Invoices in formats such as PDF or XML or other electronic formats are treated equally to invoices in paper format. Of course, the overriding principle in relation to each VAT invoice is the need to ...

While the United States imposes a retail sales tax, many countries across the globe impose a value-added tax. VAT is similar to the retail sales tax, but it is imposed at every stage of the production ...

The Inland Revenue Department (IRD) has said the implementation of the new tax invoice format and specifications for Value Added Tax (VAT) registered persons has been deferred to 1 April 2026. ..

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. The European Union is undergoing a major shift in how it ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Germany's mandatory e-invoicing system will be implemented in ...