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Business Insight
August 10, 2022

Supplying digital services abroad? 6 reasons why you can't ignore indirect tax.

‍A wave of legislation has come into force requiring that VAT (or similar taxes) be charged on digital services supplied to local customers from abroad. We have highlighted 6 reasons it is worth looking into.

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Recent posts

Countries
August 8, 2022

Australia’s updated B2B e-invoicing using the Peppol framework (2023-2025)

The Australian Department of Treasury has designed a plan to promote the adoption of B2B e-invoicing using the Peppol format. Proposing that by 2025, all companies will need to exchange e-invoices for all B2B transactions.

Business Insight
August 4, 2022

Fuzzy Matching - mathematical algorithms supporting Tax ID validation

Fuzzy Matching is a brilliant feature in the Fonoa Lookup product that helps you charge taxes more accurately and combat tax fraud in over 80 countries.

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Countries
July 22, 2022

Argentina’s Tax Identification Numbers will now be generic & non-binary

Argentina’s tax identification numbers (CUIT) & social security numbers (CUIL) will now be ‘gender neutral. Argentina’s tax authority (the AFIP) has confirmed the implementation of a new tax identification number prefix format for individuals.

Countries
July 21, 2022

All foreign and local companies operating in Serbia obliged to use Serbian e-invoicing system effective 1 January 2023

Serbia mandates all B2B transactions be reported in the e-invoicing system effective 1 January 2023. Fonoa helps companies be compliant with digital reporting and e-invoicing.

Countries
July 20, 2022

Updated Reporting Requirements in the Kingdom of Saudi Arabia

Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has published final guidelines for Phase Two of the KSA e-invoicing mandate, scheduled to go into effect 1 January 2023.

Countries
July 15, 2022

Official mandatory application of e-invoices in Vietnam

July 1, 2022, it is officially compulsory to apply electronic invoices for businesses operating in Vietnam. Fonoa automates e-invoicing and your other indirect tax (VAT) requirements. Learn more about this change in our article.

Business Insight
July 15, 2022

Psst! You may be gambling with profit margins

Calculating taxes “after the fact” impedes businesses from fine-tuning pricing for competitive purposes, as margins are unknown at the time of checkout.

Countries
July 6, 2022

New Mandatory RFC Validation Method in Mexico

Fonoa supports the new 2023 rules for RFC number validation in Mexico and includes name and zip code as part of the validation. Find out more in our article.

Countries
June 16, 2022

Mandatory e-invoicing likely to be postponed in Poland

Poland (KSeF) possibly postpones e-invoicing until 2024. Use Fonoa to automate e-invoicing and your other indirect tax (VAT) requirements. Learn more about this change in our article.

Countries
May 18, 2022

e-Invoicing in Italy: Fattura vs Scontrino

From January 1st, 2019, all invoices issued following the sale of goods or provision of services carried out between entities resident or established in Italy must be electronically invoiced. Learn more about e-invoicing in Italy in this article.

Business insight
May 4, 2022

Tax IDs and registrations in Canada

GST/HST registration can be validated against the central database in Canada, and Fonoa Lookup supports TIN validation in Canada both at the Federal level, and for QST ID, ie Quebec sales tax registrations. Learn more in this article.

Business insight
April 20, 2022

What is sequential invoice numbering

Tax invoices in most countries require unique and sequential invoice numbering. This means that the invoice number structure must be consistent in structure, and sequential, such that there are no gaps between two consecutive unique invoices.

Countries
April 14, 2022

Egypt to mandate eReceipts for B2C transactions from July, 2022

The Egyptian Minister of Finance just announced the launch of the eReceipts system for a trial period starting from April 15, 2022, until July 1, 2022. Check out what are your obligations if you are dealing with end consumers in Egypt.

Business insight
March 22, 2022

Summary invoice: What is it?

A summary invoice is a document generated on top of the invoices that need to be issued per individual transaction and serves the purpose of outlining the total amounts due for that client in a given time frame. Learn more in our article.

