Americas
- Costa Rica: The General Directorate of Taxation (DGT) has updated the list of cross-border digital service providers subject to the 13% value added tax (VAT) rate.
Asia Pacific
- Bahrain: Updated VAT guides relate to the treatment of supply of investment-grade gold.
- Saudi Arabia: The Zakat, Tax and Customs Authority (ZATCA) announced the criteria for selecting the sixth group of taxpayers that will be required to comply with the second phase of implementation of the electronic invoicing (e-invoicing) system.
Europe
- Poland: The Supreme Administrative Court held that invoices issued earlier than 30 days before the tax point in VAT are not fictitious.
- Poland: A bill amending the Budget Act for 2023 would extend until the end of 2023 at least (from 30 June 2023) reduced VAT rates for food under the Inflation Shield program (0% versus the usual 5% rate).
- Poland: Legislation passed by the Lower House of the Polish Parliament mandates e-invoicing beginning 1 July 2024, with the reservation that taxpayers under subjective and objective tax exemption will be expected to use it only from 1 January 2025.
- Spain: The Ministry of Finance published draft e-invoicing regulations. Taxpayers have until 10 July 2023 to submit observations.
Trade & Customs
- EU: The European Council has approved an eleventh package of sanctions against Russia for its aggression against Ukraine—including trade, transport, and energy measures.
- Korea: The Tax Tribunal held (2022-Customs-0029, 3 April 2023) that imported plastic toys were classified as “other construction sets and constructional toys” subject to a 0% tariff rate under a World Trade Organization (WTO) agreement.
Source: KPMG
