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.