Business insights
March 3, 2022

How to Validate The Tax ID Numbers of Your Customers

Although this can be a difficult process, it is important to ensure you check the business status of your customers and validate their tax ID numbers. Check out why in this article.

Business insight
March 1, 2022

Third-party billing‍: What is it and what are its benefits?

Third-party billing is an arrangement that companies take in order to take over the responsibility of issuing invoices in the name and on behalf of the underlying supplier towards their customers. Learn more in our article.

Business insights
February 10, 2022

Why Is It Essential To Validate The Tax Number of Your Customers Before A Transaction Takes Place?

The validation of your customer's tax ID must be an indispensable step in your checkout flow, especially if you are dealing with business customers. Check out why.

Tax area
January 20, 2022

Why Is VIES Not Always The Best Solution to Verify European VAT Numbers?

VIES is an online tool often used by EU businesses to validate EU VAT numbers of business partners or customers, but due to some limitations, VIES tool is not always reliable.

Countries
October 28, 2021

Egypt: What does B2B e-invoicing look like in Egypt?

Egypt has implemented changes to its tax legislation in order to make e-invoicing mandatory for a number of companies. In this article, we’ll look into e-invoicing for B2B businesses in Egypt.

Tax area
October 22, 2021

Zero-rated supplies: definition, types, examples

Zero-rated supplies are important for business taxes, and remote suppliers are particularly concerned. In this article, we’ll discuss what zero-rated supplies are, and what is the difference between tax-exempt and zero-rated supplies. Learn more.

Countries
October 5, 2021

Greece: myDATA, the Greek e-invoicing and tax compliance system

The Greek e-invoicing system will be rolled out in November 2021, after being delayed a few times because of the COVID-19 pandemic. Greek businesses will need to issue e-invoices and file tax information online, via the compliance platform MyDATA.

Countries
October 1, 2021

Japan: What is the Qualified Invoice System?

Japan is currently in the process of rolling out a new tax reform and a new invoicing system. It all started on the 1st of October 2019 with a new multiple rate system. Learn more in our article.

Industries
September 21, 2021

VAT for events: what are the most important things to consider?

With many people returning to the office after a prolonged absence, most companies are starting to question whether it would be best to resume in-person meetings and corporate events, and are also looking for ways to tackle VAT on events. Learn more.

Industries
September 16, 2021

AliExpress expects to see a decrease in EU sales after the July 1 VAT reform

Alibaba, the company behind AliExpress, the hugely popular Chinese eCommerce platform which sells to customers from the whole world, expects to see a decline in their EU sales in the next months. Find out more in our article.

Tax area
September 9, 2021

The EU VAT reform: invoicing for online marketplaces

The EU VAT reform, in force since July 1, 2021, has a profound impact on the eCommerce industry, including online marketplaces. In this article, we’ll look into the invoicing obligations and VAT liability of online marketplaces.

Countries
September 3, 2021

Poland: The rollout of the KSeF e-invoicing system is in its next phase

Poland has begun the gradual rollout process of its Krajowy System of e-Faktur, or the KSeF e-invoicing system. In this article, we’ll look into the latest developments of the KSeF system and the accompanying legislation necessary for its rollout. 

Business insight
September 1, 2021

EU: VAT on the trade of services between EU countries

One of the core principles of the European Union is the free flow of goods and services. In this article, we’ll look into your VAT responsibilities as an EU service provider, as well as into the new OSS scheme designed to streamline tax compliance.

Tax area
August 27, 2021

The EU VAT reform: OSS, IOSS and MOSS

Three key terms define the EU VAT reform: OSS, IOSS and MOSS. In this article, we’ll look into what each one of those terms means, what impact it can have on your business, and explain how you can benefit from the scheme that is right for you.

Business insight
August 25, 2021

Non-EU B2C sellers: do you need an IOSS intermediary in the EU?

If you’re operating a business that sells goods to EU customers and aren’t located in the EU, you’d need to consider registering for the IOSS (Import One-Stop-Shop) scheme, and appoint an intermediary. Find out more in our article.

