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Albania Rolling Out E-Invoicing System To Ensure Tax Compliance

PYMNTS

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116
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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

PYMNTS

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. That means they must navigate tax collection nuances. Wayfair, Inc. ,

Taxes 100
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Brazilian Retailer Magazine Luiza To Compete With Amazon

PYMNTS

Brazilian retailer Magazine Luiza has announced that it will be selling books online, which could be picked up in one of its almost 1,000 stores. After two of the country’s biggest booksellers — Saraiva Livreiros SA and Livraria Cultura — filed for bankruptcy protection last year, Magazine Luiza saw room in the market.

Retail 108
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Today In Data: Digital Disbursements In Unexpected Markets

PYMNTS

Digital disbursements are appearing in unexpected markets , such as sports betting platforms and boatsharing sites. taxpayers who received federal tax refunds via direct deposit as of May 2018. billion: The gross bookings of Uber in the fourth quarter of 2018. million: The number of U.S.

Data 109
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Retailers Find New Innovation Fuel Against Amazon

PYMNTS

No, that doesn’t mean that PYMNTS takes sides in the struggle for retail supremacy, but only that we like to note when someone or some organization mounts a challenge to the eCommerce and logistical behemoth. High-End Retail. The battle for Amazon retail supremacy also involves pets. Retail Challenge.

Retail 125
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Retail Sales Mark Comeback, Rising 1.6 Pct In March  

PYMNTS

Spring has sprung, as March marched to the best showing of monthly retail sales data in a year and a half. percent), total core retail sales were up 90 basis points. Online and mail order retail sales were up 1.2 Through the past year, retail spending is up 3.6 The latest showing is well above the 1.1

Retail 106
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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 Kraken allows trading on margin, “but order books are thin,” he said.

Bitcoin 123