24/7 VAT News on www.vatupdate.com – This was in the news on July 18, 2023

Headlines July 18, 2023

• Czech Consolidating Reduced VAT Rates 2024; New 12% Rate
• Join the eINVOICING USER COMMUNITY (initiated by the European Commission)
• Mexico Gazettes List of VAT Registered Nonresident Digital Service Providers
• Interested in advertizing and/or sponsoring www.vatupdate.com? It starts as of 3EUR/day ….

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• Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
• 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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ANGOLA

• Tax Stamps become Mandatory in Angola

AUSTRALIA

• Increase to GST error correction limits proposed: Are they high enough?

AZERBAIJAN

• Azerbaijan exempts sale of locally made cars from VAT

BELGIUM

• Access to documents and applications via FPS Finance APIs

BRAZIL

• VAT in Brazil could go to 28% and be the highest in the world, according to a survey by Ipea

CANADA

• S. Chamber of Commerce Urges Canada to Reconsider Support for Extension of Standstill Agreement on Digital Services Taxes

CARIBBEAN NETHERLANDS

• Two AAs canceled due to the wrong VAT return

COSTA RICA

• VAT reduction for certain medical equipment

CZECH REPUBLIC

• Czech Consolidating Reduced VAT Rates 2024; New 12% Rate
• Lower Chamber Approves in First Reading Bill to Increase CIT Rate to 21%, Convert Multiple Reduced VAT Rates into Single Reduced VAT Rate of 12%

DENMARK

• Guidance on VAT and payroll tax for non-fungible token (NFT) transactions
• New regulations implemented on the imposition of interest by Tax Authorities for late VAT payments

ESTONIA

• Standard VAT rate will increase from 20% to 22% from 1 January 2024

EUROPEAN UNION

• Commission’s eInvoicing Call for Evidence and Survey receive a strong response
• eInvoicing model’s selection criteria
• Join the eINVOICING USER COMMUNITY (initiated by the European Commission)
• July 2023: E-Invoicing & VAT compliance updates
• Navigating the VAT treatment of security tokens in the EU

FIJI

• Change in VAT: FCCC Monitors Businesses to Ensure they Comply

FRANCE

• e-Invoicing mandates and updates: France
• Electronic invoicing (E-Invoicing) and transaction transmission (e-reporting)
• Partner Dematerialization Platform (PDP), a key player in electronic invoicing
• Reminder on the upcoming end of receipt printing in France
• Works of art and VAT on margin: questioning of the reduced VAT rate of 5.5% for art galleries

INDIA

• Analysis of 9 GST Circulars issued by CBIC on 17th July 2023
• CBIC issues 9 Notifications extending deadlines for GST Forms & Amnesty Schemes
• Clarification on the issue pertaining to e-invoice
• Clarification on various issues relating to GST refunds
• Rajeev Chandrasekhar says will request GST Council to reconsider 28% tax on online gaming

ISRAEL

• Approval of the Continuous Transaction Control (CTC) model

ITALY

• Court of Cassation: Services by veterinarian to public bodies are not exempt
• If transport is accessory, it should be included in the INTRASTAT value of the goods
• Obligation to pay VAT remains regardless of actual collection

KENYA

• Kenya has received billions from recently introduced digital service tax
• KRA Nets a Record Sh220bn in June Amid Hard Times

LATVIA

• Latvia to maintain reduced VAT for fresh fruits, berries and vegetables next year

LITHUANIA

• Lithuania Proposes Permanent 9% VAT Rate on Catering Services, Takeaway Food

MEXICO

• Mexico Gazettes List of VAT Registered Nonresident Digital Service Providers
• Relevant Criteria Regarding VAT in Mexico

NEPAL

• Domestic airfare goes up as govt introduces VAT starting
• Taxman launches new fiscal year with VAT on air travel

NETHERLANDS

• From January 2023, the Intrastat threshold will be abolished
• No VAT refund from irrecoverable debtors due to failure to submit a separate refund request

NORWAY

• Amendments to the Norwegian VAT act

OMAN

• Electric vehicles, EV parts, and zero-emission vehicles (hydrogen vehicles) will be exempt from VAT

PERU

• The role of taxes in reducing informality and tax evasion in Peru

POLAND

• Poland B2B KSeF e-invoices July 2024
• Poland: SLIM VAT Package
• Updated schema FA(2) published and more information about KSeF released

ROMANIA

• Romania Introduces Reduced VAT Rate for Delivery of Sawdust, Wood Waste and Similar Products; Amends Application of 5% VAT Rate for Certain Heating and…

RUSSIA

• Guidance: Contract EAEU vendor, and the goods are delivered from the EAEU to the Russian Federation

SERBIA

• Are subsequent printouts just copies or another original of the receipt in Serbian fiscalization?

SPAIN

• Ley 13/2023 de 24 de Mayo has introduced several changes in Spain’s tax laws
• Reduced rate for home repairs only if customer is homeowner

SRI LANKA

• Exporters voice concerns over abolishing SVAT

SWEDEN

• 50% VAT deduction of racing passenger cars and motorcycles, same as other passenger cars

SWEDEN

• e-Invoicing mandates and updates: Sweden

SWITZERLAND

• Proposal on digital platforms that provide goods or services

TAIWAN

• Amendments to Security Transaction Tax Act for warrant transactions become effective
• Businesses issuing electronic invoices can use their commercial and business certificates to download import tax payment certificates

THAILAND

• VAT reverse charge scheme in the pipeline

TURKEY

• Türkiye Abolishes VAT Exemption for Disposal of Immovables
• Türkiye Expands Authority of President to Determine Rates for Special Consumption Tax
• Türkiye Significantly Increases Special Consumption Tax on Petroleum Products

UGANDA

• Uganda Expands VAT Coverage on Foreign Digital Services

UKRAINE

• Import and sale in the territory of Ukraine of medicines and medical products – what about VAT?
• Is the registration of a VAT payer reorganized by merger, division and transformation subject to cancellation?
• Re-registration as a VAT payer: what incomes are taken into account?

UNITED KINGDOM

• FTT: Kenwright – application for permission to make a late appeal)
• FTT: Spirit Motor Company Ltd – surcharge liability notices
• HMRC Corporate report: HMRC annual report and accounts: 2022 to 2023

UNITED STATES

• Digital advertising tax (Maryland)
• Fuel tax replacement (Hawaii)
• Maine: Mental Health Services Soon to be Exempt
• Nexus and Registration Impacts of Mergers and Acquisitions
• Software providers as manufacturing corporations (Massachusetts)

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on July 17, 2023
• Interested in advertizing and/or sponsoring www.vatupdate.com? It starts as of 3EUR/day ….

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