Here are the major changes in the VAT/GST world per July 1, 2021

European Union

• Implementation of the EU VAT E-Commerce Directive
  • EU VAT and B2C E-Commerce: Overview of the changes on 1 July 2021 – Consolidated version
  • Click HERE for all newitems on this major change in the EU VAT landscape
• Application For Refund Of VAT 13th Directive – Deadline 30 June 2021

VAT Rate changes

• End of the reduced VAT rate on COVID-19 protection meterial in Austria, Czech Republic, Guyana, Slovakia,
• Lithuania: 9% reduced VAT rate for catering, culture, and sports sectors from July 2021
• Uruguay: End of the reduced rate on Certain activities/operations in relation to tourism, including restaurant services, car rentals, and leasing of real estate for tourist purpose

Albania

• E-invoices should be issued and received for non-cash B2B and should follow the fiscalization procedure

Belgium

• End of temporary lowering of the statutory interest rates for VAT and VAT payment deferral on July 1, 2021

Botswana

• Tax amnesty to apply as from 1 July 2021

Canada

• New Rules for Digital Service Providers Starting July 2021
• Reminder, financial institutions’ annual GST/HST and QST returns due 30 June 2021

Egypt

• As of July 2021, all public sector companies, economic authorities and state services will also have to comply with the e-invoice mandate

Germany

• VAT record keeping and joint and several liability for operators of electronic interfaces as of July 1, 2021

Greece

• QR Code and upgrading cash registers

Hungary

• “Green tax” on plastic shopping bags set to increase 1 July 2021
• Hungarian tax administration will prepare draft VAT returns for Hungarian taxpayers from 1 July 2021

Italy

• Prefilled (draft) VAT returns for transactions starting from 1 July 2021 (on pilot basis)

Malta

• Explanatory note on the Increase of Threshold for Small Traders as of July 1, 2021

Portugal

• PDF’s not longer accepted as valid invoices – See Link
• 1st July 2021: The electronic sending of invoices to public clients now also applies to small & medium-sized enterprises (SMEs)

Russia

• Russia Introduces Mandatory E-Invoicing From 1 July 2021 (for taxpayers trading goods subject to the traceability system) – All newsitems in E-Invoicing in Russia

Saudi Arabia

• End of the Transitional Period for VAT rate increase
• End of Penalty waiver for late-filed tax returns, late tax payments

Switzerland

• Reclaim your Swiss VAT – deadline is June 30, 2021

Turkey

• B2G E-Invoicing: All public and private institutions that have an agreement with the SGK public healthcare system must declare e-Fatura and e-Archive invoices to the TRA
• B2B E-Invoicing: All companies without the obligation to register in the TRA must declare all invoices with a value of 5000 TL or with a daily invoice volume above 30 000 TL a day using the e-Arsiv format.

United Kingdom

• Eventual Payment of deferred VAT by 30 June 2021