Blogs

A Practical Guide to Reducing Your VAT Costs Value added tax is the world’s leading consumption tax and affects an enormous range of transactions. If your company operates in a country with a VAT system, you must charge, collect, and account for VAT correctly. The good news is that in many situations you can reclaim […]

New VAT Rules for Virtual Events Starting January 1, 2025 (EU) As more services go digital, VAT rules are being updated to reflect how virtual events are treated for tax purposes. Importantly, the EU has clarified where VAT must be charged for virtual events that are streamed live. In this article: What’s Changing? How VAT […]

VAT Is Coming to the Gulf Countries and May Be Recoverable Faced with falling oil revenues and rising public spending, the Gulf Cooperation Council decided to introduce value added tax across its six member states: Saudi Arabia, Bahrain, the United Arab Emirates, Kuwait, Oman and Qatar. In this article: What Businesses Need to Know​ Recovering […]

The Risks of Not Complying with VAT Rules Tax authorities take value-added tax (VAT) compliance very seriously, whether errors are accidental or intentional. Since VAT is one of the most widespread indirect taxes and a key revenue source for governments, getting it wrong can be costly and disruptive. In this article: Main Risks of VAT […]

What Is an IOSS Number and Why Is it Important? An IOSS number can make shipping to EU countries simpler, faster and more cost-effective. The Import One Stop Shop (IOSS) is also an excellent way to manage VAT on your European e-commerce sales. If you’re unsure whether IOSS applies to your business model, you can […]

VAT in the Hospitality Industry: Rates and Rules for Food, Drinks, and Services A Complete Guide to VAT Rates and Rules in the Hospitality Industry The hospitality industry is dynamic, catering to diverse needs ranging from fine dining and hotel stays to event catering and leisure activities. However, managing VAT on hospitality expenses can […]

Foreign GST/HST reclaim opportunity in Canada The reclaim opportunity in Canada If you’re a business owner frequently incurring expenses in Canada, you may be eligible for significant reclaim opportunities. How? Like most countries, Canada charges a consumption tax on most goods and services. This tax is referred to as either Goods and Services Tax (GST) […]

Claiming VAT in the Construction Industry Understanding How VAT Works in the Construction Industry For many construction businesses, VAT accounts for up to 30–40% of all cash flowing through the company. So naturally, it is widely considered a significant source of additional revenue. However, the impact of successful VAT recovery is often significantly undervalued due […]