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Vat Aspects Of Electronic Invoicing And E Commerce
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Book Synopsis VAT Aspects of Electronic Invoicing and E-commerce by : Marc Govers
Download or read book VAT Aspects of Electronic Invoicing and E-commerce written by Marc Govers and published by Intersentia nv. This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently European Community legislation and national legislations do not allow using electronic invoicing in a business friendly way. Electronic invoicing frequently reflects cross border transactions and related VAT issues. Electronic invoicing means that an invoice is processed and sent by the supplier's ITsystem and received and processed by the customer's ITsystem. Hence, electronic invoicing is not simply sending an invoice by e-mail. Companies cannot work efficiently within the EC as long as there are as many different legal systems as Member States. Although expert systems like iVAT will help companies to automate invoicing and assist them in tackling their daily struggle with complex VAT rules, EC legislation needs to be harmonised in order to facilitate the use of electronic invoicing. This book gives an overview of the current status in the different Member States as well as some propositions relative to the harmonisation of EC regulation with respect to electronic invoicing. Contents: PART I: VAT AND LEGAL ASPECTS Electronic invoicing in a European and national context Content of the electronic invoice Transmission of the electronic invoice Preservation of electronic invoices PART II: EDI IN EUROPE PART III: SURVEY ON THE USE OF ELECTRONIC INVOICING IN EUROPE PART III: VAT AND E-COMMERCE E-commerce and VAT aspects Proposal for a directive on VAT and electronic commerce Annex: Directive on certain legal aspects of electronic invoicing
Book Synopsis Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru by : Mr.Matthieu Bellon
Download or read book Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru written by Mr.Matthieu Bellon and published by International Monetary Fund. This book was released on 2019-11-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e-invoicing increases reported firm sales, purchases and value-added by over 5 percent in the first year after adoption. The impact is concentrated among smaller firms and sectors with higher rates of non-compliance, suggesting that e-invoicing enhances compliance by lowering compliance costs and strengthening deterrence. The reform’s positive effects on tax collection are hindered by shortcomings in the VAT refund mechanism in Peru, suggesting that digital tools such as e-invoicing should be complemented by other reforms to improve revenue mobilization.
Book Synopsis Electronic Invoicing in Latin America by : Alberto Daniel Barreix
Download or read book Electronic Invoicing in Latin America written by Alberto Daniel Barreix and published by Inter-American Development Bank. This book was released on 2018-03-21 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electronic invoicing (EI) of taxes is one of Latin America’s contributions to international taxation in support of the fight against evasion, global efforts towards tax transparency, and the digitization of tax administrations (TAs). Initially, EI was conceived as an instrument of documentary control over the invoicing process, so as to avert both the omission of sales and the inclusion of false purchases. The original idea was extended to other areas of tax control, such as payroll, goods in transit, and new services such as factoring. To some extent, EI can be regarded as the start of the process of digitizing the TAs in the broad sense. This publication addresses the pioneering experience of EI in Latin America, from its implementation to its extensions and impact on tax collection.
Book Synopsis Enable Compliant Electronic Invoicing with IBM Sterling e-Invoicing by : Chris Hayes
Download or read book Enable Compliant Electronic Invoicing with IBM Sterling e-Invoicing written by Chris Hayes and published by IBM Redbooks. This book was released on 2016-04-13 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries that are outside of the United States have a value-added tax (VAT) and rely on the invoice document as a key mechanism for VAT auditing and fraud prevention. IBM® Sterling e-Invoicing automates buyer and supplier electronic invoice processes in compliance with country-specific tax regulations. This compliance reduces corporate risk and exposure while improving operational efficiencies. This IBM Redbooks® Product Guide describes the key requirements and challenges of global e-invoicing and the ways IBM Sterling e-Invoicing enables customers to address these challenges. This publication explains the business value of the product, provides an overview and high-level architecture of the product, and includes a usage scenario.
Book Synopsis E-commerce and EU VAT by : Rosamund Barr et al.
