Below you will find all items we published in the past week.
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WORLD & TECHNOLOGY
- E-invoicing mandated for all Commonwealth agencies
- Industry Stakeholders Invited to Review Global Interoperability Framework (GIF) Document
- Thesis: EU guidance on Customs valuation
- Top 10 Most viewed articles on www.vatupdate.com Sept 2020 & in 2020 year-to-date
- Switzerland strengthens fintech and blockchain sector
- VAT declaration with registers JPK-V7M (VDEK) unlock partial generation possibility in Dynamics 365 Finance
- SAP eInvoice: How to capture Freight charges as a separate line item
- SAP eInvoice: QR Code FAQs
- VAT Talks – Fabiola Annacondia
EUROPE
- Belgium and Digital Taxation—Where do we Stand?
- Circular temporary VAT reduction in the catering sector published
- From garage to apartment at 6% VAT
- New VAT circular on vouchers
- Implementing Directive: List of goods subject to the new reverse-charge mechanism
- Reverse-charge applicable on B2B supplies on local B2B supplies of electronic equipment as of Oct 1, 2020
- Implementation of Digital Services Tax as of Jan 1, 2021?
- Implementation of the Quick Fixes as of Sept 1, 2020
- Notice for taxable persons wishing to claim a VAT refund for 2019 from other Member States
- Pilot with general domestic reverse charge, aimed at reducing VAT fraud, delayed again
- The general reverse-charge is being postponed
- VAT payers are entitled to higher interest due to lengthy reviews of excessive deductions
- Composite Supplies: Some Reflections Regarding the Fundamental Identification of Single Supplies
- ECJ – C-331/19 (Staatssecretaris van Financiën vs X) – Judgment – Definition of term ‘foodstuffs for human consumption’
- ECJ C-396/20 (CHEP Equipment Pooling vs. HU): Questions
- ECJ C-398/20 (ELVOSPOL vs. CZ) Questions: Bad debts, is vendor required to correct the output VAT?
- ECJ C-501/19 (UCMR – ADA) – AG Opinion – Collective management of copyright on musical works
- ECJ C-837/19 – Super Bock Bebidas vs. PT – Order – Input VAT deduction rules prior to accession to the EU
- ECJ Case C-405/19 (Vos Aannemingen Bvba) – Judgement – VAT exemption immovable property; Input VAT deduction
- ECJ: Value of software supplied free of charge by the buyer to be included in the customs value
- Flashback on ECJ Cases – C-276/16 (Prequ’ Italia Srl) – No violation of EU law by imposing attacks without hearing
- How far does the obligation to investigate under European VAT rules extend? The Dong Yang Case Explained
- Recent decisions of the ECJ on assists to be included in the customs value
- Customs Union: New Action Plan to further support EU customs in their vital role of protecting EU revenues, prosperity and security
- EC: Taking the Customs Union to the Next Level: a Plan for Action (draft skeleton)
- European Commission postpones the VAT e-commerce rules until 1 July 2021
- European Commission published the Explanatory Notes on the VAT ecommerce package
- Modernizing VAT for cross-border e-commerce
- New EU Guidance on Customs Valuation
- Poland & Germany: Countries sign agreement combating VAT fraud
- Preliminary questions to the Supreme Court on deduction of input tax in case of difficulties relating to evidence
- Prepare for Brexit: VAT, import tax and EORI numbers
- Prosecutors sworn in European VAT fraud
- Review of the proposal for plastic tax, environmental-related measures
- The start of a new month …. significant changes/requirements per Oct 1, 2020 in Poland, Greece….
- Withdrawal Agreement: European Commission sends letter of formal notice to the United Kingdom for breach of its obligations
- First application in France of the ECJ’s Mercedes Benz Financial Services UK case law
- The generalization of electronic invoicing in France from 2023, under what conditions?
- Brexit: Applying VAT to electronically supplied services
- Digital VAT package and distance sales proposals; other VAT developments
- Double Taxation as of 1 July 2021 due to the VAT e-commerce package?
