VATupdate.com Daily Newsletter – October 4, 2023

Headlines October 4, 2023

• Agenda of the ECJ VAT cases – 4 Judgments, 1 AG Opinion, 2 Hearings announced till October 26, 2023
• IBFD – EU VAT Compass 2023/2024 – A ”must have” for VAT professionals
• Greece to Cut VAT Gap with MyDATA E-Invoicing, Pre-Filled VAT Returns
• Malaysia Issues New Guidelines for E-Invoicing Requirements
• Portugal – SAF-T Billling due on the monthly basis by the 5th day of the month as of 2024
• Portugal – What changes in Portugal on Jan 1, 2024?

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• VATupdate Newsletter Week 39 2023
• Global changes in the Indirect Tax landscape per October 1, 2023 – An Overview
• E-Invoicing
  • E-Invoicing & E-Reporting developments 
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 38/2023
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in September 2023
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • Agenda of the ECJ VAT cases – 4 AG Opinions, 2 Hearings announced till October 12, 2023
  • 947 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in September 2023
• VAT Rates
  • September 2023 – VAT rate changes/updates/news
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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AUSTRALIA

• Australia Federal Court Denies GST-Free Treatment for Frozen Vegetables and Grains

BELGIUM

• Changes to the Intrastat filing process as of Jan 1, 2024
• Is ‘influencing’ a VAT activity?

BULGARIA

• Bulgaria to Implement SAF-T for Electronic Tax Data Exchange with VAT Authorities

EGYPT

• Compulsory Registration of Branches with the Egyptian Tax Authority

EUROPEAN UNION

• Agenda of the ECJ VAT cases – 4 Judgments, 1 AG Opinion, 2 Hearings announced till October 26, 2023

EUROPEAN UNION

• Comments on ECJ C-461/21: ECJ on proof of VAT exemption for transport services
• EU Launches Carbon Border Adjustment Mechanism
• IBFD – EU VAT Compass 2023/2024 – A ”must have” for VAT professionals

EUROPEAN UNION/ GERMANY

• Germany’s ECJ Ruling on Proof of VAT Exemption for Transport Services in the EU

EUROPEAN UNION/ HUNGARY

• EU initiates Infringement Procedure against Hungary

GERMANY

• Extension of Non-Objection Regulation for VAT Rate on Deliveries of Wood Chips
• Germany’s Federal Fiscal Court clarifies business expense deductions for guesthouses

GREECE

• Greece to Cut VAT Gap with MyDATA E-Invoicing, Pre-Filled VAT Returns
• Reducing VAT Gap in Greece Could Generate Additional 2 Billion Euros Annually
• Reduction of VAT to 13% for products mainly or exclusively used for agriculture, livestock farming, or forestry
• Temporary Extension of VAT Zero Rate for Drugs and Medicines under Patient Group Directions in Greece

INDIA

• 52nd GST Council Meeting: Council Likely to Review Progress in Implementation of States’ SGST Amendments
• GST Council likely to consider ‘Zero Tax’ on Millet Mix in Meeting
• GSTN Advisory: E-Invoice JSON download Functionality is Live on GST e-Invoice Portal
• Kerala High Court Upholds Sales Tax Department’s Right to Withhold Liquor Sales Over 1.86 Crore Tax Arrears under KGST Act: Dismisses Writ Petition

ITALY

• Late receipt of invoices puts VAT deduction at risk in Italy

KAZAKHSTAN

• The Mechanism of Support of the Taxpayer throughout the Life Cycle of its Activities is Planned to be Introduced by the SRC

MALAYSIA

• Malaysia Adds To E-Invoicing Regime Guidance
• Malaysia could halve fiscal deficit with implementation of GST, says MARC
• Malaysia Issues New Guidelines for E-Invoicing Requirements
• Malaysia’s New Guideline (Version 2.0)

NETHERLANDS

• Correcting an incorrect VAT refund decision does not lead to full reimbursement of legal costs
• Ignoring or not ignoring vacancy for VAT?

NIGERIA

• Nigeria Temporarily Waives VAT on Diesel

POLAND

• CBAM mechanism: competent national authorities, import formalities, CBAM Transitional Register
• Companies may have problems with verifying purchase invoices in KSeF
• Deposit of the prosumer does not affect the due or charged VAT in Poland
• Tax limits in 2024 will be lower

PORTUGAL

• Extension of Reduced VAT Rates for Essential Food Products in Portugal
• SAF-T Billling due on the monthly basis by the 5th day of the month as of 2024
• What changes in Portugal on Jan 1, 2024?

SAUDI ARABIA

• ZATCA Seeks Public Input on Bonded Zones Rules in Saudi Arabia

SPAIN

• E-Invoice Regulation in Spain: Will the Tax Administration Perform certain Certifications for Private Platforms?
• Transnational Criminal Network Dismantled for €17 Million VAT Fraud in High-End Car Market

SRI LANKA

• Sri Lanka aims to Streamline Tax Structure, Boost Collections

SWITZERLAND

• New VAT Deduction Opportunities for Public Bodies in Switzerland: Court Decisions Clarify Subsidy Definition

TAIWAN

• Over 26.33 Billion NTD in Prizes Awarded for Cloud and Electronic Invoices in Taiwan

TRINIDAD AND TOBAGO

• Government Considers VAT Exemption for Energy Sector to Reduce Refund Bill

UNITED KINGDOM

• HMRC Guidance: Register for VAT by post
• HMRC to Remove Paper Form for VAT Registration

UNITED STATES

• Closing the US State Sales Tax Gap: Lessons from Overseas Digital Invoicing Systems
• Ohio Sales Tax Updates: Exemptions for Baby Products Effective October 1, 2023
• Recent Changes and Updates in Sales Tax in the United States
• Skagway, Alaska Approves 2023 Local Sales Tax Holiday
• Texas Comptroller Imposes 130% Sales Tax on Marketplace Providers, Sparking Controversy and Legal Battle
• Understanding Sales Tax on Services in Maine: Exceptions and Service Provider Tax
• Unlocking VAT Recovery: Maximizing Savings for US Businesses Expanding Overseas

UZBEKISTAN

• Uzbekistan Provides Customs Duty and VAT Exemption on the Import of Certain New Technological Equipment not Produced in Uzbekistan

WORLD

• VATupdate.com Daily Newsletter – October 3, 2023
• Vertex Exchange 2023 – Orlando (October 22-25, 2023)
• Zambia Releases 2024 Budget

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