Download or read book E-commerce and EU VAT written by Rosamund Barr et al. and published by Kluwer Law International B.V.. This book was released on 2021-07-12 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: E-commerce and EU VAT: Theory and Practice Rosamund Barr, Jeroen Bijl, Nils Bleckman, Gijsbert Bulk, Ethan Ding & Matthias Luther The new EU rules governing online sales of goods and services affect all businesses that sell online to EU customers, no matter where the seller is based. This timely book, written by leading tax professionals from various EU countries, is the first to clearly explain the VAT compliance obligations and options that businesses and tax practitioners worldwide must understand in order to adapt to the new system. In addition to describing the legal framework, the authors provide examples of how the rules work in practice and illustrate available choices for businesses, with particular attention to avoiding pitfalls. Thoroughly describing the rules affecting place of supply, liability, and accounting procedures in all relevant contexts, the book covers such areas of VAT compliance as the following: • distinction between goods and services; • differences between imported goods and goods sold intra-EU; • filing and invoicing obligations under the new one-stop shop scheme; • reclaiming foreign VAT; • mitigating fears of fraud and hijacking; • distinction between business-to-customer and business-to-business transactions; and • navigating through appeals, mistakes, and adjustments. Also covered are the particular VAT variations applicable to transactions involving the major European non-EU states – Norway, Switzerland, and the United Kingdom. The important distinction between the concept of ‘nexus’ in the United States state and local tax rules and ‘place of supply’ under EU law is also fully explored. Because a very large number of remote sellers of goods and services will need to understand and comply with the changes in the EU VAT e-commerce rules, it goes without saying that this book is indispensable to in-house corporate counsel worldwide. Tax administration officials, professionals in indirect tax management, corporate tax and finance directors and other tax professionals, and academics concerned with indirect tax law are sure to welcome this essential resource.
Book Synopsis Digitalization and Tax Compliance Spillovers: Evidence from a VAT E-Invoicing Reform in Peru by : Mr. Matthieu Bellon
Download or read book Digitalization and Tax Compliance Spillovers: Evidence from a VAT E-Invoicing Reform in Peru written by Mr. Matthieu Bellon and published by International Monetary Fund. This book was released on 2022-03-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our study uses administrative data on firm-to-firm transactions and quasi- experimental variation in the rollout of electronic invoicing reforms in Peru to study the diffusion of e-invoicing through firm networks and its effect on tax compliance. We find that voluntary e-invoicing adoption is higher amongst firms with partners who are mandated to adopt e-invoicing, implying positive technology adoption spillovers. Spillovers are stronger from downstream partners and from export-oriented firms. Firms are less likely to continue transacting with a partner who has been mandated into e-invoicing, with the effect only partially reversed if both firms adopt e-invoicing, suggesting that network segmentation may occur. Smaller firms who transact with partners mandated into e-invoicing report 11 percent more sales and pay 17 more VAT in the year that their partner is mandated to adopt e-invoicing, suggesting positive spillovers in tax compliance behavior for this subset of firms.
Book Synopsis eCommerce and the Effects of Technology on Taxation by : Anne Michèle Bardopoulos
Download or read book eCommerce and the Effects of Technology on Taxation written by Anne Michèle Bardopoulos and published by Springer. This book was released on 2015-03-31 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the impact of technology on taxation and deals with the broad effect of technology on diverse taxation systems. It addresses the highly relevant eTax issue and argues that while VAT may not be the ultimate solution with regard to taxing electronic commerce, it can be demonstrated to be the most effective solution to date. The book analyzes the application and the effectiveness of traditional income tax principles in contradistinction to VAT principles. Taking into account rapidly ameliorating technology, the book next assesses the compatibility between electronic commerce and diverse systems of taxation. Using case studies of Amazon.com and Second Life as well as additional practical examples, the book demonstrates the effectiveness of VAT in respect of electronic commerce and ameliorating technology in the incalculable and borderless realm of cyberspace.
