Headlines October 25. 2023
- Upcoming VAT rate changes in Asia Pacific and Europe
- Croatia – Another step toward mandatory e-invoicing with derogation request
- Denmark – The current timeline of the Danish digital bookkeeping mandate
- German Bundesrat calls for 2-year e-invoicing delay
- VATupdate Newsletter Week 42 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 42/2023
- 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
- VAT Rates
ASIA PACIFIC/EUROPE
ASIA PACIFIC/EUROPEAN UNION
AUSTRALIA
AZERBAIJAN
BELARUS
BELARUS/ KAZAKHSTAN/ RUSSIA
BELGIUM
- Belgian FAQ on DAC 7 Obligations of Digital Platform Operators
- Navigating DAC7 in Belgium: Comprehensive FAQ document published by Belgian tax authorities for digital platforms
CROATIA
CZECH REPUBLIC
- Consolidation of Reduced VAT Rates in Approved by Lower Parliament
- Improvement in VAT Collection: Czech Republic Shows Significant Decrease in Tax Gap
DENMARK
ESTONIA
EUROPEAN UNION
- Amazon Calls for Harmonization of EU VAT Systems to Simplify Compliance
- EU adopts Directive introducing tax transparency rules for crypto assets (DAC8)
- EU Directive (DAC8) adopts wider reporting requirements for crypto and other transactions
- EU Official: Falling VAT Gap Shows Tax Reforms Working Despite Challenges
- EU Tax Observatory Releases Global Tax Evasion Report 2024
- EU: VAT Gap in 2021 Decreases by €38 Billion, Thanks to Policy Responses and Temporary Factors
- European Court of Justice ruling on VAT deduction in bankruptcy proceedings
- European Parliament Committee on Economic and Monetary Affairs – Draft report about Proposal for Council Directive Amending VAT Rules for Distance Sales of…
- OECD Updates FAQs on Model Reporting Rules for Digital Platforms
- Progress in VAT Compliance: Reduction in EU VAT Gap in 2021, but Significant Losses Remain
- VAT in the Digital Age (ViDA) Single VAT Registration (IV)
EUROPEAN UNION/ UNITED KINGDOM
FRANCE
- France announces new timeline for e-invoicing, mandatory for companies by 2026
- France announces new timetable for mandatory e-invoicing and e-reporting for VAT-registered businesses
- How e-Reporting Works in France
- Status of B2B Electronic Invoicing in France
- What is the (proposed) timeline of the E-Invoicing mandate in France?
GERMANY
- Application of the Neutrality Principle to Late Payment Interest in Value Added Tax
- German Bundesrat calls for 2-year e-invoicing delay
- Input VAT correction and correction object after termination of a VAT group and clarification of § 44 Abs. 1 UStDV
- Input VAT deduction in the case of gratuitous fulfillment of municipal obligations: tax implications and limits
GREECE
- AADE – myDATA: New Version v1.0.7 Simplifies and Expands Expense Characterization
- Greece Considers Potential E-Invoicing Mandate from 2025 to Support myDATA System
- Greek VAT Gap Declines, but Still Results in Over €3 Billion in Lost Revenue
- Significant Reduction in VAT Gap in Greece and EU in 2021: Report
HUNGARY
- Introduction of M2M EVAT Platform for VAT Declarations in Hungary
- Public Consultation on Comprehensive Tax Legislation Amendments
INDIA
- India’s GST Officials Issue ₹1 Lakh Crore Tax Notices to Online Gaming Companies
- Maharashtra Govt Hikes VAT On Alcohol Served In Bars, Cafes, Lounges
- Police raid GST inspector’s quarters with magistrate’s warrant in gold smuggling investigation
- World Trade Organization can’t interfere in India’s IT export restrictions
INDONESIA
IRELAND
- Ireland’s Lower House Considers Second Finance Bill 2023: Increase VAT registration threshold to 40,000 euros
- Ireland’s Zero-Rated Medical Equipment and Appliances: A Comprehensive Explanation
ISRAEL
- Israel delays introduction of clearance CTC e-invoicing until 1 April 2024
- Israel Introduces B2B E-Invoicing as of 2024: CTC Clearance Model (Updated)
ITALY
- How to Regularize VAT Declaration and Omitted Invoicing in Italy
- VAT rate for infant products returns to 10%, sugar tax and plastic tax postponed to 2024
LEBANON
LITHUANIA
MALAYSIA
- Former Prime Minister Advocates for Reintroduction of GST to Boost National Revenue
- Mandatory CTC Electronic Invoicing Model in Malaysia as of August, 2024 (Updated)
MALTA
MAURITIUS
- E-invoicing regulations published
- Mauritius e-invoicing mandate is expected to go live in Q1 of 2024
MEXICO
MOROCCO
NETHERLANDS
- Late Request for VAT Refund after 20 Years Deemed Unacceptable by Dutch Court
