At present, just over 160 countries are using a VAT system around the world. Given the different regulatory frameworks of these different nations, each value-added tax system operates with some
During business trips throughout the year in Europe, you may have noticed how much of the costs are surrounding transport. Perhaps a lot of these costs are to rent a
Even though life slowly gets back to normal, many people are continuing to work from home. With no or only limited access to company offices, the need for ordering stationery
Generally speaking, most goods and services in Europe incur value-added tax throughout different production stages. However, some goods and services are VAT-exempt. This means that the tax is not charged
We all know the problem. During an invoice audit we discover that essential invoice requirements are missing or incorrect. The input VAT deduction is therefore lost. A deliberate deduction of
Business travel expenses can add up – Let’s say you and your team have a conference event to attend in Berlin, but you are operating in London; from flights, fuel
When creating VAT (value-added-tax) refund claims in accordance with rules and regulations of different countries, it can be challenging and complicated to keep track of the type of invoice that
When we look at the various cost categories of businesses, the value-added tax treatment is usually broken down by the percentage that is charged. When it comes to VAT on
The COVID-19 pandemic is having a devastating impact on the corporate world. However, we are not going to focus on the regressive effects it has had on the corporate world,
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