24/7 VAT News on www.vatupdate.com – This was in the news on August 5-6, 2023

Headlines August 5-6, 2023

• The 2 phases and 7 waves of implementation of E-Invoicing in Saudi Arabia
• EESPA statement on Borderless E-Invoicing and EU Sovereign Clouds
• This is What the New E-invoicing Obligation for Germany Could Look Like
• Worldwide Tax Guide Edition 2023-2024

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• VATupdate Newsletter Week 30 2023
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of E-Invoicing & E-Reporting mandates in the European Union
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • 947 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in July 2023
• July 2023 – VAT rate changes/updates/news in 45 countries

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ASIA PACIFIC

• SNI Webinar – Recorded version & Slide deck – e-Invoice Guide for Businesses in the APAC Region | Part 1

BAHAMAS

• Bahamas Announces ‘Back to School’ VAT Tax Holiday

BANGLADESH

• Import Tax Exemption Expands 18% Despite Efforts to Rein In

BELGIUM

• Update of the e-commerce documentation folder in FISCONETplus

BELGIUMEUROPEAN UNION

• Sale of illegal goods and theft: is VAT due?

BOLIVIA

• Extended deadline for certain taxpayers to register in VAT sales and purchases registry for July 2023
• The SIN of Bolivia extends the term to implement the Online Billing Modality for the Fourth and Fifth groups of taxpayers assigned as of 10/01/2023

BRAZIL

• IMF encourages Brazil to broaden the tax base and welcomes proposed indirect tax reform

CHINA

• China extends 3% VAT rate withdrawal for small businesses till 31 Dec 2027

DENMARK

• Requirements for digital standard bookkeeping systems – No mandate for sending/receiving E-Invoices

EL SALVADOR

• El Salvador’s Congress receives bills to amend International Services Law and the Law for Industrial and Commercial Free Zones

EUROPEAN UNION

• EESPA statement on Borderless E-Invoicing and EU Sovereign Clouds
• EU Authorities Indict Eight in Multimillion VAT Fraud
• More Time to Implement ViDA Regulations?
• Special VAT rate for travel agents for accommodation which is resold without ancillary services

EUROPEAN UNION/INDIA

• Can a Group Company Constitute Fixed Establishment? – Decoding the ECJ Ruling

ECJ – EUROPEAN UNION/UNITED KINGDOM

• Flashback on ECJ cases C-3/97 (Goodwin and Unstead) – A supply of counterfeit perfumes is subject to VAT
• Flashback on ECJ cases C-4/94 (BLP Group) – No input VAT deduction on exempt transaction, even if ultimately a taxable transaction is carried out

FRANCE

• How Can PDPs Facilitate Your Operations in the New E-invoicing Regime in France?
• Postponement of Mandatory E-invoicing and E-reporting in France
• The Power of Mandatory E-Invoicing in France and its Global Impact

FRANCE/GERMANY/HUNGARY/POLAND

• What Advantages Will the New French E-invoicing System Have, and How Can You Make the Most of Them?

GERMANY

• B2B E-invoicing in Germany to Become Mandatory in 2026
• This is What the New E-invoicing Obligation for Germany Could Look Like

GREECE

• New Bill in Consultation – Mandatory automatic exchange of information on digital platforms and sanctions (DAC7)

INDIA

• 2 GST tribunals to be functional from October; West Bengal government
• 51st GST Council Meeting: Key Highlights
• CBIC notified Rule 88D to prescribe the manner of dealing with difference in Input Tax Credit available in GSTR-2B and availed in GSTR-3B
• CBIC notified various changes in GST Forms
• CESTAT Weekly Round-Up
• DGGI finds 8,000 fraud Input Tax Credit claim cases
• Hostels and PG accommodation services attract @ 12% GST
• Indirect Tax Weekly Digest – August 1, 2023
• Online gaming industry relieved as GST Council clears air on repeat taxation

