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Canada GST/VAT 2

Press release 7

Product Update 6

US Sales Tax 14

Sales Tax on Property and Equipment Rentals

Sales tax is a fee added to the price of goods and services at the time of purchase. While typically applied to retail items, it c...

E-invoicing in Saudi Arabia

Introduction What is E-invoicing in Saudi Arabia? Electronic invoicing (e-invoicing) is the process of creating, issuing, and stor...

Differences between Sales Tax and VAT

In the US, sales tax and VAT (value added tax) have a few key differences that can cause confusion for international companies ent...

General sales tax registration and collection requirements in the US

Marketplace Approaches to Sales Tax: A Comparative Analysis One of the most significant trends in US state sales tax laws is the e...

Lovat Newsletter – December 2024

Season's Greetings and a Happy New Year! 🎄 As we wrap up 2024, we want to thank you for being part of the Lovat community. Wishing...

7 things about EU VAT scheme for small businesses

Starting January 1, 2025, the European Union is introducing a new VAT scheme for small businesses. This scheme is designed to simp...

VAT treatment in the transfer of companies in the EU

Business Transfer Situations: TOGC and VAT Implications A business transfer situation arises, for example, when an Amazon account ...

What is a VAT number?

VAT – Value-added tax is a consumption tax charged on the value added of goods and services as they move through the supply chain...

Analysis of Digital Services Tax (DST) in Tanzania

The global landscape of Digital Services Tax (DST) systems showcases the varied approaches governments have adopted to address rev...

Lovat Newsletter – February 2024

Software update The invoice feature is now available We are excited to announce that we have added a new function to our Lovat sof...

Lovat Newsletter – May 2023

This message includes information on important tax return deadlines for monthly and quarterly reporting, as well as resources on ...

Lovat Newsletter – July 2024

E-invoicing In August 2024, Lovat is going to launch a new e-invoicing feature for France. Please read more about the timeline for...

Lovat Newsletter – July 2023

July 31st Deadline: Submit Your EPR Plan for France You must submit a 5-year plan for waste prevention and eco-design by July 31st...

Lovat Newsletter – January 2024

3 EPR reporting deadlines in France Jan 30, 2024 This is the deadline for reporting on the collection and recycling of toys. Ja...

Lovat Newsletter – January 2023

The most interesting this month: In France, the list of products covered by the EPR has expanded, while Lovat wins the Winter 2023...

Lovat Newsletter – February 2023

The most interesting this month: Lovat was ranked second in “10 Best E-commerce Sales Tax Software For 2023” by Finn Bartram, Edit...

Lovat Newsletter – December 2022

The most interesting this month: in Europe, the laws on waste handling and taxation of digital platforms have been updated, and al...

Lovat Newsletter – December 2023

Don’t miss the EPR reporting dates. They are very soon Lots of sellers and manufacturers have already got their first EPR ...

Lovat Newsletter – August 2023

Extended Deadlines and Updates France: The 5-year EPR Waste Prevention and Eco-Design plan in France has had its deadlines extende...

Lovat Newsletter – April 2024

For merchants New EPR rules in the US 14 US states considered draft EPR laws in the past year. Most will create producer responsib...

Lovat Newsletter – April 2023

The most interesting this month: Transition to a new version of the user account, 9 requirements for non-EU companies to obtain an...

Lovat Newsletter – November 2024

Upcoming GPSR deadline: Is your product ready for the EU? The General Product Safety Regulation (GPSR) introduces stricter require...

Key features and exemptions of clothing sales taxation in the US

When selling clothing and accessories in the U.S., businesses need to be aware of sales tax regulations and registration requireme...

Sales tax license: What is it and does your business need one?

In many states, sales tax registration includes obtaining a sales tax license. This document represents authorization to collect s...

Importing goods into the European Union (EU): basic requirements for VAT declaration

A company that imports goods for commercial purposes can deduct Import VAT on its VAT declaration. In order to do so, it is necess...

Marketplace reporting obligations – USA

Platforms facilitating sales of goods or services in the US market need to send every year an information report about income sell...

August 2021 Product Updates

See the summary of changes that were held below: Fixes EU distant sales threshold has been in force since 1 July 2021. The new th...

Lovat to join Singapore Techscaler programme

October 15, 2024, Edinburgh — Lovat, a leader in innovative tax management solutions for e-commerce, is excited to announce its pa...

Lovat Newsletter – June 2023

Welcome to the latest edition of our newsletter, where we bring you the most exciting updates, essential information, and insightf...

