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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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