Headlines July 8-9, 2023
- The European Parliament proposes potential delay to ViDA of up to 2 years
- Worldwide developments on VAT and Cryptocurrencies and NFT’s
- European Parliament Members Suggest More Than 300 Amendments to VAT in the Digital Age (ViDA) Proposals
Timeline of E-Invoicing & E-Reporting mandates in the European Union
Worldwide VAT rate changes in the news May/June 2023
ARUBA
AUSTRALIA
BOLIVIA
BRAZIL
- Brazil VAT implementation passes Chamber of Deputies
- Brazil’s lower house approves ‘historic’ tax reform bill
- Brazil’s Lower House Approves First Tax Overhaul in Decades
- Chamber of Deputies Approves Tax Reform Involving Indirect Taxes
- Lower house approves ‘historic’ tax reform bill
CHILE
DENMARK
- Deposits from Members of an Owners’ Association to A considered consideration for the provided VAT liability benefits
- Draft administrative guidance: Production levies charged by producers such as dairies and slaughterhouses must be included in the VAT base
- Section 12 of the VAT Act – Section 39 of the Customs Act – duty to pay import VAT of goods which had been evaded to Customs Supervisory
EUROPEAN UNION
- CESOP – An EU-wide VAT transactional reporting obligation for payments
- Comments on C-232/22: Fixed establishment: New ECJ decision brings clarity for tolling cases
- Comments on ECJ C-322/22: LegalNews asked Attorney Ine Lejeune for more information about the impact of this groundbreaking judgment
- EU Calls for Input on VAT Fraud-Busting Rule Upgrades
- European Parliament Members Suggest More Than 300 Amendments to VAT in the Digital Age (ViDA) Proposals
- The European Parliament proposes potential delay to ViDA of up to 2 years
- VAT rules on e-commerce: EU Commission outlook two years on
- VAT Challenges In The E-Mobility Industry
EUROPEAN UNION/FRANCE
GERMANY
GREECE
- “Electronic Invoicing in Greece: A Passage to Fiscal Modernity”
- Clarifications re penalties in audit cases for which methods of indirect determination of the taxable amount are applied
HUNGARY
ICELAND
INDIA
- 5 Major Developments in India
- 50th GST Council Meeting likely to Exempt Cancer Drugs from IGST
- GST Council meeting on July 11: Papad, kachri set to be exempted from GST, other things on agenda
- GST Council to tighten registration rules; physical verification to be mandatory in ‘high risk’ cases
- GST Network Comes Under PMLA
- Online Gaming: The Missing Role Of GST Council
- Representation for Extension of various GST Amnesty schemes under GST
- Sales tax on Warranty Replacements: A case of Double whammy?
- Taxpayer made to suffer due to a supplier’s error in GSTIN reporting
ITALY
- Ruling 371: Medical device consisting of equine collagen powder is subject to a reduced VAT rate of 10%
- Use of annual VAT credit or its refund through the F24 form is subject to the “visto di conformità” (compliance stamp)
JERSEY
KENYA
LIECHTENSTEIN
MAURITIUS
NETHERLANDS
- Arnhem-Leeuwarden Court of Appeal: Violation of the defense principle of Union law. ‘Other outcome’ criterion not met. Deduction of input VAT on…
- Potential 2.4 million euros in VAT fraud
- Sugar tax on soft drinks more effective than reduction of VAT on fruit and vegetables
- Supreme Court: Intra-Community supplies to ‘missing traders’; refusal to deduct input tax; arguable point of view due to a preliminary question to the ECJ
NIGERIA
- Nigeria Guidelines on Guideline on Withholding and Self-Account of VAT
- The VAT Direct Initiative: Key Things To Know About the IRS – MATAN Partnership
NORWAY
- Tax administration clarifies taxation of digital currency mining
- Tax Agency Issues Ruling on VAT Registration and Taxation of Digital Currency Mining
PAKISTAN
PANAMA
PHILIPPINES
- Senate eyes VAT on digital service transactions
- VAT on digital services expected to raise billions for Manila govt
- VAT on digital services to yield P97B
POLAND
SAUDI ARABIA
SLOVAKIA
SPAIN
- Country fact sheets: eInvoicing in Spain
- Comments on Draft Spanish e-invoicing regulation
- Edicom Webinar – Spain: Do you want to know what the technical regulation entails? (Sept 19)
TAIWAN
TURKEY
- Decree Amending the Decree on Determination of Value Added Tax Rates Applicable to Goods and Services
- Turkey – VAT rates increased
- Turkey raises VAT 2% to 20% July 2023
UKRAINE
- 5 Major Developments in Ukraine
- Exemption from VAT taxation operations on import into the customs territory of Ukraine imported by economic entities for use in their own production…
- Guidance re rewards (bonus) to buyers
- The buyer refuses to receive the goods: what about VAT?
UNITED STATES
- Alabama sales tax on food is being lowered
- More States consider sales tax exemptions for precious metals as Mississippi law takes effect
UZBEKISTAN
VIETNAM
WORLD
- Event: E-Invoicing Exchange Summit Dublin – October 2-4, 2023
- Webinar – Recorded session – The Future of Compliance: Simplify E-Invoicing Compliance Complexity With a Universal Solution
- Worldwide developments on VAT and Cryptocurrencies and NFT’s
ZIMBABWE
Recent daily newspapers
- 24/7 VAT News on www.vatupdate.com – This was in the news on July 7, 2023
- 24/7 VAT News on www.vatupdate.com – This was in the news on July 6, 2023
- 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