Lovat Newsletter – June 2024

New Labeling Rules in France This update informs about new regulations in France requiring the Triman symbol and recycling instruc...

Lovat Newsletter – March 2023

The most interesting this month: The emergence of a new tool for European VAT number checks, an update to the Magento integration,...

Lovat Newsletter – March 2024

News North Macedonia: Starting from January 1, 2024, the North Macedonian Ministry of Finance now imposes a VAT of 18% on digital ...

Lovat Newsletter – May 2024

Currency choice for tax return Now you can effortlessly select the convenient currency for your tax returns on the Lovat platform....

Lovat Newsletter – November 2022

The most interesting this month: the presentation of a new service from Lovat and the release of the affiliate program for our par...

Lovat Newsletter – November 2023

VAT and GST rate changes in 2024 From January 2024, there will be several changes to VAT and GST rates in different countries. Her...

Lovat Newsletter – October 2023

Lovat Mobile App: Tax Returns on the Go Lovat, the universal solution for VAT, sales tax, and EPR, is now available on mobile! Tha...

Lovat Newsletter – September 2023

15% – new VAT rate on Fiji As of August 1, 2023, Fiji experienced a standard VAT rate increase from 9% to 15%. This change affecte...

How to check if a business is a VAT registered

For B2B cross-border sales in the European Union, it is important to understand if your buyer is registered for VAT. It is import...

Physical nexus for Amazon sellers

Storing goods across various states through FBA can complicate sales tax obligations for Amazon sellers. This article explores the...

September 2021 Product Update

Welcome back to our product updates blog! Here’s a rundown of the new features and tools you can now take advantage of. New featur...

New Lovat Partner Platform: Simplified Compliance and Growth for Partners

Lovat, a leading provider of tax compliance solutions, has revamped its Lovat Partner program, offering partners easier access to ...

Lovat launches integration with Xero

Edinburgh, June 11, 2024 – Lovat, a leading provider of automated tax compliance solutions, today announced a strategic integratio...

Lovat Introduces DAC7 Reporting for Online Marketplaces

Lovat Empowers Marketplaces with Automated DAC7 Reporting, Simplifying EU Compliance Edinburgh, May 02, 2024 – Lovat, today announ...

Lovat Integration with Stripe

Edinburgh, July 02, 2024 – Lovat, a pioneer in online tax compliance solutions, has unveiled its strategic integration with Stripe...

Lovat AI for extraction of tax data

Edinburgh, June 04, 2024 –Lovat, a leading innovator in e-commerce solutions for tax compliance, today announced significant advan...

June 2023 Product Update

LOVAT’s Enhanced Integration with PayPal We’re thrilled to announce an update to LOVAT’s integration with PayPal, implemented in J...

June 2021 Product Updates

See the summary of changes that were held below: Fixes We have updated The German year 2020 VAT return with Corona non – standar...

July 2021 Product Updates

See the summary of changes that were held below: Fixes New Europe distant sales thresholds are available since 1. July 2021. Old ...

Lovat launches new multi-currency support to make tax filing

Edinburgh, May 24, 2024 – Lovat, a leading provider of tax filing software for e-commerce businesses, today announced the launch o...

July 2023 Product Update

We are excited to announce that we have updated our product in July 2023 with some new features and improvements. Here are some of...

EPR thresholds by country

As waste directives came into force in Europe countries implemented local legislation for regulating waste turnover. This mainly c...

EPR Packaging Thresholds

This table provides an overview of all the thresholds by country that require companies to register for the EPR Packaging rules. I...

EPR in France (toys)

Who is considered by law to be a producer and/or marketer of toys? Are considered as producer and/or marketer of toys, “all natur...

Packaging labeling requirements in Spain

Why is it necessary to label goods with a recycling symbol? Correctly sorting packaging waste in the home is crucial for recycling...

EPR in France (Textiles)

According to Article L541-10 of the French Circular Economy Law, you are considered a producer if you are generating waste in Fran...

Canada Marketplace facilitator tax rules

Canada implemented marketplace legislation on the Federal level and on the provincial level. Canada consists of several provinces ...

2024 sales tax holidays

Sales Tax Holidays 2024 in the USA In 2024, sales tax holidays remain a popular way for U.S. states to offer temporary tax relief ...

States with no sales tax: What you need to know

The sales tax affects different aspects of the United States economy. The amount of sales tax affects price formation, dictating b...

What are the different types of 1099 forms? Why would you need them?

The IRS uses a series of forms known as 1099s to report various income types not received through traditional employment. These fo...