Book Synopsis VAT Aspects of Cross-border E-commerce by :
Download or read book VAT Aspects of Cross-border E-commerce written by and published by . This book was released on 2016 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last five years, e-Commerce in Europe has grown by between 17% and 20% per year to become a key part of the digital economy and an important driver of economic growth. From 2009 to 2014, the contribution of e-Commerce to GDP has almost doubled. Recognising the importance of e-Commerce, the European Commission is committed to ensuring the free movement of goods and services and to ensuring that "individuals and businesses can seamlessly access and exercise online activities under conditions of fair competition" as set out in their Digital Single Market strategy. However concerns have been expressed by the Commission and other organisations, including business groups, that fragmentation and barriers continue to exist online, not least due to the burden associated with VAT compliance. The evidence presented in this report indicates that these concerns are justified, since the fixed costs associated with VAT compliance appear to represent a significant burden on firms, limiting the growth of cross-border e-Commerce in the EU. Moreover, non-compliance and VAT fraud continues to present a challenge to tax authorities across the EU.
Book Synopsis VAT on E-commerce by : Great Britain: National Audit Office
Download or read book VAT on E-commerce written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2006-05-26 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The value of internet sales (known as e-commerce) in the UK has more than trebled between 2002 and 2004 to £18.1 billion, with a further surge around Christmas 2005, and this level is expected to rise to nearly £60 billion a year by 2010. It is estimated that in 2005-06 HM Revenue and Customs collected over £1 billion in VAT on e-commerce goods and services. HM Revenue and Customs does not separately identify the exact amount of VAT collected from e-commerce because businesses are required to calculate and pay over VAT for their entire taxable activities, which include both traditional forms of business and e-commerce. In light of these developments, this NAO report examines the implications of the growth in e-commerce for VAT collection and the approach of HM Revenue and Customs to VAT collection. The report finds that HM Revenue and Customs has been alert to emerging areas of risk, such as the failure of e-commerce businesses to register for VAT and the non-payment or underpayment of import VAT on goods ordered over the internet from outside the EU. The report supports the assessment by HM Revenue and Customs that the overall risk to VAT revenue from on-line shopping is currently low, but as activity increases in this fast changing environment, it will be important that the Department builds on its work to keep abreast of possible changes in the patterns and levels of risk to VAT.
Book Synopsis QFINANCE: The Ultimate Resource, 4th edition by : Bloomsbury Publishing
Download or read book QFINANCE: The Ultimate Resource, 4th edition written by Bloomsbury Publishing and published by A&C Black. This book was released on 2013-09-26 with total page 6928 pages. Available in PDF, EPUB and Kindle. Book excerpt: QFINANCE: The Ultimate Resource (4th edition) offers both practical and thought-provoking articles for the finance practitioner, written by leading experts from the markets and academia. The coverage is expansive and in-depth, with key themes which include balance sheets and cash flow, regulation, investment, governance, reputation management, and Islamic finance encompassed in over 250 best practice and thought leadership articles. This edition will also comprise key perspectives on environmental, social, and governance (ESG) factors -- essential for understanding the long-term sustainability of a company, whether you are an investor or a corporate strategist. Also included: Checklists: more than 250 practical guides and solutions to daily financial challenges; Finance Information Sources: 200+ pages spanning 65 finance areas; International Financial Information: up-to-date country and industry data; Management Library: over 130 summaries of the most popular finance titles; Finance Thinkers: 50 biographies covering their work and life; Quotations and Dictionary.
Book Synopsis Global Perspectives on E-Commerce Taxation Law by : Dr Subhajit Basu
Download or read book Global Perspectives on E-Commerce Taxation Law written by Dr Subhajit Basu and published by Ashgate Publishing, Ltd.. This book was released on 2013-01-28 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its most advanced form, e-commerce allows unidentified purchasers to pay obscure vendors in 'electronic cash' for products that are often goods, services and licenses all rolled into one. This book considers the implications for the domestic and international tax systems of the growth of e-commerce. It covers a wide variety of activities, from discussion of the principles governing direct and indirect taxation, to explanation of the implementation and use of e-commerce on the part of businesses as well as the application of existing tax principles in this field. With its focus on the broader issues surrounding the expansion of e-commerce and its attention to the problems arising internationally in this field, Global Perspectives in E-Commerce Taxation Law will appeal to scholars worldwide.
