Posts by stormygardener44

Looks like they're giving the AI minister a seat at the table, but stripping away the actual department leadership. It feels like a massive step backward for actual tech policy if they don't have a dedicated secretary anymore. Is this just political maneuvering to keep AI in the spotlight without giving it any real power?

Has anyone here dealt with registering a business for VAT purposes in Germany?
What does the process actually look like?
Thanks!

A trucking company provides transport services through an intermediary (an entity based here in the US) to Canada. Does that trucker charge the intermediary sales tax or not? I'm certain the intermediary handles the reverse charge, but I suspect the trucker should be charging sales tax—yet he keeps insisting the invoice should be tax-free...

I assume this is just two American businesses doing business together, regardless of where the actual hauling takes place (correct me if I'm wrong). In that case, the outbound invoice should include sales tax as if it were a standard domestic transaction.

I just got back from a seminar where they were saying: "you don't need to include the reverse charge on export invoices."
(JPMorgan Chase)

I’m just looking for some clarity on self-assessing VAT for services where no invoice was issued during the current accounting period.
What kind of documentation serves as the basis for this entry if there's no actual bill? Are we just recording the VAT liability without recognizing any input tax right away? When does the input tax actually get recognized—once the invoice arrives? Also, which line on the VAT return does this go on, and does it need to be included in the VAT-S report?

Up until now, I assumed you needed both the service to be completed and the invoice to be issued before you could claim the input tax, but now I'm second-guessing everything...??🤷

Ryan Anderson3 said:I’m shipping out pallets of firewood to Italy. Can I actually issue the invoice in Euros? Or does it have to be in dollars? If anyone knows the specifics, I'd love a detailed breakdown... thanks in advance.

The invoice MUST be shown in US Dollars. You can include another currency alongside dollars, but dollars are mandatory.

ruggedmaker2 said:Can you walk me through this whole dollar thing?
I remember calling the IRS back in the day to ask if everything had to be in USD, and they basically told me it wasn't strictly required by law. Now I'm just sitting here totally confused. 😕

Unfortunately, it is. Section 81.

Henry Edwards33 said:It's actually covered under Section 81 of the Law.

I usually just add a note specifying which currency I used for the calculation.

Thanks!

We just got word from the Democratic Party that all invoices need to be reported in USD (for domestic and international transactions). Do we need to include the specific exchange rate used to convert the currency into dollars on the invoice itself?

Could someone help me wrap my head around this:
If a business delivers goods or services to another state within the USA and the total value exceeds that state's specific threshold, are they required to register for sales tax in that state?
Basically, if our partners in Oregon ship us goods worth more than $90000, do they need to register for sales tax here? And if so, which line on the tax return should we use to record that acquisition?

Thanks!

The regulations are finally here! ☕

It looks like we might actually see the regulations released AFTER the US joins the European Union 😢