Basic rules about EU VAT for e-commerce sellers

If you’re an e-commerce seller and you’re confused about your VAT obligations in Europe, don’t worry. Here’s what you need to know...

The VAT threshold for micro-enterprise in the EU

Changes to the European Union (EU) VAT rules were introduced in 2019. There is a registration threshold of 10,000 Euro for supplie...

Pricing strategy – consider the factor of VAT

The difference in VAT rates between nations is one of the most significant things you should consider when you expand your busines...

6 critical mistakes in VAT calculation on cross-border sales

62 countries around the world use the VAT destination principle for e-commerce companies. Such companies must pay VAT\GST\IVA in e...

5 tips for expanding your digital business to new market

There are few things to consider before you expand into the overseas market. Here are some tips for preparation and internal evalu...

The guideline for VAT compliance

Since 2015, countries have applied new rules for e-commerce and transborder trade, and those who trade online are obligated to pay...

10 tips for e-commerce – trading between the UK and the EU after Brexit

As the transition period for Brexit ended on 31st December 2020. Here are some tips for you to take into account: For companies lo...

How will the changes of 2021 affect Marketplaces?

There are two main stages of the 2021 Online Marketplace (OMP) changes: The first one – 1 st of January 2021 – is the end of the...

Guide for importing of goods to the UK from 2021

As you already know, big changes await e-commerce businesses that plan to work in the UK. The first thing is Customs. To be able t...

New UK rules for marketplace sellers

From 1st January, tax rules for Amazon sellers who are not established in the UK change. Online marketplaces will collect and remi...

New EU rules for e-commerce merchants in 2021

Four main changes will come into force in July 2021: The first one concerns the new OSS system – where a merchant can do VAT repor...

VAT in Northern Ireland, Isle of Man, Jersey, and Guernsey

There are 4 regions connected with the UK but VAT rules differ in all of them. Northern Ireland is a part of the UK but fo...

3 new types of one stop shop VAT registrations in Europe

There are three new types of registration in the EU: Union OSS Non-union OSS IOSS The schemes are optional. You are not obliged ...

Import with IOSS number, customs formalities

When a company receives an IOSS number it is only the first step to avoid a delay at the EU border. It is not enough to fill inter...

Canada new GST rules for marketplaces

That seems that 2021 is to be remembered by online marketplaces. More and more countries introduce new tax rules for OMPs. And Can...

6 new VAT laws to ensure compliance in 2021

Marketplaces become deemed suppliers when facilitating sales in the EU, UK, Canada, New Zealand, US, Norway. EU: Distance sales th...

To invoice or not to invoice that is the question

From 1st of July, new VAT changes came into force in the EU. These Reforms changed the VAT compliance profile for all e-commerce s...

One-Stop Shop – EU VAT changes for e-sellers

General overview Distance sales threshold was replaced by EU-wide 10K threshold for digital services and goods. That means that in...

Retrospective tax registration

Why you may need retrospective tax registration? Sometimes sales start expanding to new markets. Especially with these remote time...

US Sales tax basics for sellers who want to sell to the US

The first thing you need to realize is that in terms of consumption taxes, the US states differ significantly from state to state....

US sales tax rules for online marketplaces. Who pays the tax?

The United States is one of those countries that have rules under which marketplaces are responsible for paying taxes on goods and...

Extended Producer Responsibility (EPR): new european obligations for e-commerce sellers who pack orders

The new type of reporting was introduced for online sellers who sell their products B2C. Packaging report – is the report about vo...

Deemed supply invoices

When online marketplaces act as deemed suppliers of goods a situation arises when it is necessary to issue invoices from a merchan...

Import to the UK and postpone import VAT

When you want to import to the UK you don’t need to pay VAT at customs and then refund it. There is a possibility to account for i...

NFT sales, summary of global tax treatment

This article is about NFTs, which are the most common today – when an NFT is a digital code that grants the owner access to a digi...

Margin scheme for VAT on second-hand goods

The second-hand margin scheme is one of the VAT’s accounting schemes made available to help businesses in the UK, EU, and other co...

EPR in France (Sport and leisure goods)

On February 12, 2022, the decree of January 31, 2022, was published approving an eco-organization of the sector with extended resp...

Sales tax fundamentals for e-commerce sellers

This article is for those who are new to sales tax, here we will explain in simple words how it works. You started your online sho...

EPR Packaging Germany

Europe and the UK are gradually tightening their EPR compliance, registration, and reporting requirements. In 2022, we observed Ge...