Book Synopsis E-commerce Law and Practice in Europe by : Ian Walden
Download or read book E-commerce Law and Practice in Europe written by Ian Walden and published by Elsevier. This book was released on 2001-04-27 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the massive explosion of e-commerce, and especially the use of the Internet as a transnational and instant medium for business transactions, has come a whole range of new laws and regulations - and, inevitably, a minefield of accompanying uncertainties and potential pitfalls. So what exactly are the legal issues companies need to address, and what are their implications in real terms for the business world? Find the answers in this groundbreaking study undertaken for the European Commission within the framework of the ECLIP project. With a brief to provide practical help for businesses and e-commerce initiatives, this series of cutting-edge reviews examines and evaluates the special rules designed to regulate the Internet - both at a European and at national level in the Member States. It also explains the relevant technological developments and evaluates them against the legal background. This is an essential guide for legal and corporate practitioners alike, as well as software developers and the consultancy community internationally. A publication of the ECLIP network
Book Synopsis VAT Aspects of Cross-border E-commerce by :
Download or read book VAT Aspects of Cross-border E-commerce written by and published by . This book was released on 2016 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: In line with the Digital Single Market Strategy objective of boosting e-Commerce growth within the EU, the European Commission is considering a number of policy Options aimed at simplifying the VAT and Customs system. These policy Options build on the recent legislation on telecommunications, broadcasting and electronic services ('TBE services') provided to final consumers (B2C) within the EU which introduced the destination principle accompanied with the implementation of a Mini One Stop Shop (i.e. the MOSS). This report forms part of a broad study providing an in-depth economic analysis of VAT aspects of e-Commerce. The study considers the widening of the MOSS to other areas of B2C e-Commerce, the elimination of the VAT exemption for the importation of small consignments, and the elimination of current registration thresholds for intra-EU B2C supplies of goods. The objective is to reduce the administrative burden on trade and remove distortion of competition, to support the full achievement of the Digital Single Market. The Options assessed in this report were formulated following a design process that took into consideration inputs from stakeholders, the European Commission and other policy initiatives at EU level, which allowed forming a view on the problems and deriving the policy objectives and Policy Options. The Policy Options were assessed with regard to their financial and economic impacts through a number of tools devised for quantitative and qualitative analysis. Data gathering tools consisted of desk research, surveying consumers in 25 Member States, interviewing businesses and tax authorities in selected Member States, carrying out mock purchases, facilitating and attending stakeholder workshops and online surveying of businesses. For the analysis of the data, a Standard Cost Model (SCM) and Computable General Equilibrium (CGE) Model were applied to measure the administrative burden of businesses and the magnitude of effects on cross-border e-Commerce arising from the administrative burden, respectively. The economic analysis of the Policy Options included also a sensitivity analysis, using different e-Commerce growth scenarios. The main analysis considers the medium growth scenario (e-Commerce Compounded Annual Growth Rate - CAGR - of 12%), while the sensitivity analysis allows for lower and higher e-Commerce growth (CAGR of 6% under the low growth scenario and CAGR of 18% under the high growth scenario). An additional scenario allows for the impact of the Digital Single Market on cross-border e-Commerce within the EU as well ('DSM scenario').
Download or read book QFINANCE written by Bloomsbury Publishing and published by Bloomsbury Publishing. This book was released on 2014-11-20 with total page 7101 pages. Available in PDF, EPUB and Kindle. Book excerpt: QFINANCE: The Ultimate Resource (5th edition) is the first-step reference for the finance professional or student of finance. Its coverage and author quality reflect a fine blend of practitioner and academic expertise, whilst providing the reader with a thorough education in the may facets of finance.