Countries
August 16, 2021

Canada: eCommerce businesses are subject to new GST/HST rules

As of July 1, 2021, eCommerce businesses who operate in Canada are subject to new tax rules. The goal of the new regulations is to make competition between Canadian and non-Canadian businesses fairer. Find out more in our article.

Tax area
August 13, 2021

VAT registration exemption thresholds in the EU in 2021

In the EU, small businesses have the possibility to not register for VAT, if their annual turnover is under a certain limit. In this article, we’ll look at the different VAT thresholds per country, and see the rationale behind the existence of limits

Countries
August 11, 2021

Cross-border invoicing and reporting in Italy

Italy has introduced mandatory e-invoicing between Italian taxpayers in 2019, but cross-border transactions weren’t in the system’s scope. At the moment, Italy is looking to introduce an expanded CTC for cross-border transactions. Find out more now.

Countries
August 3, 2021

E-invoicing in the Scandinavian countries: Sweden, Norway, Denmark, Finland

Scandinavian countries have been making rapid progress towards electronic invoicing. In this article, we’ll look into the current state of e-invoicing in Sweden, Norway, Denmark and Finland. Find out more in our article.

Countries
July 30, 2021

E-invoicing in Saudi Arabia: timeline, requirements, and technical details

E-invoicing will become mandatory for businesses operating in Saudi Arabia, making the Kingdom the first Middle Eastern country to implement an e-invoicing reform. Find out more in our article.

Business insight
July 16, 2021

EU: If you’re selling on Etsy and have EU customers, here’s what’s changed in July 2021

If you’re an Etsy seller and have buyers from the EU, VAT collection now looks different, after the EU VAT reform (effective from July 1, 2021). In this article, we’ll look at the things you need to consider and to do. Learn more.

Business insight
July 15, 2021

EU: How the EU VAT reform impacted Amazon pan-EU FBA sellers?

The past year has been very successful for eCommerce businesses, as demand was further fueled by the pandemic. However, the EU VAT reform, which came into effect on July 1, 2021, has a profound impact on eCommerce in the EU. Find out how.

Tax area
July 9, 2021

EU: B2B E-Invoicing in the EU

Across the European Union, countries are trying to reduce VAT gaps and increase VAT revenue by modernizing their invoicing and VAT collection processes. In this article, you can learn more about e-invoicing regulations in some European countries.

Business insight
July 7, 2021

Dropshipping from China into the EU, IOSS, and the new EU VAT rules

The European Union has introduced a major VAT reform that impacts all eCommerce sellers who ship to EU customers. Let's look at the things that change for you if you have a dropshipping business and are shipping items from China into the EU.

Business insight
July 5, 2021

EU: When are online marketplaces liable for VAT on B2C transactions in the EU?

With the EU VAT reform that entered into force as of July 1, 2021, online marketplaces that facilitate B2C sales in the European Union need to deal with a new administrative burden: charging and remitting VAT on some transactions. Learn more.

Business insight
June 25, 2021

EU: Do you need to register for the OSS (One-Stop-Shop) system?

The EU VAT reform will profoundly affect VAT declaration and remittance for eCommerce retailers who have customers in the EU. Learn more and prepare your business for all changes that are coming in the upcoming weeks.

Industries
June 23, 2021

EU & UK: New VAT rules for online retailers

Brexit brought many changes to how online retailers in the EU and in the UK need to handle VAT. EU distance selling rules no longer apply in the UK, and shipments between the UK and the EU are now subject to import duties and other fees. Learn more.

Industries
June 21, 2021

EU: VAT on sales facilitated by online marketplaces

Online marketplaces, such as Amazon, eBay or Cdiscount will be considered as the deemed supplier for some transactions in the EU, and, as a result, will be liable for collecting and remitting VAT on those sales. Find out more in our article.

Business insight
June 18, 2021

EU: VAT rules for dropshipping in the EU

B2C dropshipping businesses who sell to EU customers need to adapt to the EU VAT reform that has been introduced on July 1, 2021. Find out more in our article.