- German Annual Tax Act 2020 – Digital VAT package
- Input VAT deduction in the case of import VAT
- The concept of a fixed establishment in VAT law BFH, ruling of 29 April 2020 – XI R 3/18
- VAT rate reduction and single- purpose vouchers
- Grace period for Hungary real-time invoice reporting announced
- Information on how the tax residence certificate is issued
- Real-time invoice reporting of VAT; “grace period” until 31 March 2021
- Role of the ”Large Taxpayers Tax and Customs Directorate”
- VAT liabilities of foreign marketers in Hungary
- Isle of Man Extending Reduced VAT Rate in Line with UK Winter Economy Plan
- Isle of Man to mirror UK VAT changes – VAT rate reduced to 5% applicable to hospitality, accommodation and attractions extended until 31…
- Clarification 416: E-Commerce – storage and telematic transmission of payments
- Deadline for adhering to online service to download electronic invoices extended till Feb 28, 2021
- Italy’s digital services tax still needs practical guidance
- Malta’s VAT gap is sixth-highest in EU
- Proposal for to authorize Malta to continue the registration threshold of 20k EUR until end of 2024
- According to AG, Referral Court must investigate whether VAT exemption applies to investor giro
- AG of the Supreme Court: management of individual assets via investment profiles is subject to VAT
- Brexit: Apply for a permit (Article 23 DB) to defer import VAT payment before October 15
- Deceased partner must pay outstanding VAT
- Exempt hiring or a different taxable supply: An important distinction
- Export declaration – exporter does not have to be established in the Union (update)
- Former partner liable for VAT debt of general partnership
- Greater clarity on the VAT position of members of Supervisory Boards
- Possibilities for VAT deduction for costs of unoccupied buildings
- Requirement to be established in the EU to act as exporter for customs purposes set at Oct 1, 2020
- Standard VAT rate for conducting/organizing choirs on project basis
- Tax authorities want a longer period for granting a VAT identification number
- Tax authorities want longer period for granting VAT identification number
- VAT earthquake strikes Dutch CLOs: implications for the markets
- VAT exemption for asset management services (pending before Supreme Court)
- VNO-NCW: Tax authorities bring companies on uneven playing field with e-commerce
- Binding VAT rates: 13K applications but WIS does not solve all problems
- Effects in VAT and PIT of documenting the purchase with a fiscal receipt
- How to prepare for the new JPK_VAT? Q&A
- Implementation of the Quick Fixes, VAT rate matrix, Whitelist changes per July 1, 2020 explained
- Medical device donation at a preferential rate until the epidemic is canceled
- New JPK_VAT with a declaration for all entrepreneurs
- Senate against postponement of return of VAT rates to the level of 22 and 7 percent
- Supreme Administrative Court: Regular deliveries as a continuous sale
- The notification about the possibility of receiving the e-order does not mean its delivery
- VAT declaration with registers JPK-V7M (VDEK) unlock partial generation possibility in Dynamics 365 Finance
- White List – new rules after 1 July 2020
- Zdzisław Modzelewski: I can only see disadvantages in the new JPK
- Amendment to the VAT rate applicable to supplies of electricity
- Consumers will recover part of the VAT on purchases in tourism, catering, culture and transport
- VAT rate for electricity lowered to 13% upon consumption thresholds
- VAT rate on supplies of electricity amended
- Proposed changes in VAT taxation to be effective from 2021
- The Slovak branches and VAT deductions arising from purchased services
- Financial transactions: Pro-rata calculation
- Spanish criterion regarding the verification of VAT credits corresponding to statute barred fiscal years
- Anti-fraud domestic reverse charge on electronics per 1 January 2021
- Clarification: In the event of cancellation or cancellation, the parties can not agree that the tax base shall remain unchanged
- Clarification: Mediation when renting out temporary housing
- Clarification: No requirement for physical return of the product upon return of goods
- HFD denies VAT deduction on renovation work when changing tenants
- Mediation of services in one’s own or in someone else’s name, VAT
- New VAT guidelines (one for goods/one for services) from the Swedish Tax agency regarding the central but unclear concept of…
- Who is the seller when mediating in someone else’s name?
