24/7 VAT News on www.vatupdate.com – This was in the news on July 8-9, 2023

Headlines July 8-9, 2023

• The European Parliament proposes potential delay to ViDA of up to 2 years
• Worldwide developments on VAT and Cryptocurrencies and NFT’s
• European Parliament Members Suggest More Than 300 Amendments to VAT in the Digital Age (ViDA) Proposals

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Timeline of E-Invoicing & E-Reporting mandates in the European Union

Worldwide VAT rate changes in the news May/June 2023

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ARUBA

• Parliament Approves Legislation on Border Indirect Tax Levy

AUSTRALIA

• Guidance on GST treatment of digital currency transactions

BOLIVIA

• Tax Administration Announces Deadline for Fifth Group of Taxpayers to Issue E-Invoices by 1 August 2023

BRAZIL

• Brazil VAT implementation passes Chamber of Deputies
• Brazil’s lower house approves ‘historic’ tax reform bill
• Brazil’s Lower House Approves First Tax Overhaul in Decades
• Chamber of Deputies Approves Tax Reform Involving Indirect Taxes
• Lower house approves ‘historic’ tax reform bill

CHILE

• Chile: Tax Authority provides clarity on taxation of digital currency transactions

DENMARK

• Deposits from Members of an Owners’ Association to A considered consideration for the provided VAT liability benefits
• Draft administrative guidance: Production levies charged by producers such as dairies and slaughterhouses must be included in the VAT base
• Section 12 of the VAT Act – Section 39 of the Customs Act – duty to pay import VAT of goods which had been evaded to Customs Supervisory

EUROPEAN UNION

• CESOP – An EU-wide VAT transactional reporting obligation for payments
• Comments on C-232/22: Fixed establishment: New ECJ decision brings clarity for tolling cases
• Comments on ECJ C-322/22: LegalNews asked Attorney Ine Lejeune for more information about the impact of this groundbreaking judgment
• EU Calls for Input on VAT Fraud-Busting Rule Upgrades
• European Parliament Members Suggest More Than 300 Amendments to VAT in the Digital Age (ViDA) Proposals
• The European Parliament proposes potential delay to ViDA of up to 2 years
• VAT rules on e-commerce: EU Commission outlook two years on
• VAT Challenges In The E-Mobility Industry

EUROPEAN UNION/FRANCE

• Flashback on ECJ cases C-208/91 (Beaulande / Directeur des services fiscaux de Nantes) – VAT Directive allows for a stamp duty charged on the acquisition of…

GERMANY

• Permanent reduction VAT rate for restaurant and catering services from 19% to 7% is no longer considered

GREECE

• “Electronic Invoicing in Greece: A Passage to Fiscal Modernity”
• Clarifications re penalties in audit cases for which methods of indirect determination of the taxable amount are applied

HUNGARY

• How will the e-receipts be provided in the future to customers in Hungarian fiscalization by the customer?

ICELAND

• Country fact sheets: eInvoicing in Iceland

INDIA

• 5 Major Developments in India
• 50th GST Council Meeting likely to Exempt Cancer Drugs from IGST
• GST Council meeting on July 11: Papad, kachri set to be exempted from GST, other things on agenda
• GST Council to tighten registration rules; physical verification to be mandatory in ‘high risk’ cases
• GST Network Comes Under PMLA
• Online Gaming: The Missing Role Of GST Council
• Representation for Extension of various GST Amnesty schemes under GST
• Sales tax on Warranty Replacements: A case of Double whammy?
• Taxpayer made to suffer due to a supplier’s error in GSTIN reporting

ITALY

• Ruling 371: Medical device consisting of equine collagen powder is subject to a reduced VAT rate of 10%
• Use of annual VAT credit or its refund through the F24 form is subject to the “visto di conformità” (compliance stamp)

JERSEY

• Jersey Introduces GST on Imported Goods

KENYA

• 5 Major Developments in Kenya

LIECHTENSTEIN

• Country fact sheets: eInvoicing in Liechtenstein

MAURITIUS

• Pre-Clearance Fiscal Electronic Invoices Phased Launch

NETHERLANDS

• Arnhem-Leeuwarden Court of Appeal: Violation of the defense principle of Union law. ‘Other outcome’ criterion not met. Deduction of input VAT on…
• Potential 2.4 million euros in VAT fraud
• Sugar tax on soft drinks more effective than reduction of VAT on fruit and vegetables
• Supreme Court: Intra-Community supplies to ‘missing traders’; refusal to deduct input tax; arguable point of view due to a preliminary question to the ECJ

NIGERIA

• Nigeria Guidelines on Guideline on Withholding and Self-Account of VAT
• The VAT Direct Initiative: Key Things To Know About the IRS – MATAN Partnership

NORWAY

• Tax administration clarifies taxation of digital currency mining
• Tax Agency Issues Ruling on VAT Registration and Taxation of Digital Currency Mining

PAKISTAN

• Consolidated text Sales Tax Act 1990, as of June 30, including amendments from 2023 Finance Act

PANAMA

• Surrender tax equipment to the general directorate of revenue to adopt the electronic invoicing system in Panama

PHILIPPINES

• Senate eyes VAT on digital service transactions
• VAT on digital services expected to raise billions for Manila govt
• VAT on digital services to yield P97B

POLAND

• Determining sanctions in VAT

SAUDI ARABIA

• Amendments to KSA VAT implementing regulations

SLOVAKIA

• Further postponement of the B2G/G2G e-invoicing mandate

SPAIN

• Country fact sheets: eInvoicing in Spain
• Comments on Draft Spanish e-invoicing regulation
• Edicom Webinar – Spain: Do you want to know what the technical regulation entails? (Sept 19)

TAIWAN

• Guidance: Definition of the portion of magazines exempt from business tax under Article 8

TURKEY

• Decree Amending the Decree on Determination of Value Added Tax Rates Applicable to Goods and Services
• Turkey – VAT rates increased
• Turkey raises VAT 2% to 20% July 2023

UKRAINE

• 5 Major Developments in Ukraine
• Exemption from VAT taxation operations on import into the customs territory of Ukraine imported by economic entities for use in their own production…
• Guidance re rewards (bonus) to buyers
• The buyer refuses to receive the goods: what about VAT?

UNITED STATES

• Alabama sales tax on food is being lowered
• More States consider sales tax exemptions for precious metals as Mississippi law takes effect

UZBEKISTAN

• How low-income citizens can get 12% off their purchases of meat, eggs and butter

VIETNAM

• Guidance necessary for the new VAT plan
• Vietnam Introduces a Reduced VAT Rate from 1 July 2023

WORLD

• Event: E-Invoicing Exchange Summit Dublin – October 2-4, 2023
• Webinar – Recorded session – The Future of Compliance: Simplify E-Invoicing Compliance Complexity With a Universal Solution
• Worldwide developments on VAT and Cryptocurrencies and NFT’s

ZIMBABWE

• Zimbabwe Tax Authority’s official announcement regarding the new fiscalization system

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