Posts about “Press Release”

25% of global VAT/GST to come from digital economy by 2020

Thu, Nov 3, 2016
Killorglin, Ireland – Taxamo, market leader in the provision of digital tax solutions introduces Taxamo Assure: a new service removing the VAT/GST burden for digital businesses. The global economy is forecast to be worth over $98tn by 2020 and research from Accenture has indicated that the digital economy will make up over $24tn of this. Tax authorities around the world are waking up to the potential black hole in VAT receipts this represents by introducing rules to tax cross border digital sales.

Marc O'Brien joins Taxamo as Chief Commercial Officer

Mon, Jul 4, 2016
Taxamo is delighted to announce that Marc O’Brien joined as Chief Commercial Officer on 1 July 2016. Marc will lead the commercial strategy for engagement with partners and enterprise clients. He will also lead the creation of a global sales organisation to support sales rollout to the million plus digital goods businesses across 40 countries in 2016 and circa 100 countries in 2017. Previously Marc has held a series of executive roles including Managing Director of Visa UK where he was responsible for strategic management of Visa’s business the second largest market for Visa globally after US, as well as Ireland and Global Clients.

Taxamo springs into action to support South African VAT

Thu, Nov 5, 2015
Digital tax compliance solution for domestic and international VAT on e-services. Global digital tax solution provider Taxamo, has further expanded its offering to digital service merchants by releasing support for both domestic and international South African VAT. Support for South Africa follows recent announcements by Taxamo to expand support for digital service merchants, wherever they sell. Taxamo’s solution already supports EU VAT in 28 European Union Member States, U.S. Sales & Use Tax, and Japanese Consumption Tax.

Taxamo’s expansion continues to the U.S. & Japan

Wed, Oct 7, 2015
New product features offer a single integration for international digital tax compliance. Co. Kerry, Ireland: October 7, 2015 – Delivering on its promise to support digital merchants wherever they sell, Taxamo, a global digital tax solution, has expanded its flagship support for EU VAT and launched support for U.S. Sales Tax & Japanese Consumption Tax (JCT). Tax on digital sales was introduced in some U.S. States as far back as 2003 and on October 1, 2015, Japan became the 36th country to introduce new ‘place of supply’ tax rules.

Japan joins 35 countries that have introduced ‘place of consumption’ tax on digital services

Tue, Sep 29, 2015
Tuesday, September 29 – Ireland: In less than 48 hours, Japan will become the 36th country to introduce new ‘place of supply’ tax rules on digital service sales or ‘digital downloads’. These new consumption-based tax rules will apply to cross-border digital services provided by overseas businesses to the Japanese market. To illustrate the evolution of international digital taxation, Taxamo, a digital tax compliance solution, have released an infographic highlighting the timeline of significant events.

New digital tax rules will fail without better communication

Thu, Aug 13, 2015
White paper proposes a more practical approach to communicating with digital merchants. A lack of transparency and poor communication in the introduction of new digital tax rules in Europe resulted in a lack of awareness and significant resistance from small-to-medium (SME) sized online merchants. Although these digital tax changes had been agreed since 2008, many merchants were left in the dark as the January 1 deadline approached. In an effort to avoid this situation in other tax jurisdictions, digital tax experts Taxamo have released a White Paper written exclusively for tax authorities that have, or soon plan to implement taxation based on the place of consumption of digital services.

BitTorrent selects Taxamo for digital tax compliance

Wed, Aug 5, 2015
Content delivery technology relies on top performing, scalable tax solution.* Internet technology company, BitTorrent who create advanced, innovative technologies to efficiently move large files across the Internet, have selected Taxamo’s SaaS-based EU VAT solution to process digital tax compliance with new EU VAT rules on the sale of e-services and digital goods. More than 170 million people use BitTorrent products every month and its protocols move as much as 40% of the world’s Internet traffic on a daily basis.

Braintree announce partnership with Taxamo

Wed, Dec 24, 2014
Simple, powerful solution covers transactions from Braintree and PayPal for 2015 EU VAT. December 24, 2014 – Dublin, Ireland – Braintree, a PayPal company, today announced that they have selected Taxamo to provide customers with a comprehensive technical solution to process the requirements of the 2015 EU VAT rules. As a result of this partnership, Taxamo’s EU VAT compliance solution will be offered to Braintree clients in an integration that will cover transactions from both Braintree and PayPal via Braintree.

WooCommerce announces plugin for Taxamo

Mon, Dec 22, 2014
Taxamo’s integration with WooCommerce enables full compliance with 2015 EU VAT rules for digital sellers. WooCommerce, the world’s most popular e-commerce platform, today announced an integration with global digital tax experts, Taxamo. Taxamo offer an end-to-end solution for compliance with new 2015 EU VAT rules on the sale of e-services and digital goods. The integrated WooCommerce Taxamo plugin enables any e-commerce business to quickly adjust their website to enable full compliance by allowing them to:

EU VAT changes: Businesses search for answers

Mon, Dec 8, 2014
As HMRC emphasises that the law expects e-commerce platforms to take responsibility, even major players like PayPal, eBay and Etsy are failing to fully explain how they will enable businesses to comply with January’s EU wide VAT changes. 8 thDecember 2014: Cork, Ireland – Speaking in a webinar, hosted by on-line VAT compliance specialists Taxamo, HMRC emphasised that they expect e-commerce platforms; payment service providers, web stores and online marketplaces; to manage the technical aspects of VAT accounting for their merchants, when the EU VAT changes for electronic services become law.

Thousands of SMEs caught in digital VAT net

Tue, Sep 16, 2014
New EU VAT rules hit previously exempt UK businesses. Major VAT rule changes impacting how tens of thousands of UK e-service providers do business in the EU are less than four months away, yet the majority of those affected are unprepared and may be at risk of heavy non-compliance penalties. Technology provider Taxamo, who offer software that helps companies navigate and process the new rules, say that e-service merchants, many of whom are small-to-medium sized businesses and were previously small enough to be exempt from UK VAT rules, are ill-equipped to deal with the significant obligations that come with the 2015 rules changes.