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Autumn Statement 2023: Key Tax Changes for Businesses, Employers, and the Self-Employed The Autumn Statement 2023 introduced a range of tax measures designed to stimulate economic growth, support UK businesses. Encourage investment, and increase employment opportunities. Alongside significant tax cuts, the government announced reforms aimed at simplifying tax administration. It’s reduce compliance burdens for businesses

Postpone the payment of import VAT in Belgium In Belgium, businesses can benefit from two different mechanisms to defer or postpone the paying VAT: Postpone VAT Accounting postponed VAT accounting mechanism allows eligible businesses to defer the payment of import VAT at the time of customs clearance. Instead of paying the import VAT upfront, businesses

Canada requires non-resident marketplaces to collect GST/HST Canada’s digital economy tax rules have significantly changed the obligations of foreign online marketplaces. Since July 1, 2021, many non-resident marketplace operators that facilitate sales to Canadian consumers. It has been required to register for collect and remit Goods and Services Tax (GST) or Harmonized Sales Tax (HST).

UAE VAT Law Amendments- How will Impact for Businesses Pursuant to Federal Decree-Law No.18 2022 (new Decree-Law), the UAE has now announced UAE VAT Law amendments. 2017 on VAT (VAT Decree-Law), making this the most significant amendment to the VAT legislation to date. The amendments will take effect from 1 January 2023. The amendments have

Fiscal Representation What is Fiscal Representation? Fiscal representation means companies not registered in the UK or EU, which want to carry out activities in the EU countries. It could be VAT purposes or any other tax purpose. The fiscal representative acts for the foreign company when it comes to the administration and declaration of VAT

VAT registrations in Belgium for Amazon sellers VAT registrations in Belgium for Amazon seller, when you will use the Belgium FBA Package or the Amazon Fulfilment Service. The goods are located at an Amazon´s warehouse in Belgium and sent to the customers directly from the Belgium warehouse. If the delivery into the warehouse is from

UK new VAT penalty and surcharges system  What are the new VAT penalty and surcharges system? HMRC interduce penalties  and surcharges for VAT periods starting on or after 1 January 2023. It is replacing the default surcharge and penalty system for late returns and late payment of VAT.  HMRC VAT also is introducing a new approach