Countries
June 17, 2021

Portugal: ATCUD and QR codes on invoices become mandatory from January 2022

Portugal is introducing mandatory ATCUD (document identification number) and QR codes on invoices, starting from January 2022. This is a part of a bigger effort by the Portuguese government to simplify and modernize tax compliance and VAT. Learn more

Countries
June 15, 2021

Poland introduces its e-invoicing system, the KSeF, in October 2021

Starting from October 1, 2021, Polish businesses will be able to use the official e-invoicing system to issue electronic invoices for B2B transactions. Find out more what it is all about in our article.

Industries
June 9, 2021

EU: Imports from China after the VAT Reform on July 1, 2021

The EU VAT Reform scheduled for July 1, 2021 will have a big impact on imports from non-EU countries, such as China. Learn how will new regulations impact international buyers who usually use Aliexpress, Wish, and eBay for online shopping.

Industries
June 7, 2021

EU: The One-Stop-Shop (OSS) Scheme is not Adapted to Fulfillment by Amazon

From July 1, 2021, the new EU VAT reform will affect cross-border trade in the EU (including imports from abroad). VAT legislation in the EU was outdated and not adapted to the realities of online trade, especially at its current scale. Learn more.

Tax area
May 31, 2021

UK & EU: The Principle of Use and Enjoyment for VAT

Use and enjoyment for VAТ purposes is a principle that determines where a specific service is used, and where it should be taxed. It is used to prevent tax avoidance and non-taxation, as well to avoid double taxation. Find out more in this article.

Tax area
May 28, 2021

EU: EC Sales List (ESL) Obligations for Intra-Community Trade

If you’re operating an EU VAT-registered business and are selling goods and services to other VAT-registered businesses in the EU, you need to submit EC Sales List (ESL) returns on a regular basis (monthly, quarterly, or annually). Find out more.

Industries
May 24, 2021

Digital taxes on online courses: key factors to consider

If you’re an online course creator and sell your courses on Teachable or Udemy, you need to know what digital taxes you need to pay. In this article, we’ll look at consumption taxes on digital products and services, and how they affect you. 

Tax area
May 21, 2021

EU: IOSS and VAT rules for non-EU businesses who import to the EU

The EU VAT reform scheduled for July 1, 2021, will bring lots of changes to how B2C businesses operate in the EU. This reform will also affect non-EU businesses importing into the EU. Find out more about what is coming as of July 1 in our article.

Tax area
May 19, 2021

EU: One-Stop-Shop for E-Commerce Explained: IOSS or OSS?

As already discussed - with the EU VAT reform scheduled for July 1, 2021, e-commerce business owners who have cross-border transactions within the EU or who import goods from outside the EU will be impacted.

Industries
May 17, 2021

DAC7: New Reporting Obligations for Online Platforms in the EU

DAC7, short for the 7th Directive on Administrative Cooperation, is an initiative aiming to improve tax cooperation between EU member states. Find out how it will affect online platforms in the EU in our article.

Industries
April 16, 2021

EU 2021 VAT Package: VAT on Goods Sold via Online Stores like Amazon, AliExpress and eBay

Starting from July 1, 2021, EU customers will be charged VAT for products they order on online stores and marketplaces (such as Amazon, AliExpress, eBay), regardless of the order’s value. Find out more in our article.

Industries
April 15, 2021

UK & EU: eBay Sellers’ VAT Obligations

In 2021, both the UK and the EU have rolled out important changes to the way VAT on online purchases is handled. These affect eBay sellers who trade with end customers in the EU and UK. Find out how to adapt to new changes in this article.

Industries
April 14, 2021

EU: Amazon FBA & Your VAT Obligations in the EU after July 1, 2021

Many companies sell products on Amazon, but not all of them know how this affects their VAT obligations in the different countries where they sell, and how to remain VAT-compliant. Here is what you need to know.

Industries
April 13, 2021

UK: Taxes on Earnings from Twitch 

If you’re earning money on the streaming platform Twitch as an affiliate, a partner, or via donations, you’ll need to pay income taxes. Find out more in our article.