Book Synopsis Legal Aspects of an E-commerce Transaction by : Andrea Schulz (Ph.D.)
Download or read book Legal Aspects of an E-commerce Transaction written by Andrea Schulz (Ph.D.) and published by sellier. european law publ.. This book was released on 2006 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributions contained in these conference proceedings illustrate how the existing and future regulatory framework operates for online business transactions. Legal Aspects of an E-Commerce Transaction examines various national and international laws and treaties as well as European Community law. The book looks at self-regulatory codes of conduct elaborated by business organizations relating to advertising, spam, competition, and the use of intellectual property rights, to the conclusion of online contracts and their performance. Additionally, post-contractual issues, dispute resolution, and taxation are discussed, and their interaction is examined. Rules on electronic payment, electronic invoicing, and the taxation of electronic business transactions are equally addressed.
Book Synopsis Taxing Consumption in the Digital Age by : Katharina Artinger
Download or read book Taxing Consumption in the Digital Age written by Katharina Artinger and published by Nomos Verlag. This book was released on 2020-10-16 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Die Digitalisierung hat enorme Auswirkungen auf die Grundidee der Mehrwertsteuer: den Austausch von Leistungen für Konsumzwecke. Die Dissertation konzentriert sich auf den Austausch von scheinbar "kostenlosen" Online-Dienstleistungen und die Zustimmung der Kunden zur Verwertung ihrer persönlichen Daten. Diese können der Mehrwertsteuer unterliegen, wobei die Bemessungsgrundlage auf Grundlage der Anbieterkosten berechnet werden muss. Die Ergebnisse basieren auf einer Analyse der EU-Mehrwertsteuer als Verbrauchsteuer im Vergleich zu anderen theoretischen Konsummodellen. Auch andere digitale Geschäftsmodelle, wie die Sharing Economy oder Bitcoins, können unter die Idee der EU-Mehrwertsteuer als Verbrauchsteuer subsumiert werden. Dissertationspreis der Nürnberger Steuergespräche e.V. 2020
Book Synopsis Platforms in EU VAT Law by : Christina Pollak
Download or read book Platforms in EU VAT Law written by Christina Pollak and published by Kluwer Law International B.V.. This book was released on 2022-10-18 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the provisions of the European Union Value Added Tax (EU VAT) Directive poses challenges when applied to the digital platform economy. Recent responses to these challenges revolve around the deemed supplier regime introduced by the so-called e-commerce package, and this regime is thus the focus of this indispensable work, the first to provide an in-depth analysis of the regime, its background and scope, its interpretation, and its application in practice. In its detailed examination of how digital platforms that enable supplies of goods through their interfaces are treated for VAT purposes under EU law, the author elucidates such topics and issues as the following: The qualification of the sale of goods through platforms; supply of the platform service to the underlying supplier; supply of the platform service to the customer; supply of goods from the underlying supplier to the customer; supplies from third countries; the Organisation for Economic Co-operation and Development (OECD) proposal’s influence on the interpretation of the EU e-commerce package; chain transactions; determination of the place of supply; chargeable event and chargeability of VAT; taxable amount; applicable rates and exemptions; platform’s recordkeeping obligations; accompanying customs measures; return of goods and warranty cases; and future of effective and efficient VAT collection. The author also undertakes a detailed analysis of a potential infringement of the principle of equality, neutrality, and the right to conduct a business. Fully taking into consideration the case law of the CJEU, administrative practice, and the relevant academic literature, the author’s research reveals the weaknesses, opportunities, and limits for Member States’ implementation of EU VAT law. The upshot is an important work that promises to make the EU VAT system more fraud-resistant, simplify compliance obligations, enforce the principle of neutrality, and reduce distortion of competition. The book will be of immeasurable value to any practitioner and policymaker approaching any case involving the deemed supplier regime for digital platforms with full awareness of the applicable rules.
