VATupdate.com Daily Newsletter – October 18, 2023

Headlines October 18. 2023

• France – Breaking: Proposed timetable E-Invoicing mandate – Sept 1, 2026 (Large/Mid & Receive) – Sept 1, 2027 (SME’s)
• Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
• Council of the EU Adopts DAC8 Directive on New Transparency Rules Concerning Crypto-Assets and Advance Rulings for High-Net-Worth Individuals
• Germany – Clarifications shared by the Ministry of Finance on B2B e-invoicing plans

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• VATupdate Newsletter Week 41 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 41/2023
  • 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 – 1 Judgment, 1 AG Opinion, 1 Hearing announced till November 9, 2023
  • 971 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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ARMENIA/ BELARUS/ KAZAKHSTAN/ KYRGYZSTAN/ RUSSIA/ UZBEKISTAN

• Eurasian Economic Union Publishes List of Digital Services for VAT Purposes

BELGIUM

• Postponement for Submitting VAT Return but not for Payment

BOSNIA AND HERZEGOVINA

• Legal Obligations and Penalties for Retailers Regarding Keeping certain Records in the Republic of Srpska

BRAZIL

• Sefaz Maranhão announces CT-e 4.0 becoming effective from January 2024

CHILE

• Dividend, Capital Gains not Subject to VAT; Other Direct and Indirect Tax Developments

CONGO

• Congo Seeking VAT From Upstream Oil Industry

ESTONIA

• Estonia takes Steps towards Mandatory E-Invoicing

ECJ

• Agenda of the ECJ VAT cases – 1 Judgment, 1 Hearing announced till November 16, 2023
• Comments on ECJ C-250/21: VAT exemption for financial services based on the sub-participation agreement

EUROPEAN UNION

• Council of the EU Adopts DAC8 Directive on New Transparency Rules Concerning Crypto-Assets and Advance Rulings for High-Net-Worth Individuals
• EU DAC8 Adopted – Crypto Assets tax Reporting Harmonisation Jan 2026
• European Commission Work Programme 2024
• European Council Adopts DAC8 Directive
• How to Identify Potential VAT Reclaim Opportunities
• Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
• Vertex Webinar – Recorded session – Are you prepared for ViDA?

FRANCE

• Breaking: Proposed timetable E-Invoicing mandate – Sept 1, 2026 (Large/Mid & Receive) – Sept 1, 2027 (SME’s)
• New timeline proposed for French e-invoicing mandate

GERMANY

• Clarifications shared by the Ministry of Finance on B2B e-invoicing plans

INDIA

• GSTN issues Advisory on Mandatory Registration and Returns of Person supplying of Online Money Gaming services or OIDAR or Both
• India arms of 1,000 MNCs asked to pay GST on expat salaries, allowances

IRELAND

• Calls to Reintroduce 9% VAT Rate
• Ireland Declares Open Discussion on VAT Invoicing and Reporting Systems
• Public Consultation on VAT Modernization

ITALY

• Italy delays contested taxes on plastic, sweetened drinks until mid-2024

IVORY COAST

• Simplified VAT Compliance Mechanism for Nonresident Digital Service Providers

KENYA

• Foreign Digital Service Suppliers on KRA Radar

MALTA

• Malta Chamber calls for Tax-Exempt Subsidies, warns Against ‘Suicidal’ Wage Hikes

NETHERLANDS

• Cabinet asks House of Representatives to Plan for Excise Duty on E-Cigarette
• Indication on purchasing declaration ‘Margin scheme!’ too brief for application of margin scheme
• The House of Representatives wants to get rid of taxes on disposable plastic

NIGERIA

• Nigerian Tax Agency, FIRS To Embark On Nationwide VAT Compliance Exercise, Review Companies, Others’ Records

PERU

• Peru Introduces Income Tax Exemption for Copyright Royalties, Extends VAT Exemption for Import of Books

POLAND

• Are Dance Classes Exempt from VAT?
• Disputed cancellation of a VAT payer without notice or decision
• Disputed Removal of a Taxable Person for VAT without Notice or Decision
• Do I have to Pay VAT in Unregistered Business?
• The Chances of Companies Recovering Overstated VAT on Receipts are Increasing
• The popularity of e-receipts is slowly growing, but for now there are no cash registers

ROMANIA

• Fiscal-budgetary measures are constitutional. CCR rejected the notification on the draft law / The new taxes can enter into force

SAINT LUCIA

• Saint Lucia Implements Health And Security Levy In Full

SIERRA LEONE

• Sierra Leone GST on Non-Resident Digital Services

SPAIN

• Canary Islands: Reduced VAT Rates on Face Masks and Gloves Expires September 30, 2023

TOGO

• Amending Finance Law 2023: Togo Exempts Importation of New Electric Motorcycles from Customs Duties and Value Added Tax

TUNISIA

• Finance Bill 2024 Plans to Reduce VAT, Road tax and Registration Fees for Electric Cars

UNITED KINGDOM

• Revenue and Customs Brief 7 (2023): change to the VAT treatment of drugs and medicines supplied under patient group directions
• Target Group Ltd – Supreme Court Judgment – whether loan administration services exempt – no – taxpayer loss
• Tax News in Brief
• UK Supreme Court Clarifies VAT Rules For Loan Administration Services
• UK VAT Split Payments Foreign E-Commerce Fraud Pilot

UNITED STATES

• Rules to Update Export Controls on Advanced Computing Semiconductors, Semiconductor Manufacturing Equipment, Supercomputing Applications
• South Carolina: Additional Items Now Subject to Maximum Tax
• Tennessee Enacts Permanent Exemption on Firearm Safety Items

VIETNAM

• 2% VAT Reduction and the Story of Stimulating the Economy

WORLD

• 5 Best Practices to Optimise VAT Reporting
• IBFD International VAT Monitor – Recent articles
• VATupdate.com Daily Newsletter – October 17, 2023
• Vertex webinar – Recorded session – Demystifying eInvoicing – stay ahead of the new mandates

ZAMBIA

• Electronic invoicing system plan for 2024

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