- 25 years of Swiss VAT – What a journey! Part 3: If Switzerland was in the EU…
- New case-law on TP poses a challenge for Swiss VAT
- Switzerland strengthens fintech and blockchain sector
- Customs Regulation Amendment Turkey
- Turkey increases special consumption tax rates on passenger cars
- CII income in the form of royalties
- Consequences of VAT on the sale of waste paper: clarification from the State Tax Service
- How to get overpaid VAT refund?
- Updated Procedure for installment payment of VAT upon import of equipment
- VAT payer mobilized to the Armed Forces of Ukraine: can we count on exemption from reporting?
- Alternative dispute resolution (ADR) in tax disputes
- Brexit – Applying VAT to electronically supplied services
- Brexit update: UK proposes the Internal market bill
- Brexit where are we now? – Talks are continued on the Free Trade Agreement between UK and EU
- Changes from 2021 announced including withdrawal of the VAT Retail Export Scheme
- COVID-19: Repayment of deferred VAT Payments can be made in 11 smaller interest-free payments during the 2021-22 financial year
- Drafting financial services contracts after changes to UK VAT for terminations
- End of VAT refunds would deter Chinese UK visitors
- Extension of reduced rate for hospitality and tourism
- Free parking for electric cars and VAT cut considered to drive up sale of green vehicles
- HMRC clarifies its position on digital advertising
- HMRC Guidance: Help and support if your business trades with the EU
- HMRC has updated VAT Notice 700/11: cancelling your VAT registration
- HMRC on Winter economy plan – Tax measures factsheet
- How to use the VAT reverse charge if you supply building and construction services
- Letters to businesses in Northern Ireland about new processes for moving goods from 1 January 2021
- List of customs agents and fast parcel operators
- New HMRC guidance for opticians and hearing aid dispensers
- Online trading with the UK after Brexit
- Pay VAT when you sell digital services to EU consumers from 1 January 2021
- Support service for Northern Ireland trade goes live
- TOMS VAT scheme fuels Brexit uncertainty
- Transfer of a business offshore sanctioned to avoid irrecoverable VAT
MIDDLE EAST
- Update on proposed introduction of a VAT regime – VAT as a subsidy tool for medium and low-income taxpayers?
- Update on proposed VAT measures
- Applicability of TOGC on Real Estate transactions – Circular issued by GAZT in English version
- Saudi Arabia on its way to e-invoicing regulation
- Saudi Customs launches new procedures for individual importers of tobacco products
- Saudi government expects inflation to hit 3.7% after VAT hike
- Saudi VAT hike: Real-estate demand affected; prices could surge
AFRICA
AMERICAS
- B.C. Liberals promise to eliminate the PST for one year
- COVID-19: British Columbia is to offer Provincial Sales Tax temporary refunds on certain plant and equipment
- GST/HST and QST alert: Investment plans are required to obtain investor percentages
- Digital Services that Will Pay VAT from October was Reduced
- Update on VAT and cross-border digital services
- E-invoicing obligation for more than 20 thousand taxpayers
- Recent VAT changes in 2020 – Changes related to recovery of input tax credits
- Broadening digital VAT’s scope to include acting as an intermediary between third parties to sell used property
- Reform initiative to reduce VAT refund timing
- Relief from payments of tax relating to public performances (Mexico City)
- Are online classes subject to sales tax?
