Tax Bites Podcast – Future-proofing your statutory reporting function (Part 3)
Future-proofing your statutory reporting function: how to accommodate compliant local statutory ledgers in your Business ERP? In this third episode of our mini series we look at the ideal end state – dual ledger accounting. How do you ensure you meet the local statutory and tax requirements while reaping the benefits of centralization and standardization
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 2)
Future-proofing your statutory reporting function: how to improve your statutory financials production by solving your data challenges In this second episode of our mini series we first dive deeper into the types of STAT data as well as GAAP to STAT differences and how to accommodate for these in the most preferred way. Then we
Tax Bites Podcast: Future-proofing your statutory reporting function (Part 1)
This episode is the first in a series where we will explore the topic of future-proofing the statutory reporting function and the close link to tax. We start with setting the scene, why it’s such a hot topic today. We touch upon what that future-proof model could look like as well as the framework to
The EU Deforestation Regulation – it’s official! A Paradigm Shift for Sustainable Procurement and the Customs Organization
Global forests, as carbon sinks, play an important role in mitigating climate change by absorbing and storing greenhouse gases. The EU is a major consumer and trader of commodities that play an important role on deforestation and forest degradation, risking also their ecosystems worldwidely. To address these matters the EU has now taken a significant
Proposal published for a European Union Customs Reform: A new central EU Customs authority with a data-driven vision for a simpler, smarter and safer Customs Union
Today, 17 May 2023, the European Commission published its long awaited proposals for a complete overhaul of the European Union customs environment. As they write in their press release, it is the most ambitious and comprehensive reform of the EU Customs Union since its establishment in 1968. With these proposals the European Commission would like
VAT & Digital Services: European Commission on NFTs and Implications from OnlyFans EUCJ Case
VAT Treatment of NFTs: The European Commission has published Working Paper 1060, offering initial insights into the VAT treatment of non-fungible tokens (NFTs). The document aims to collect input from Member States to establish a consensus on NFTs’ VAT treatment. It emphasizes the complexity of NFTs, highlighting the following points: NFT VAT treatment necessitates case-by-case
European Commission temporarily relaxes State Aid measures in support of the Green Deal Industrial Plan
The European Commission has approved new measures via the Temporary Crisis and Transition Framework (TCTF) in support of the transition towards a net-zero economy. The Commission’s goal is to speed up investment and financing for clean tech production within the Union which, in turn, supports the European Green Deal as well as delivering on specific
New legal framework for excise and general arrangements – Council Directive 2020/262
A new legal framework for excise and general arrangements has been introduced by the Council Directive 2020/262, repealing the previous Directive 2008/118/EEC, which will be in effect as of the 13th of February 2023 with transitional provisions applicable until end 2023. What is new? Introduction of duty paid licenses Two new excise operator roles will
