With the constant flow of information, it’s not always easy to stay on top of the latest news. Even though that we are sure that you stay up-to-date, a few items might  slip your attention. As we read a lot of articles every week, we collect every week the highlights from the Finance industry, which we gladly share with you on a bi weekly basis.

Welcome to the VATBox TaxTech newsletter. In this edition, we bring you the following topics:

  • Global
    • [Joint Webinar with SAP Concur] Compliance in the “New Normal” of Business Expense ManagementTowards greater collaboration: The evolving partnership between business taxpayers and tax authorities
    • The effect of COVID-19 on tax departments
    • Effectively financing tech initiatives: Insights In-Depth: Tech Trends 2020
    • Temporary VAT rate changes result in headaches for businesses
  • European Union
    • European Council agrees on the postponement of e-commerce VAT and DAC6 rules
    • Bulgaria – Clarification on the reduced VAT rate
    • Cyprus – VAT rate decrease now effective
    • Denmark – Proposal continuation flat-rate scheme for private use of business cars
    • Hungary – New online invoice reporting system and 3-months sanction-free initiative
    • Italy – Proposal to extend the split payment mechanism
    • Lithuania and Serbia– Deadline extension for 13th Directive VAT refund requests
    • Poland – New VAT rate matrix in effect as of July 1, 2020
  • Asia-Pacific
    • Vietnam – E-invoicing obligation as of November 1, 2020

Remco Dewaerheijt

VP Tax & Product Strategy at VATBox.

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