- No deduction of sales tax on other construction costs for integrated solar panels
- No legal remedies against rejection of a VAT refund request submitted by letter
- Reclaiming VAT after twenty years is really too late
NIGERIA
- Nigeria Government to Expand VAT Agents in Five Sectors for Increased Revenue Collection
- Nigeria to Implement Telecoms Tax and Consider Raising VAT Rate
- Nigeria’s VAT Surges to N781.35bn in Q2, According to NBS Report
OMAN
PAKISTAN
PHILIPPINES
POLAND
- Challenges and Benefits of Poland’s KSeF System: Insights from a VAT Expert
- Consultation on Amendment of JPK_VAT Regulation with Declaration: Changes for KSeF Implementation
- Dog Food and Tablet Supplement – 8% VAT Rate
- Hundreds of thousands of companies in Poland are no longer VAT taxpayers
- KSef does not allow the issuance of invoices based on utility consumption forecast
- Lewica’s Proposal: Introducing a Uniform 15% VAT Rate for Entrepreneurs in Poland
- New Children’s Book and Mascot – VAT Rate 5%
- Polish Court Rules that VAT Applies to Reimbursement of Costs in Court Settlement
- SAC: The authority does not have to notify about the deletion of a taxpayer from the register
- Service work on the test environment of the National e-Invoice System in Poland
- VAT Exemption for Dietitians Only Applies to the Sick, Not the Healthy
- VAT Rate for Salad CN 20 – 0% VAT
- VAT Settlement for Disposed Commercial Goods – Do You Need to Adjust Deducted Tax?
PORTUGAL
ROMANIA
- EU VAT Gap – Romania remains the last in the EU to collect VAT
- Romania Maintains Highest VAT Gap in the EU, with Unpaid Sum Equivalent to Half of 2021 Budget Deficit
- Webinar RTC – Recorded session & Slide decks – E-Invoicing in Romania: Navigating the 2024 Regulatory Landscape
RUSSIA
SLOVAKIA
- Proposed VAT Measures in Slovakia for 2024: Increase, Abolition, and Special Schemes
- Slovakia Successfully Reduces VAT Tax Gap in 2021
SLOVENIA
- Proposed Changes to VAT Law in Slovenia
- Slovenia Implements Carbon Border Adjustment Mechanism as of October 1, 2023
- Slovenia’s Lower House Considers Bill to Amend VAT Act for Cross-Border E-Commerce
SPAIN
- Conflict No. 13: VAT Deduction Abuse through Family Company Interposition in Real Estate Transaction
- Improper Application of Cash Accounting Regime in Real Estate Sale Leads to Conflict
SRI LANKA
SWEDEN
- Charging stations for electric vehicles not considered immovable properties
- Supreme Court Rules VAT Apportionment Violates EU Law
- Sweden Enacts New VAT Law in Compliance with EU Directive 2006/112/EC
SWITZERLAND
TAIWAN
UGANDA
UKRAINE
- Conditions for VAT exemption on first supply of affordable housing and state-funded housing operations
- Return of Leased Improved Property: When Does VAT Arise?
- Submission of Application for Refund of Budget VAT Compensation in Ukraine
- Tax-exempt food service operations in Ukraine: DPS Odessa Region Announcement, October 25, 2023.
- Taxpayers in Odessa region refunded 1.7 billion UAH VAT in nine months
UNITED KINGDOM
- A Brief Guide to VAT Reliefs for Charities in the United Kingdom
- HMRC Publishes Policy Paper on Interpretation of VAT and Excise Law in the UK
- Supreme Court Rules Against Target Group Ltd in VAT Exemption Case
- JPMorgan Chase Bank, NA – FTT – Intra-group bought in services – whether exempt – no
- United Biscuits Plc – FTT – Whether biscuit partly covered in chocolate – yes
UNITED STATES
- California Issues Guidance on Sales and Use Tax for Internet Sales in the United States
- California Issues Sales and Use Tax Guidance for Out-of-State Sellers
- Sales Tax Audits: How to Handle the Horror and Navigate the Process
- San Diego Leaders Urged to Implement Sales Tax Hike for Revenue Boost
- Updated Guidance on Sales and Use Tax for Storage and Warehousing in South Dakota
- Updated Guidance on Sales of Food for Indiana Sales and Use Tax Purposes
WORLD
- E-Invoicing Exchange Summit Asia (Dec 4-6, 2023)
- Indirect Tax Experts need to continuously build their knowledge: Here is the Calendar on Indirect Tax Webinar/Events
- Pagero and Vertex announce partnership to deliver global e-invoicing solution
- Pagero Webinar: E-Invoicing and E-Reporting Compliance Updates with Pagero & Deloitte
- VATupdate.com Daily Newsletter – October 24, 2023
- What Is the SAF-T System and Why Does It Matter?
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