Monthly Archives: December 2016

Standard Audit File for Tax Purposes in OECD format

Creating XML SAF-T Structures directly in SAP ECC. SNI SAF-T is a SAP add-on that runs over SAP ECC, is compatible with OECD standard and covers the steps of creation of necessary structures in XML format including E-submission with signature … Continue reading

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Brexit – The benefits of a SAP add-on

Although the EU VAT regime will remain in place until negotiations between the UK and the EU will be concluded, it is most likely that new UK VAT legislation will come into force in the spring of 2019. It seems … Continue reading

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Italy new – submit quarterly data: ‘VAT invoices’ and ‘VAT calculations’

Quarterly informative report VAT invoices data Starting from 1 January 2017 a new informative report of VAT data related to AP and AR invoices, including related credit and debit notes and customs bills, has to be filed by taxpayers on … Continue reading

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Poland – create automatically the VAT SmartPdf file from SAP

Companies selling across European Union borders have to submit EC Sales List (ESL). This should contain the details of sales or transfers of goods and services to other VAT registered companies in other EU countries summarized per VAT registration number. … Continue reading

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Spain – submitting close to real time data to tax authorities

In Spain a new VAT reporting system “Suministro Inmediato de Información” (SII) will enter into force on the 1st of July 2017 that will impact approximately 62,000 companies. These companies have to submit electronically to the Spanish tax authorities data … Continue reading

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UAE firms face hiring crunch as VAT implementation nears

Dubai: With the forthcoming implementation of value-added tax (VAT) in the UAE and across the region, companies are going to face a huge talent crunch next year, according to recruitment specialists.Businesses in the UAE are gearing up for the collection … Continue reading

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Modernising VAT for cross border e-Commerce

The European Commission released legislative proposals to remove VAT obstacles for e-commerce to realize fair competition between traditional business and e-commerce. The Commission has proposed practical new measures to support the digital economy when it comes to VAT compliance, which … Continue reading

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