Industries
April 12, 2021

UK: Tax Obligations for Streamers on YouTube and Twitch

If you’re making money from streaming on Twitch or on YouTube, you might need to pay taxes on that income, regardless of whether it’s donations, ad revenue, or affiliate fees. What is all about, find out in our new article.

Countries
April 9, 2021

Turkey: E-invoicing Rules and Regulations

Turkey introduced mandatory e-invoicing for some taxpayers. Starting from July 1, 2020, companies who had generated gross revenue of over 5 million Turkish lira in 2018 and 2019 were required to transition to e-invoicing. Find out more.

Countries
April 8, 2021

Argentina: E-invoicing Rules and Regulations

The mandatory e-invoicing in Argentina went through several waves of adoption, but as of 2019, it is mandatory for all entities in Argentina. Find out more about e-invoicing rules and regulations in Argentina in this article.

Countries
March 31, 2021

Italy: Changes to E-Invoicing Rules for B2B Cross-Border Transactions, Starting from 2022

As the most advanced country in Europe in terms of electronic invoicing, Italy is introducing new e-invoicing rules for B2B cross-border transactions. Find out more about the upcoming changes in this article.

Countries
March 30, 2021

Portugal: Changes to E-invoicing Rules in 2021-2022

Portugal is continuously developing and expanding the mandate of its electronic invoicing system. Some changes are already implemented, and some will be in the upcoming months. Find out more in this article.

Industries
March 12, 2021

The Digital Levy: The Taxation of the Digital Economy in the EU

The taxation of the digital economy didn’t pass below the radar of governments within the European Union. Find out in our new article which principles and rules you should follow to stay tax-compliant. p.s. we have a solution for you.

Countries
March 12, 2021

B2B E-Invoicing in Poland (KSeF)

Poland will introduce an e-invoicing solution for B2B transactions in October 2021. The new digitalized system is known as KSeF (Krajowy System e-Faktur, or National e-Invoicing System) and its use will be voluntary for businesses for the time being.

Business insight
March 12, 2021

Dropshipping In The EU: Your VAT Obligations

Over the past decade, dropshipping is one of the fastest-growing ways to run your online business. But, when it comes to taxes, things might be complex. You can find an overview of your VAT obligations in this article.

Industries
March 11, 2021

One Stop Shop (OSS) and Import OSS Explained

As of July 1, 2021, the EU will introduce its new VAT package for e-commerce, which means that businesses will have to switch to the One Stop Shop (OSS) reporting in the EU. Find out more in this article.

Tax area
February 22, 2021

What Is A Credit Note And When To Issue it?

You've probably heard about credit notes tens or hundreds of times, but what is it actually, when to issue it, and what information a credit note must contain? Find answers to these and many more questions in our new article.

Countries
February 22, 2021

Post-Brexit B2C Distance Selling and VAT Regulations in Northern Ireland

As of January 1st, 2021, the UK left European Union. Although Northern Ireland is a part of the UK, under the Northern Ireland Protocol, EU VAT rules will continue to apply after the end of the transition period. Find out more about new tax rules.

Tax area
February 19, 2021

EU Reverse Charge: What Is It And Who Is It For?

If you are selling your products and services to customers in another EU country, you need to follow special VAT rules that differ from the ones if you were selling to customers domestically. EU reverse charge is one of them. Find out more here.

Tax area
February 18, 2021

What Is A VAT Number, What Is Used For, And How To Check It?

Besides the contact information of companies you are working with, there is always one additional number. What that number represents, and why is it always displayed on invoices and other official documents? Find out answers in our new article.

Tax area
February 18, 2021

What Is A GST And Which Countries Have It?

GST, or Goods and Services Tax, is a type of indirect tax that is aimed at consumption. Many similar consumption taxes around the world are roughly based on the same principles. In some EU Member States, this tax type is called a VAT. Find out more.