ITALY

• Ruling: Online video games: ”avatar enhancement” and ”coaching” services – treatment for VAT purposes
• Ruling: VAT treatment of entrance fees to exhibitions of newly made art objects new realization
• VAT exemption for exhibitions only if artist is of “clear fame”

JOB OPPORTUNITIES

• Job opportunities in South Africa, United Kingdom and United States

KENYA

• Increase in VAT on petroleum products (excluding liquefied petroleum gas gas) from 8% to 16%

MALTA

• Eight multiple winners in VAT lottery

NETHERLANDS

• Sell perfume via platform delivery of a good and no intermediary
• Supreme Court Ruling On VAT Reverse Charge Mechanism

NIGERIA

• Bolt Operations OU case: Simplified Compliance Regime for VAT
• Clarification FIRS Guideline on the Withholding and Self-account of Value-Added Tax
• Guidelines VAT refunds Diplomats, Diplomatic Missions and International Organisations on Goods and Services Purchased
• Redefinition of a building under the VAT Act to exclude fixtures and structures
• Sinopec International Petroleum and Production Nigeria Limited case: Satellite network bandwidth capacities “rendered in Nigeria”

PAKISTAN

• FBR to form committee to expedite sales tax refund claims

POLAND

• Exemption from VAT of a plot partially built up with a road
• July 1, 2024 – Deadline for Obligatory KSeF in Poland Stays the Same
• Ruling: Determination of the tax base for re-invoicing costs related to consumed electricity
• Ruling: Exclusion from VAT on the sale of an operating bakery
• Ruling: Exemption from VAT for private self-defence teaching services
• Ruling: Exemption from VAT of vocational education or vocational retraining services
• Ruling: Fixed establishment (VAT)
• Ruling: No input VAT deduction for municipality for investments in e-services and cyber security
• Ruling: No input VAT deduction for municipality for investments relating to recreational and tourist attractions
• Ruling: VAT exemption for insurance and agency services
• Ruling: VAT on the supply of real estate
• Simplified VAT import procedure. What conditions?

ROMANIA

• New Fiscal Code PDF – Law 227/2015 updated 2023

SAINT KITTS AND NEVIS

• St Kitts and Nevis announces two discounted VAT rate days

SAUDI ARABIA

• Additional Details To Be Included In Invoices For Supplies Of Eligible Used Goods In KSA
• KSA Releases New VAT Amendments
• New Amendments To KSA VAT Legislation
• Simplified guide: Cancellation of fines and exemption of financial penalties
• The 2 phases and 7 waves of implementation of E-Invoicing in Saudi Arabia
• ZATCA Announces 7th E-Invoicing Wave
• ZATCA Extends Amnesty Period Until December 2023

SOUTH KOREA

• Penalties for Late VAT Registration by Foreign Electronic Service Suppliers

TAIWAN

• Foreigners may claim a VAT refund related to exhibitions or temporary business activities

THAILAND

• Digital Tax Ecosystem in Thailand

UNITED ARAB EMIRATES

• UAE MoF Unveils 2025 E-Invoicing Plans
• UAE’s VAT Reporting Requirement per Emirate For large E-Commerce Players

UNITED KINGDOM

• Caerdav Ltd: customs duty on importation of aircraft – Upper Tribunal
• Fare dues: Taxi firms need to add VAT to charges
• Overages – what are they and what is the VAT treatment?
• Post-Brexit UK border food checks delayed again on inflation fears
• UK Brexit Agri-foods customs controls 5th delay

VIETNAM

• Summary of notable points in the Draft Law on Special Consumption Tax of Vietnam

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on August 4, 2023
• Deloitte and EDICOM Announce Strategic Partnership
• Free Peppol and XML document validator
• Generative AI presents big innovation opportunities for tax departments
• How to Combat Value-Added Tax Refund Fraud
• Worldwide Tax Guide Edition 2023-2024

 

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