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

Headlines July 24, 2023

• VATupdate Newsletter Week 29 2023
• ECJ C-107/23 (PPU) – Judgement – Obligation to combat VAT fraud affecting the Union’s financial interests
• Germany – Invoices in electronic form from January 1, 2026?

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• Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
• 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

• Aruba Extends Free Zone Legislation to Boost Economic Competitiveness
• Potential impact of the impending turnover tax on imports

BOSNIA AND HERZEGOVINA

• Instructions for Submitting VAT Returns by Using Qualified E-Certificates

CHINA

• China slaps consumption tax on fuel blending components
• Integrated circuit enterprises may be eligible for super input VAT credit

CZECH REPUBLIC

• VAT reduced rates proposed to be consolidated, resulting in some reclassifications

DENMARK

• Interest charged on corrections to VAT returns as from 1 July 2023

ECJ

• ECJ C-107/23 (PPU) – Judgement – Obligation to combat VAT fraud affecting the Union’s financial interests

EUROPEAN UNION

• EP fine-tunes its opinion on the VAT in the digital age package
• Proposed EU Customs reform includes VAT changes

FRANCE

• Plan to strengthen transfer pricing audits and combat public finance fraud

GERMANY

• Invoices in electronic form from January 1, 2026?
• Plastic packaging tax enacted

INDIA

• GST Guide for Businesses with Customers in India
• GSTN issued Important advisory on e-Invoice exemption declaration functionality now available

ITALY

• For import VAT, the obligation to confiscate goods must be evaluated
• Recovery of mistakenly paid VAT in Italy instead of the destination country for distance sales within the EU
• Ruling 392/2023: Deduction of VAT paid for the purchase of a property for residential use, intended for holiday home
• Tax authorities reverse position on VAT treatment of branch transactions

JAPAN

• Relief measures proposed for tax-exempt businesses under JCT invoicing system

JERSEY

• Thousands sign petition to axe island’s online tax

LITHUANIA

• Extenion of reduced VAT rate for food services

MALAYSIA

• Deferral of the imposition of Sales Tax on Low-Value Goods (LVG)
• Proposal for introduction of a Luxury Goods Tax (LGT)
• Re-introduction of Special Voluntary Disclosure Program (SVDP 2.0) for indirect taxes

NETHERLANDS

• Court Zeeland-West-Brabant decides that 3-year “KOR” period does not violate the principle of proportionality
• Customer’s identity required to apply reverse charge
• Offering perfumes via Bol.com is supply of goods and not a brokerage service

POLAND

• Issuing an invoice and (!) a receipt
• VAT is payable on compensation for cheaper electricity

ROMANIA

• Romania further Rise in Restaurant, Cinema and Cultural VAT to 19%

RUSSIA

• Planned to expand the list of children’s goods subject to VAT at a reduced rate
• VAT exemption for builders in the field of individual housing construction

RWANDA

• MPs Propose ‘Adequate’ VAT Reward to Consumers as Law is Passed

SLOVAKIA

• E-invoicing for B2G and G2G transactions

SPAIN

• Deduction of VAT paid by a taxable subject on supplies, such as water, electricity, or gas, to a property partially used for their economic activity
• Draft regulations issued on mandatory B2B e-invoicing
• Financial services now excluded from application of use and enjoyment rule

SRI LANKA

• Sri Lanka missed its tax revenue target in 2022

SURINAME

• Suriname Extends Import Duty Exemption for Business Assets

TAIWAN

• Taiwan Notice on Proper Invoicing for Different Types of Internet Transactions

TURKEY

• Turkey hikes special consumption tax on alcohol products by 1543 percent in 13 years

UGANDA

• URA Collects Shs15b Taxes in Lira City

UKRAINE

• Exemption from VAT of operations for the supply of construction and installation works for the construction of affordable housing by subcontractors

UNITED ARAB EMIRATES

• Federal Tax Authority signs Government Services Quality Charter

UNITED KINGDOM

• HMRC to tackle backlog of unanswered correspondence
• Intermediaries and VAT – What it means for you
• UK Policy Paper on Reporting Rules for Digital Platforms
• UT: Hotel La Tour Ltd – sale of shares – proceeds of sale used to fund taxable activities
• VAT and Serviced Accommodation Provision – Sonder Europe Ltd – it’s a TOMS Supply
• VAT recovery on cars

UNITED STATES

• Preparing for sales tax audits five years after Wayfair

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on July 22 & 23, 2023
• E-Invoicing Glossary – All Terms You Must Know
• VATupdate Newsletter Week 29 2023

ZIMBABWE

• VAT, customs duty suspended on basic commodities

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