Business insight
February 17, 2021

No More Distance Selling Thresholds And 2 Other Big Changes Coming To e-Commerce In July 2021

After significant changes caused by the UK leaving the EU, the European Commission released the "EU VAT package 2021," which will significantly impact e-commerce businesses. Does it mean the end of e-commerce in the EU, as we know? Find out here.

Business insights
February 4, 2021

What does DAC7 Mean for Online Platforms

DAC7, according to many, will cause tectonic changes in the way how global digital platforms operate. In short, under DAC7 online platforms will need to report income earned by sellers in the EU, which means additional compliance responsibilities.

Tax area
February 3, 2021

What is VIES?

If you operate in or have customers in the EU, you’ve probably heard about VIES, an online system developed to check the VAT ID of a VAT-registered business in the EU. Find out more about this project of the European Commission in our article.

Tax area
February 2, 2021

Checking Your Customers’ Tax ID

If selling digital services, the chances you have customers in every corner of the world are high. To apply the right taxation principles, you should check your customer’s tax ID. That’s very important but very difficult. Find out more in our article

Tax area
February 1, 2021

Tax on Digital Services

With the rise of a global economy, we are also witnessing a rise of businesses selling digital services in the online universe. It may sound easy, but it’s not—especially when it comes to the taxation of such services. Find out more in our article.

Tax area
January 18, 2021

What is Real-Time Invoice Reporting (RTIR)?

What is real-time invoice reporting and which businesses must report sales transactions in real time? Find out answers to these and many more questions in this article.

Tax area
January 18, 2021

EU VAT Rates

Besides the standard VAT rate, almost all EU Member States have reduced VAT rates. Find a list of VAT rates applied in the Member States of the European Union in our article.

Tax area
January 18, 2021

EU VAT Number Formats

All EU member states have a fixed format for their VAT numbers, which includes a two-letter code of the country and a string of digits. You can find a full list of the Member States and their formats of the VAT number in this article.

Tax area
January 15, 2021

What Should A Tax Invoice Look Like?

In some countries, besides containing the compulsory information, a tax invoice must be issued in a specific layout, prescribed by the local authorities. Find out more in this article.

Tax area
January 14, 2021

What Is An Invoice?

You've probably heard about the invoice, but what is it, when it should be issued, and to whom? You can find answers to these questions, as well as many others in this article.

Business insights
December 12, 2020

How E-invoicing Came About And Why Is It The Future Of Doing Business

As strange as it sounds, the first electronic invoices were sent over 30 years ago using electronic data interchange (EDI). Since then, the use of e-invoicing has come a long way and has continued to evolve. Learn more in our article.

Business insights
December 11, 2020

Fiscalization In Theory And Practice

To avoid tax leakage, some countries introduced fiscalization in order to control the grey economy by enforcing all mandatory transaction reporting to the authorities. Learn more about the fiscalization in our article.

Business insights
November 14, 2020

Different Forms Of E-invoicing

There are different types of e-invoicing methods to choose from, and in order to realize the maximum benefit of each, it is important to select the right one for your business. Don’t wait, choose the right one and make your business operations easier

Product updates
October 12, 2020

What Is E-Invoicing And What Is Not?

There is often confusion between different types of invoice automation under the term e-invoicing. What is e-invoicing and what’s not? You can find the answer in the article on our blog.

Business insights
August 1, 2020

What Is The Value-Added Tax (VAT) Gap And Why Is It Important?

The VAT gap, i.e. the difference between expected VAT revenues and VAT collected in the government coffers, provides an estimate of revenue loss due to tax fraud and inadequate tax collection systems. Find out why is VAT gap important for economics.

Business insights
March 12, 2020

Mandatory E-Invoicing

Either fully or partially, applied to certain types of supplies of goods and services that have been identified as prone to VAT leakage, mandatory e-invoicing is considered the next step in the evolution in the drive to make taxation easier.

March 6, 2020

How e-invoicing compares to other invoicing methods

Paper invoices, as well as unstructured electronic invoices, continue to be the main sources of inefficiencies in accounting departments. To save time and money, but also to reduce the possibility of errors, think about e-invoicing. Find out more

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