The Indian government is now working on putting cryptocurrency transactions under the GST legislation as a further step.
For B2C transactions including “gig” and “sharing marketplace” activities, the Australian Treasury sets reporting requirements.
The European Commission has a public consultation with the endeavor to standardized electronic VAT invoicing for Intra-EU transactions
Canada is one of those countries that has high potential for tax revenue from transactions like e-commerce through online or direct services.
The “VAT eCommerce Package,” for B2C transactions, includes a couple of amendments to the European Union VAT.
Ariba is a procurement tool widely used for indirect purchases. OneSource tax engine will be responsible for calculating indirect taxes and integrated into Ariba Solution.
Sarus has partnered with Avalara, which is one of fast and upcoming tax engine. Sarus is now equipped with yet another advanced tax software tool