THE concept of Third Party Invoicing is widely recognized in domestic as well as international trade.It involves a bill-to-ship-to model between 3 parties. Equally popular is the concept of trade between countries which are signatories to a Free Trade Agreement. It results in the trade of goods between countries at preferential tariff rates

ALTHOUGH nothing new or revolutionary, some further developments have recently taken place in the area of taxation of the digital economy. The EU has been working on this for some time now and has come up with a plan. Interestingly, the document has been leaked and is now openly available in the public