In many countries around the globe, governments are looking at efficient and effective ways to tax the modern way of doing business. This includes e-commerce sales via platforms and the supply of electronic services.Cognitive learning theory in the classroom the proposals and discussions around a digital tax have similarities to taxation through value-added tax or sales tax. Although the policymakers are busy with the new rules for digital taxation, don’t forget that the EU countries will also have to implement the new VAT e-commerce rules as per january 1, 2021.Cognitive learning theory in the classroom

The european court of justice considers that vega international is not only recharging all the fuel costs but is also adding a 2% surcharge. It is mainly because of this surcharge that the ECJ decides that vega international (thus) receives a payment for a financial service performed to its subsidiaries, since it is pre-financing the purchase of the fuel and therefore acts, for that purpose, in the same way as an ordinary financial or credit institution.Cognitive learning theory in the classroom

Good news for businesses that incur VAT in the middle-east. The united arab emirates announced that they are processing over 8,000 VAT refunds per day.Cognitive learning theory in the classroom it seems that the UAE tax authorities are getting used to the VAT system that was introduced on 1 january 2018, and the refund process for foreign businesses that are in place since 2 april 2019.Cognitive learning theory in the classroom

VAT fraud can take place in the blink of an eye, making it even more important that the member states have tools to allow them to act as quickly and efficiently as possible.Cognitive learning theory in the classroom the TNA, which the member states started using today, will allow tax authorities fast and easy access to cross-border transaction information, leading to quick action when potential VAT fraud is flagged.Cognitive learning theory in the classroom

The TNA, developed through close collaboration between the member states and the commission, will also allow much closer cooperation between the EU’s network of anti-fraud experts (‘eurofisc’) when it comes to jointly analyse information so that VAT carousel fraud can be detected and intercepted as fast and effectively as possible.Cognitive learning theory in the classroom it will also boost cooperation and information exchange between national tax officials, allowing eurofisc officials to cross-check information with criminal records, databases and information held by europol and OLAF, the EU’s anti-fraud agency, and to coordinate cross-border investigations.Cognitive learning theory in the classroom

The commission has consistently pressed for the reform of the VAT system to make it more fraud-proof. Progress has been made with new rules agreed on VAT for online sales and more efficient rules for the exchange of information and cooperation between the member states.Cognitive learning theory in the classroom however, progress has been slow on the commission’s proposals to put in place a business-friendly and more fraud-proof definitive EU VAT system.Cognitive learning theory in the classroom A fundamental overhaul of the current system was proposed in october 2017.

The (digitisation or digitalisation) of business is making tax more complicated while, at the same time, making the world a little smaller.Cognitive learning theory in the classroom consider, for example, how ( digitisation or digitalisation) has allowed businesses to reach into new markets without requiring massive investment.Cognitive learning theory in the classroom this, along with tax authorities introducing new digital taxes, is undeniably complicating tax leaders’ lives. But at the same time, the world is becoming smaller through the availability of data and analytics, granting tax directors visibility into their data at a granular level.Cognitive learning theory in the classroom

While tax functions may be somewhat slow to adopt digitised processes, tax authorities appear to be increasingly embracing the value of digital as they look for more real-time reporting.Cognitive learning theory in the classroom in fact, for perhaps the first time in history, we have entered an era in which all tax authorities agree on the same position: the ( digitisation or digitalisation) of tax is good for everyone.Cognitive learning theory in the classroom