24/7 VAT News on www.vatupdate.com – This was in the news on July 6, 2023

Timeline of E-Invoicing & E-Reporting mandates in the European Union

Worldwide VAT rate changes in the news May/June 2023

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BELGIUM

• DAC6: Council of State nullifies fine rates

BURKINA FASO

• Burkina Faso Parliament Adopts New Consumption Tax

DENMARK

• 5 Major Developments in Denmark

DOMINICAN REPUBLIC

• 5 Major Developments in Dominican Republic

ECJ

• Comments on ECJ C-232/22: Belgian place of supply rules for VAT
• Comments on ECJ C-232/22: Toll manufacturer no fixed establishment for VAT
• Flashback on ECJ cases C-28/96 (Fazenda Pública v Fricarnes) – National charges on the marketing of meat are not considered a Turnover Tax

EUROPEAN UNION

• CESOP FAQs: Summary of Questions and Answers
• European Commission Publishes Annual Report on Taxation 2023
• Generalised Scheme of Preferences (GSP) – Proposal to extend till 2027
• International growth: from small VAT steps to big trade leaps
• NEW From IBFD: VAT in the Digital Age (ViDA) Tax Dossier
• ViDA – suggested amendments in ECON

GERMANY

• 5 Major Developments in Germany

INDIA

• Active GST taxpayers in Gujarat grew by 124% in six years
• CBIC issued Important clarification: Interest Payable on Late Payment of Tax and Wrongly Availed ITC
• Relief to Imports from Japan under Free Trade Agreement (FTA)

LITHUANIA

• Lithuanian Parliament Gives Initial Approval for Tax Reform: Increasing the threshold for VAT registration from EUR 45,000 to EUR 55,000.

MALTA

• Country fact sheets: eInvoicing in Malta

NETHERLANDS

• Country fact sheets: eInvoicing in the Netherlands

NIGERIA

• 5 Major Developments in Nigeria

OMAN

• Oman VAT Guide on Profit Margin Mechanism

PHILIPPINES

• 5 Major Developments in Philippines

POLAND

• Country fact sheets: eInvoicing in Poland

SPAIN

• Electronic invoicing in Spain: the first details of the new obligation are revealed
• Spain publishes draft for B2B e-invoicing system
• Spain: Planning now to comply with pending mandatory e-invoicing for B2B transactions
• Spanish plastic tax amount is included in the taxable base of the intra-Community acquisitions transactions

TRINIDAD AND TOBAGO

• Trinidad and Tobago Extends Tax Amnesty Period by a Further Two Months

UNITED KINGDOM

• HMRC Guidance: HMRC email updates, videos and webinars for VAT
• HMRC Guidance: Insolvency (VAT Notice 700/56)

VIETNAM

• Vietnam Publishes Implementing Decree for VAT Rate Reduction

WORLD

• The advantages of supplier onboarding for e-invoicing
• The recipe for successful VAT refunds

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Recent daily newspapers

• 24/7 VAT News on www.vatupdate.com – This was in the news on July 5, 2023
• 24/7 VAT News on www.vatupdate.com – This was in the news on July 4, 2023

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