Looking back at the start of 2020, it’s clear that the pandemic is reshaping global indirect tax.
Following the EU’s Summit on 21 March, EU heads of state reviewed the UK’s request to extend Brexit’s original date of 19 March 2019 to 30 June 2019.
A no-deal UK exit from the EU remains a real possibility – and one The Economist has described as “a catastrophe.”
Quotation marks come in handy when describing Europe’s current and future value added tax (VAT) system. The current system, adopted in 1993, was intended to be “transitional.” Today, 25 years later, the European Commission (EC) is working to finalise a massive VAT reform that began in earnest with its 2016 VAT Action Plan.
In January, the Cooperation Council for the Arab States of the Gulf – also known as the Gulf Cooperation Council (GCC) – announced a formal agreement regarding a new value-added tax (VAT) to be adopted by GCC member countries which are Bahrain, the Kingdom of Saudi Arabia (KSA), Kuwait, Oman, Qatar and the United Arab Emirates.
Displaying 0 of 5
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
Browse All Solutions