Vat Aspects Of Electronic Invoicing And E Commerce PDF Download
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| Author | : Marc Govers |
| Publisher | : Intersentia nv |
| Total Pages | : 0 |
| Release | : 2000 |
| Genre | : Electronic commerce |
| ISBN | : 9789050951425 |
Download VAT Aspects of Electronic Invoicing and E-commerce Book in PDF, ePub and Kindle
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
| Author | : Mr.Matthieu Bellon |
| Publisher | : International Monetary Fund |
| Total Pages | : 36 |
| Release | : 2019-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1513513710 |
Download Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru Book in PDF, ePub and Kindle
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.
| Author | : Alberto Daniel Barreix |
| Publisher | : Inter-American Development Bank |
| Total Pages | : 75 |
| Release | : 2018-03-21 |
| Genre | : Business & Economics |
| ISBN | : |
Download Electronic Invoicing in Latin America Book in PDF, ePub and Kindle
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.
| Author | : Chris Hayes |
| Publisher | : IBM Redbooks |
| Total Pages | : 14 |
| Release | : 2016-04-13 |
| Genre | : Computers |
| ISBN | : 0738455199 |
Download Enable Compliant Electronic Invoicing with IBM Sterling e-Invoicing Book in PDF, ePub and Kindle
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.
| Author | : Rosamund Barr et al. |
| Publisher | : Kluwer Law International B.V. |
| Total Pages | : 185 |
| Release | : 2021-07-12 |
| Genre | : Law |
| ISBN | : 9403537132 |
Download E-commerce and EU VAT Book in PDF, ePub and Kindle
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.
| Author | : Mr. Matthieu Bellon |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 2022-03-18 |
| Genre | : Business & Economics |
| ISBN | : |
Download Digitalization and Tax Compliance Spillovers: Evidence from a VAT E-Invoicing Reform in Peru Book in PDF, ePub and Kindle
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.
| Author | : Anne Michèle Bardopoulos |
| Publisher | : Springer |
| Total Pages | : 367 |
| Release | : 2015-03-31 |
| Genre | : Law |
| ISBN | : 3319154494 |
Download eCommerce and the Effects of Technology on Taxation Book in PDF, ePub and Kindle
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.
| Author | : Great Britain: National Audit Office |
| Publisher | : The Stationery Office |
| Total Pages | : 48 |
| Release | : 2006-05-26 |
| Genre | : Business & Economics |
| ISBN | : 0102938024 |
Download VAT on E-commerce Book in PDF, ePub and Kindle
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.
| Author | : |
| Publisher | : |
| Total Pages | : 339 |
| Release | : 2016 |
| Genre | : |
| ISBN | : 9789279637957 |
Download VAT Aspects of Cross-border E-commerce Book in PDF, ePub and Kindle
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').
| Author | : Dr Subhajit Basu |
| Publisher | : Ashgate Publishing, Ltd. |
| Total Pages | : 356 |
| Release | : 2013-01-28 |
| Genre | : Business & Economics |
| ISBN | : 1409493431 |
Download Global Perspectives on E-Commerce Taxation Law Book in PDF, ePub and Kindle
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.
