24/7 VAT News on www.vatupdate.com – This was in the news on August 25, 2023

Headlines August 25, 2023

• Meet the International VAT Association – IVA
• Croatia to Introduce E-Invoicing and CTC Reporting System
• What are the new VAT return reconciliation checks implemented in 2023 in Denmark?
• Deadline for reclaiming foreign VAT 2022 in the EU coming soon

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• VATupdate Newsletter Week 33 2023
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 33/2023
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • 947 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in July 2023
• July 2023 – VAT rate changes/updates/news in 45 countries

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• Meet the International VAT Association – IVA

BAHAMAS

• Deficit in ‘jeopardy’ on VAT under-Shoot

CAMBODIA

• Specific tax rates on locally produced non-alcoholic beverages

CROATIA

• Croatia to Introduce E-Invoicing and CTC Reporting System

DENMARK

• What are the new VAT return reconciliation checks implemented in 2023 in Denmark?

EUROPEAN UNION

• CESOP – An EU-Wide VAT Transactional Reporting Obligation for Payments
• Consultations open for amendments to VAT regulations for the Digital Age
• Deadline for reclaiming foreign VAT 2022 in the EU coming soon
• European member states ill-prepared for DAC7
• Implementing rules for transitional phase of EU’s carbon border adjustment mechanism adopted
• Navigating VAT in the Digital Age (ViDA) for E-commerce Sellers
• ViDA guide: Navigating the VAT in the Digital Age

EUROPEAN UNION/ITALY

• Medicines for human use – ECJ rules on the notion of “pharmaceutical company”

EUROPEAN UNION/UNITED KINGDOM

• Retained EU law bill becomes law: what’s the practical impact on employers/VAT?

GERMANY

• Alternative services of a gym during Corona lockdown subject to VAT?
• What is DSFinV-K?

GHANA

• GRA rakes in GH¢500 million from VAT Compliance Exercise

GUYANA

• Electronic Payment of Refunds of VAT and Other Taxes

INDIA

• GST: Someone charging GST illegally? Here’s where you can report it
• ITAT upholds VAT Remission Disallowance as Assessee Fails to raise Issue of Allowabiility of Subsidies under Chapter VI A
• National Judicial Data Grid : A database of orders, judgments and case details created as an online platform under the e-Courts Project
• VAT Exemption for Inter-State Goods Sale: Patna High Court Ruling

IRELAND

• VAT and Trade in Northern Ireland: Understanding the Windsor Framework

ISRAEL

• Israel introduces its Electronic Invoice Clearance Model

ITALY

• Are social networks free?
• Tax reform delegation – Pro-rata obligation is skipped
• White Paper: B2B e-Invoicing in Italy

JORDAN

• In Jordan The E-Invoicing System Dethrones Paper Invoices

KAZAKHSTAN

• Changes will be made to the Tax Application Forms

MALAYSIA

• E-Invoicing in Malaysia: Choosing the right integration model for your e-Invoice flow

NETHERLANDS

• Court of Appeal in The Hague: Supply of magic truffles is not subject to the reduced VAT rate
• Documents about default fines imposed on entrepreneurs for submitting VAT returns are public
• E-Commerce: Online Purchases as a VAT Entrepreneur, Don’t Miss out on VAT!
• Internet Consultation Tax Collection Act 2025
• Memorandum of Reply Bill CBAM to Senate
• Purchase-Construction Contract and VAT
• Substantial increase in fuel excise rates if policy remains unchanged
• Tax Authorities launch Website for Foundations and Associations

NIGERIA

• FG makes N2tn Taxes from Google, Facebook, Foreign Firms – Report

PHILIPPINES

• Direct and indirect tax incentives for natural gas projects

POLAND

• Cash Deposit System: a revolution for now
• Deposit System – Beverage Manufacturers will Pay VAT on Bottles out of their Own Pocket
• Ruling: WIS GOODS – disinfectant – 8% VAT rate
• Ruling: WIS GOODS – groceries, mix – CN 20 – 0% VAT rate
• Ruling: WIS GOODS – strogonow – CN 20 – 0% VAT rate
• Ruling: WIS SERVICE – building construction – PKWiU 2015 – 41 – 23% VAT rate
• Ruling: WIS SERVICE – construction of a sewage connection – PKWiU 2015 – 37 – 8% VAT rate
• Ruling: WIS SERVICE – construction of an accommodation building for inmates – PKWiU 2015 – 41 – 23% VAT rate
• Ruling: WIS TOWAR – agent improving soil properties – 8% VAT rate
• Ruling: WIS TOWAR – electricity with distribution service (comprehensive service) – CN 27 – 23% VAT rate
• Ruling: WIS TOWAR – liquid organic-mineral fertilizer – 8% VAT rate
• Ruling: WIS TOWAR – spray-dried chicken eggs – CN 04 – 0% VAT rate
• Ruling: WIS TOWAR – vegetable ready meal intended for consumption after heat treatment – CN 2106 – 8% VAT rate
• Ruling: WIS TOWAR – wafer with cream and filling, including pieces in milk chocolate – CN 19 – 0% VAT rate

ROMANIA

• B2B Electronic Invoicing Mandatory as of January 2024
• Proposal: 5% VAT does not disappear, high tax on luxury cars, excise tax on sugar products
• Romania – Proposed changes in VAT rate

SAUDI ARABIA

• Saudi Arabia announces eighth wave of Phase 2 e-invoicing integration
• Saudi Arabia Determines Criteria for Eighth Wave of the Integration Phase for the Country’s New E-Invoicing Requirements
• ZATCA releases Fatoora Documentary

SAUDI ARABIA/ UNITED ARAB EMIRATES

• KPMG Fakhro GCC Tax News – 24 August 2023

SOUTH AFRICA

• Value Added Tax (VAT) Guidelines: South Africa

SWAZILAND

New VAT Declaration Tool a Headache to Some

SWITZERLAND

• VAT Refund to Companies with their Domicile on Foreign Territory

UKRAINE

• Peculiarities of Accrual of Compensating Software with VAT after the Abolition of the Special Group of the EP
• Supply of Equipment on Renewable Energy Sources: What about VAT?

UNITED KINGDOM

• Medical Clinic Supplies Standard Rated for VAT

UNITED STATES

• Tennessee: Letter Ruling Says Nontaxable Services Provided through Digital Platform Remain Nontaxable

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on August 24, 2023
• Customs compliance tips: A brief guide to HS codes
• Knowledge Is Power: How Transparent Tax Systems Fuel a Thriving Organisation
• Managing e-invoicing requirements gets easier for Oracle ERP users
• Vertex Exchange 2023 – Orlando (October 22-25, 2023)
• What is electronic invoicing (e-invoicing)?

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