Origin-based vs. destination-based sales tax rates: understanding the impact on businesses and consumers

Are you aware of the differences between origin-based and destination-basedsales tax rates? These two types of sales tax rates sig...

9 requirements for non-EU companies for obtaining a VAT number in the EU

You’ve considered expanding your business into the European Union (EU) for some time. After extensive research, you realize that o...

EIN number for non-US businesses

If you’re wondering what an EIN is, it’s a unique nine-digit number issued by the Internal Revenue Service (IRS) that serves as a ...

EPR Sweden

Update on EPR regulation in Sweden: Packaging Producer Responsibilities and Compliance Guidelines for 2023 It is important to note...

VAT reverse charge mechanism cases for sellers and buyers

A reverse charge for sellers 1 Supply between EU member states (EU-EU) Reverse charge is a special scheme when a buyer calculate...

EPR packaging obligation in Austria: registration & reporting

New EPR obligation in Austria for packaging recycling The new Austrian packaging ordinance, which came into force on January 1, 20...

EPR packaging obligation in the Netherlands

In the Netherlands, both producers and importers are responsible for the waste from packaging materials, brought on the market. Th...

Important updates on EPR in the Netherlands (Textiles)

Presently, the Netherlands lacks specific regulations pertaining to extended producer responsibility (EPR) for textiles. However, ...

Excisable goods

The procedure for collecting excise duty in the European Union has its own characteristics and rules. To successfully conduct busi...

Extended Producer Responsibility (EPR) in Hungary

In Hungary, the Extended Producer Responsibility (EPR) mechanism will make producers and manufacturers responsible for the waste m...

Spain: Extended Producer Responsibility (EPR)

On March 31, 2022, the Spanish Parliament subsequently approved the new waste law which explains how producers ought to take finan...

Learn how to get your VAT refund

The issue of VAT refund may come up when non-EU companies import goods to the EU and sell them via Marketplace. It arises because ...

VAT number reactivation. Step by step

A VAT number is a unique identification number used for tax purposes and is only issued to companies and individuals that are regi...

8 questions about resale certificate

Resale certificates let sellers buy goods from producers or wholesalers without sales tax. Typically, they buy goods for further r...

VAT deregistration

VAT is an important aspect of a business. However, there are instances where businesses find it necessary to deactivate their VAT ...

DAC7 – UK rules explained

The first reporting period for Platform operators in the UK is the year 2024. UK introduced DAC7 reporting one year later than EU ...

DAC7 – the new type of registration for online marketplaces

DAC7 reporting deadlines postponed Some countries have announced extensions for the first reporting deadline, which was originally...

Understanding Autopilot mode vs. Autosubmit service

Lovat simplifies tax management for sellers, but you might come across terms like “autopilot” and “auto-submit” and wonder what th...

Extended producer responsibility in United States

Over the past year, extended product responsibility has become a frequent topic of discussion in government agencies in many US st...

B2B Digital sales in the USA: Sales and Use Tax Perspective

Sales tax There’s no state in the US where B2B digital sales are categorically exempt from sales tax. B2B sales of digital product...

5 things to know for a transit from one tax service to another

Sometimes you need to change one tax reporting provider to another. You may be dissatisfied with the quality of services or the su...

New rules on packaging labeling in France

In 2015, France implemented regulations for using the Triman mark «sign that indicates that the packaging should be recycled and i...

Backdate VAT registration and where is it possible?

VAT registration is an essential aspect of any business that conducts commercial activities. One interesting and often misundersto...

EU VAT in the Digital Age Reform

The European Union introduced a big reform on digitalization of VAT across the EU. The main aim of this reform is to have all VAT ...

6 main requirements to be ready for GPSR

EU introduced new safety requirements for all non-food products placed in the European Market. This will influence all e-commerce ...

New EPR Obligations for Online Platforms in Austria

Austria has implemented new Extended Producer Responsibility (EPR) obligations for online platforms and their partners who sell in...

Reverse charge invoice for a buyer: 4 steps to be compliant

This article is for a business that receives an invoice with the note “reverse charge”. Because in such a situation obligation to ...

Topics

Canada GST/VAT 2

Press release 7

Product Update 6

US Sales Tax 14

Top Posts

How to check if a business is a VAT registered

EU VAT UK VAT VAT

Key features and exemptions of clothing sales taxation in the US

US Sales Tax

September 2021 Product Update

Product Update

What is a VAT number?

EU VAT UK VAT VAT

Differences between Sales Tax and VAT

EU VAT US Sales Tax VAT

See all (5)

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