Get Familiar With The New VAT IOSS
The European Commission is dedicated to fighting against frauds inside the bloc and has created a new VAT system to further enhance tax compliance, now also for e-commerce transactions. The Import One-Stop-Shop or simply IOSS will give more responsibility to sellers as they will have to declare and pay VAT on all imported goods being […]
Is VAT E-Invoicing the Best Alternative for EU Countries Now?
On the lookout for a solution that tackles VAT fraudulent operations, EU member countries have started implementing a new VAT E-invoicing system that aims at better collecting information on B2B operations. Is it a viable measure for the post-pandemic and post-Brexit economies in the European Union? Check out here –READ MORE: Ireland’s 23% VAT Rate […]
Ireland’s 23% VAT Rate is Back
Ireland’s temporary VAT rate cut is no longer available from 1 March. The 23% Standard rate is back after the Irish Finance authorities decided to reduce the tax rate in 2020, during the second semester of the COVID-19 restrictions. The initiative was an attempt to reduce the economic impacts of the pandemic by boosting the […]