- More remote sellers and marketplaces to collect Tennessee sales tax starting October 1
- Sales and Use Tax and Value Added Tax pitfalls for e-commerce businesses
- Sales and use tax obligations of online travel company (Arkansas) and of software service provider (Colorado)
- Top 3 Things New Business Owners Need to Know About Sales Tax
- What businesses need to know about sales tax, consumer use tax and seller use tax
ASIA-PACIFIC
- China cuts VAT for second batch of anti-cancer, rare diseases drugs
- Fapiao system explained as China introduces B2B e-invoicing
- Ningbo Launches Pilot Program of Electronic Special VAT Invoice
- 28% GST Payable on Supply of Air Conditioners with Installation Services
- A Critical study of issues involved in Accounting for GST & Reversal of GST u/s 16(2) of GST Act on non-payment of invoice within 180 days
- A guide to GST in India
- A to Z of E-Invoicing Under GST- Detailed Analysis
- A2ZTaxCorp’s Weekly GST Communique dated September 28, 2020
- AAAR: Prize money received from horse-race clubs not liable to GST
- Businesses not ready with GST e-invoicing get 30-day grace period
- CBDT issues Guidelines for TDS on Payment by E-Commerce Operator
- CBIC defers facility of Dynamic QR Code on B2C invoices to 1st December
- CBIC extends the due date for furnishing Annual Return in GSTR-9 and GSTR-9C for F.Y 2018-19 from 30.09.2020 to 31.10.2020
- CBIC issued press release on One time relaxation in implementation of E-Invoice Provisions for the month of October, 2020
- CBIC released updated CGST Act, 2017 upto September 30, 2020
- CBIC: Implementation of requirement of Dynamic QR Code on B2C invoices deferred to December 01, 2020
- Changes in E-Way Bill System After E-Invoicing
- Changes to the Proposed E-Invoicing System
- Differences on GST may trigger dispute resolution mechanism
- E-invoice & Solutions from Our Ecosystem
- E-Invoicing Eligibility
- E-Submission & e-Hearing in MVAT Assessment Proceedings
- Gaming zone operated in mall premises attracts 28% GST
- Government extends due date for GSTR-9 and GSTR 9C till October 31
- Govt to impose 5% customs duty on open cell television panel imports from October 1
- Govt waives penalties on e-invoices issued during Oct if cos get reference numbers within 30 days
- GST e-invoicing: Gradual roll-out will ease the pain
- GST Guide for Contractors – VAT rate applicable
- GST On Remuneration Paid To Directors – A Brief Understanding
- GST on Sale/transfer/disposal of Capital Goods – A new pandora box under GST!
- GST registration mandatory for person authorized to supply only under the brand name of another taxable person
- GSTIN Search By PAN
- GSTN CEO: GST e-invoicing to start from Oct 1, 2020 as planned
- In a situation where Tax Exemption has to be interpreted, the benefit of doubt should go in favour of the revenue: Delhi HC
- India delays 42nd GST Council meeting to October 5th. What does that mean for the October 1st Indian mandate?
- India Delays B2C Requirements from 1 October Go-Live
- India Inc frets over supply mismatches due to launch of e-invoicing in Oct
- Madras HC ruling: E-commerce – refunds paid on service inputs can be restricted,
- No Penalty for Not Generation of E-way Bill – Section 129
- Place of supply of goods and services | Section 11-12 | IGST Act 2017
- Power of States for Levy and Collection of GST
- Prize money received from horse-race clubs not liable to GST
- Recent Updates in GST till 24th September 2020
- SAP eInvoice: How to capture Freight charges as a separate line item
- SAP eInvoice: QR Code FAQs
- Services provided for conducting examination not to attract GST, says Karnataka AAR
- Tax Deduction at Source under GST- An Additional Nuisance
- Treatment of Credit Notes for TCS on Sale of Goods u/s 206C(1H)
- Valuation Under GST – Section 15 – CGST Act, 2017
- What is e-Invoice in GST?
- Whether Refund of Excess Payment of GST is Admissible where GST Collected & Paid at Higher Rate
- Who Should Issue an e-Invoice in GST?
- Zero-Rated Supplies in GST