VATupdate.com Daily Newsletter – October 30, 2023

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Headlines October 28 & 29, 2023

• E-Invoicing & E-Reporting developments in the news in week 43/2023
• Romania Tops EU in VAT Losses, Accounting for Half of Budget Deficit in 2021
• Slovakia Proposes Increase in Standard VAT Rate to 22%
• UK – Person recovering import VAT to be both the owner and importer should not be the same

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• 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
  • 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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AUSTRALIA

• OECD Urges Australia to Increase Consumption Tax Rate and Reduce Exemptions
• OECD Urges Australia to Increase GST and Superannuation Tax to Address Budget Deficit

AUSTRIA

• Austria’s 2024 tax and budget bills: Intensifying efforts against cross-border VAT fraud and combating tax evasion

BARBADOS

• Barbados Electric Bill Delayed, but VAT Cut Extended for Another Six Months

BURKINA FASO

• Budget 2023: Amending Finance Law – Burkina Faso Exempts Gold Sales to State from VAT

CHINA

• Approval for pilot enterprise for issuing VAT invoices for road freight transportation companies on the network platform

DENMARK

• Closure of incoming traffic on NemID (OCES2) on Monday, October 30, 2023.

ECUADOR

• Resolution Establishing VAT Payment Verification Requirements for Specific Refunds in Ecuador

EUROPEAN UNION

• Understanding CBAM: Duties & Implications for EU Importers in the European Union

EUROPEAN UNIONSWITZERLAND

• DG TAXUD hosts two formal meetings with Switzerland on customs cooperation and security measures

FRANCE

• Webinar – Recorded session & slide deck – E-Invoicing in France

FRANCE/ UNITED KINGDOM

• VAT Grouping Unpacked Podcast: VAT Group – opportunities for (partially) exempt businesses (UK v France) (Episode 5)

GREECE

• The ‘Blackmail’ of VAT Declaration Lockdown in Greece: Issues and Concerns
• The Weekly Briefing: VAT declaration lock, myDATA, tax updates, and more

HUNGARY

• Hungary’s VAT Gap Improvement Among Top Four in EU, Says Finance Minister

INDIA

• CBIC Clarifies Determination of Place of Supply in Various Cases
• CBIC notified amendments in GST Registration Forms
• CBIC notified amendments in the FORM GSTR-08
• Centre notifies 18% GST on corporate guarantees
• GSTN issued Important advisory related to changes in GSTR-5A
• India’s Supreme Court Invalidates Post-GST VAT Act Amendments

ITALY

• VAT Rates for Extraordinary Maintenance and Superbonus in Italy: Impact on Building Titles

IVORY COAST

• Côte d’Ivoire to Impose 18% VAT on Online Purchases in Effort to Boost Government Income

LAOS

• Laos Considers Increasing VAT Rate from 7% to 10%

LATVIA

• Latvia Coalition Considers 12% VAT Rate on Fruit and Veg to Boost Agriculture Sector

MALAYSIA

• Malaysia’s e-invoicing system supports GST reintroduction and aids tax collection target

MALTA

• Malta Tax Agency Releases XML Schema Guide for DAC7 Digital Platform Operator Reporting

MEXICO

• Webinar – Recorded version & slides – Get ready for the new Bill of Lading (Carta Porte) Complement 3.0

MONTENEGRO/ SERBIA

• Serbia grants license for e-invoice platform to Montenegro

NETHERLANDS

• Common Mistakes Entrepreneurs Make When Filing VAT Returns in the Netherlands

NIGERIA

• Nigeria: Rental income from real properties exempt from VAT, says Tax Appeal Tribunal

POLAND

• 0% VAT Rate for Transport Services and VAT Deduction for Overestimated Rate
• Binding Information on VAT Rate for Residential Single-Family Building
• Exemption from VAT on delivery after first settlement
• Importing Goods to Poland via Germany: Customs Procedure 4200 for VAT Exemption
• KAS arrests CEOs involved in VAT fraud with polymer trade, causing losses of 190 million zł.
• Key Challenges, Changes, and Plans: A Conversation with Krzysztof Rogowski on Poland’s KSeF Project
• Maintenance work on the test environment of the National e-Invoice System in Poland
• Poland to Implement Mandatory KSeF E-Invoicing in July 2024 with Changes to VAT Return
• Poland VAT rate for Children’s Book – 5% VAT
• VAT Deduction for Perpetual Usufruct Expenses – Individual Interpretation
• VAT on Road Sales – Individual Interpretation – Correct Position
• VAT rate for Dance Classes Admission – 8% VAT
• VAT rate for Medical Set: Medical Blouse-Shirt and Medical Pants
• VAT rate for Residential Building – 8% VAT
• VAT Rate for Takeaway Pizza Sales – 8%

ROMANIA

• Romania Tops EU in VAT Losses, Accounting for Half of Budget Deficit in 2021

RUSSIA

• Resale of used cars and motorcycles in Russia to be subject to VAT on price difference throughout dealer chain

SLOVAKIA

• Slovakia Proposes Increase in Standard VAT Rate to 22%

SLOVENIA

• Government-sponsored changes to VAT Act concerning data on cross-border payments removed from parliament agenda in Slovenia

SPAIN

• International Criminal Network Dismantled in Spain for 17-Million-Euro VAT Scam in High-End Car Market
• Partial Deduction of Input VAT on Property Supplies: TEAC Decision Confirms VAT Directive Principles

SWEDEN/ UNITED ARAB EMIRATES

• VAT grouping unpacked podcast: VAT Group – impact on head-office / branch relationships (UAE v Sweden) (Episode 4)

SWITZERLAND

• Switzerland Seeks Feedback on VAT Ordinance Changes for Rate Adjustments and Administrative Enhancements

THAILAND

• Announcement: VAT for the Transfer of Digital Tokens for Public Offering of Investment

UGANDA

• Uganda Implements Digital Service Tax: Notice by Revenue Authority

UKRAINE

• Taxation nuances of VAT operations in financial leasing in Ukraine
• Taxation of Used Goods Supply: What about VAT?

UNITED KINGDOM

• Import VAT Credit and Equal Treatment: Piramal Healthcare UK Limited v Revenue & Customs
• Person recovering import VAT to be both the owner and importer should not be the same

UNITED STATES

• The Nightmare of Sales Tax Automation: Pitfalls and Potential Horror Stories
• Wisconsin Increases Retailer’s Discount for Sales and Use Tax Returns to 0.75%

VIETNAM

• Vietnam proposes building a Resolution of the National Assembly on reducing VAT by 2%

WORLD

• E-Invoicing & E-Reporting developments in the news in week 43/2023

WORLD

• OECD FAQs on the Application of Model Reporting Rules for Digital Platforms
• Tax Appeal Tribunal rules rental income from real properties not subject to VAT
• VAT Policy Designs for Extractive Industries: Maximizing Stakeholder Impact and Government Objectives
• VATupdate.com Daily Newsletter – October 27, 2023

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