike. With over 1 billion active monthly users and over 200 million of them visiting business accounts daily, the social media platform has become a popular…

The ecommerce market offers a bright future for established brands and starting sellers alike, but for everyone involved, running an online business compliantly can be a challenge. Starting a new business should include careful thought and planning and what better time than now to set…

Audits: Don’t let one ruin your year It’s one of the most dreaded letters any business person receives. It starts innocently enough, “Dear Taxpayer, while processing your return, we noticed a few issues which raised questions…” and then the dreaded…

EU VAT Changes 2021: Frequently Asked Questions  As the EU VAT reforms approach, we’ve been running our webinar Unpacking the EU VAT Changes to explain how international ecommerce businesses can prepare to comply from July. Having opened the floor for attendees to ask the questions they needed answered,…

I’m importing into the EU – What do I need to know about VAT? The European single market is a formidable playground for businesses as it offers free movement of goods, capital, and services, making trading internationally less burdensome thanks to the absence of internal borders. As a…