24/7 VAT News on www.vatupdate.com – This was in the news on August 26-27, 2023

Headlines August 26-27, 2023

• E-Invoicing in Germany: Mandatory as of 2026, EDI not longer allowed as of 2028
• Oman e-invoicing October 2024
• Technology … An Indirect Tax Expert best friend – Recent articles (4)
• Council Implementing regulation to authorize to extend VAT split payment till June 30. 2026

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• VATupdate Newsletter Week 33 2023
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 33/2023
  • 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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AUSTRALIA

• Review of potential carbon border adjustment mechanism

AUSTRIA

• Austrian archiving VAT rules on intra-Community supplies and exports
• Austrian TOMS is extended to B2B supplies

BANGLADESH

• VAT now applicable for govt job application

BOLIVIA

• Simplifying electronic invoicing in Bolivia
• SIN extends the deadline for the fourth and fifth taxpayer groups

BULGARIA

• Value Added Tax (VAT) Guidelines: Bulgaria

CAMBODIA

• GDT earns $46 million on e-commerce VAT income

CZECH REPUBLIC

• Czech consolidating reduced VAT rates 2024; new 12% rate

DENMARK

• National Tax Tribunal: Denial of Registration for VAT
• National Tax Tribunal: Tax Authority was entitled to interrupt the payment deadline of 3 weeks
• VAT on the Transfer of Assets to a Company – Business Transfer

ESTONIA/ LIECHTENSTEIN/ LUXEMBOURG/ SINGAPORE/ SWITZERLAND

• Changes in standard VAT rates in Estonia, Luxembourg, Singapore and Switzerland per Jan 1, 2024

EUROPEAN UNION

• How tax departments should prepare for CBAM
• Navigating VAT in the Digital Age (ViDA) for E-commerce Sellers

ECJ

• Flashback on ECJ cases C-380/99 (Bertelsmann) – The taxable amount for the supply of a bonus in kind includes the delivery cost
• Flashback on ECJ cases C-86/99 (Freemans) – Discount obtained at the time the action is performed – Price reduction after the action has taken place
• New ECJ VAT Case C-532/23 (Lear Corporation Hungary) – No details known yet

EUROPEAN UNION/ ITALY

• Council Implementing regulation to authorize to extend VAT split payment till June 30. 2026

GERMANY

• E-Invoicing in Germany: Mandatory as of 2026, EDI not longer allowed as of 2028

GREECE

• Extension of the deadlines for businesses in the areas were affected by fires in August 2023
• Penalty for late submission of declaration of change of VAT status
• VAT exemption to imported goods under certain procedures no longer applicable if declared customs value is disputed

INDIA

• Centre adopts Kerala’s Lucky Bill app for GST compliance
• Launch of Invoice Incentive Scheme “Mera Bill Mera Adhikaar” from September 1, 2023; All you need to Know
• Petroleum dealers press for GST tax regime

ITALY

• Italy approves framework for major tax reform
• Ruling 419: Possibility of submitting supplementary declarations in order to be able to claim deduction, concerning interventions carried out on a…

KUWAIT

• IMF Report recommends Kuwait to implement VAT

MALTA

• Course Zampa Debattista – Navigating the Articles of the Malta VAT Act (Oct 27, 2023)

MEXICO

• Preparing companies for increase of customs audits and inspections (Video Chat)

MOLDOVA

• SFS informs about changes to the VAT department for the HORECA field

NETHERLANDS

• AG Supreme Court: Territorial scope of the Dutch VAT group is justified
• Magic Mushrooms for VAT No foods: 21% VAT
• Territorial limitation of VAT group according to AG not in conflict with freedom of establishment

NIGERIA

• FIRS: From Sept 1, companies trading in TV masts, cell towers to charge VAT

OMAN

• Oman e-invoicing October 2024

PARAGUAY

• Paraguay Tax Agency Releases Binding Consultation Clarifying VAT on Digital Call Center Services for Nonresidents

PHILIPPINES

• Indirect tax incentives for natural gas projects
• Value Added Tax (VAT) Guidelines: Philippines

POLAND

• Ruling: No right to deduct VAT from expenses for the implementation of the agricultural waste collection project
• Ruling: No right to deduct VAT from expenses for the implementation of the album release project
• Ruling: No right to deduct VAT from expenses for the implementation of the asbestos-containing waste disposal project
• Ruling: Organization of a charity auction by the foundation as not covered by VAT
• Ruling: Settlement of VAT in connection with the transfer of a road investment to the commune by the investor
• Ruling: VAT exemption for tutoring
• Ruling: VAT exemption on delivery after first occupation
• Ruling: VAT on the enforced sale of real estate
• Ruling: VAT settlement by the municipality in connection with the photovoltaic investment
• Ruling: WIS – soybean oil sold for technical purposes – CN 15 – 0%
• Ruling: WIS GOODS – with bactericidal, fungicidal and virucidal properties, applicable only in health care – 8% VAT rate
• Ruling: WIS SERVICE (comprehensive service) – furniture
• Ruling: WIS TOWAR – building – PKOB 12 – 23% VAT rate
• Ruling: WIS TOWAR – edible soybean oil sold for technical purposes
• VAT settlement by a small taxpayer

ROMANIA

• Reduced rate of 5% VAT for heat pumps and deliveries of wood in various forms: Law no. 216/2023

SOUTH AFRICA

• The bittersweet extension of sugar tax to pure juice

SPAIN

• Note on issues relating to mixed-use vehicles on loan to employees
• VAT in Spain explained

SWITZERLAND

• Upcoming VAT compliance changes

THAILAND

• Self-Reporting of Unpaid Customs Duty in Thailand

UGANDA

• Government Expands Input VAT Credit

UNITED KINGDOM

• The Annual Accounting Scheme – A Comprehensive Guide
• What are the penalties for submitting a late UK VAT return?

UNITED STATES

• Washington: How do you know an item qualifies for an export sale when a customs broker is involved?

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on August 25, 2023
• Crypto Poses Significant Tax Problems—and They Could Get Worse
• Fossil Fuel Subsidies Surged to Record $7 Trillion
• IBFD International VAT Monitor – Recent articles
• IBFD Training: Advanced Professional Certificate in International VAT/GST
• IMF Recommends Carbon Taxes, Abolishing Fuel Subsidies to Reach Climate Goals
• Technology … An Indirect Tax Expert best friend – Recent articles (4)

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