24/7 VAT News on www.vatupdate.com – This was in the news on September 20, 2023

Headlines September 20, 2023

• DAC8: European Parliament passes resolution on reporting rules for crypto-asset service providers
• Greece myDATA E-Book Reporting; 2025 E-Invoicing potential
• Federal Cabinet approves draft law expanding VAT exemptions in the financial sector
• Even non-established entitites with VAT registration in Romania may be obliged to send invoices in national electronic invoicing system

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• Global VATupdate Newsletter Week 37 2023
• E-Invoicing
  • E-Invoicing & E-Reporting developments 
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 35/2023
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • Agenda of the ECJ VAT cases – 4 AG Opinions, 2 Hearings announced till October 12, 2023
  • 947 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in August 2023
• VAT Rates
  • August 2023 – VAT rate changes/updates/news
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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AFRICA REGIONMIDDLE EAST

• VAT Determination: Avoiding the Domino Effect

BOSNIA AND HERZEGOVINA

• Donated Food goes VAT-free

CANADA

• Finance Announces Plan to Increase GST Rebate on New Rental Apartments
• Trudeau’s GST ‘rental housing’ exemption lame without municipal support

COSTA RICA

• Costa Rican Tax Authority clarifies Tax Treatment of Crypto-Assets

CYPRUS

• Cyprus Extends Temporary Zero VAT Rate for Basic Goods

DENMARK

• Fraud case before Western High Court – Cars, fictitious invoices, etc.

EUROPE

• Preparing for New E-Invoicing and E-Reporting Regulations

EUROPEAN UNION

• CBAM | Navigating the Carbon Border Adjustment Mechanism
• CESOP, VAT and PSD2: Ten things Payment Service Providers, Businesses Processing Payments and E-Commerce Merchants should know before Go-Live on 1…
• Countdown begins on EU Carbon Tax
• DAC8: European Parliament passes resolution on reporting rules for crypto-asset service providers
• EU Parliament Approves DAC8 Regulation to Oversee Taxation of Cryptocurrencies
• EU Parliament Votes Overwhelmingly in Support of DAC8 Crypto Tax Reporting Rule
• European Union: DAC8, Companies will soon have to Declare all your Cryptocurrency Transactions to Tax
• Global Tax Policy and Controversy Watch | September 2023 edition
• Upcoming Deadline for EU Companies Reclaiming VAT on Foreign Invoices/Supplies
• VAT on Cross-Border Transportation

FINLAND

• At the latest, you need to find out if you are a Platform Operator – the Finnish Tax Administration published DAC7 Technical Guidance

FRANCE

• France E-Invoicing: What is and How to Submit It?

GERMANY

• Federal Cabinet approves draft law expanding VAT exemptions in the financial sector
• VAT & company events

GREECE

• Greece myDATA E-Book Reporting; 2025 E-Invoicing potential
• Measures to combat tax evasion – full myDATA implementation by 2024
• New VAT rules for short-term real estate leasing

INDIA

• Does all cases of employee secondment be a service?
• GSTN; Geocoding functionality for the “Additional Place of Business” address is now active across all States and Union Territories
• Ice cream topping crackle likely to attract 18 per cent GST on AAR ruling
• India Imposes a New Time Limit to Report Invoices in the Invoice Registration Portals

INDONESIA

• Customs targets examination of companies that utilize under-name import

ITALY

• All about B2B E-Invoicing in Italy
• Foreign VAT refunds – deadline of 30 September
• Italian tax reform aims to revise VAT provisions related to exempt operations.
• Ruling 431: VAT and the potential adjustment of deductions when assets are removed from a business and subsequently transformed into a simple…
• VAT-related “Codice della crisi”for institutions, liquidators, and restructuring entities have been expanded

KAZAKHSTAN

• Kazakhstan Considering 300% Deduction for R&D Expenses

NETHERLANDS

• Cabinet will leave follow-up steps after evaluating the reduced VAT rate to the next cabinet
• Occupancy of building per independent apartment: notional turnover is not included in pro rata calculation

POLAND

• Are Architectural Design Services Eligible for VAT Exemption?
• Blockchain Projects Financed by Crowdfunding and the VAT issue – the Ruling of the Provincial Administrative Court in Gdańsk
• Does Renting Premises Exclusively for Residential Purposes of the Tenant Benefit from VAT Exemption?
• From January 2024, will we Pay for Food with VAT? The Decision will be made After the Elections!
• How to Settle the Donation of a Motorcycle Purchased from a Lease
• Ruling: WIS TOWAR – cheese made from cow’s milk cream – CN 18 – 23% VAT
• Ruling: WIS TOWAR – dietary supplement in capsules – CN 2106 – 8% VAT
• Ruling: WIS TOWAR – drink (protein product) – 0% VAT rate
• Update of the API of the National E-invoice environment on 21 September

ROMANIA

• Even non-established entitites with VAT registration in Romania may be obliged to send invoices in national electronic invoicing system
• Romania B2B RO e-invoicing eFactură: full launch July 2024
• Webinar SNI – What to expect with Romania’s e-Invoicing System: RO E-factura? (Sept 27, 2023)

RUSSIA

• Codes of medical products for VAT benefits have been adjusted
• First Applications for Setting Zero VAT not Expected from Ship Repair Companies before January 2024

SAINT KITTS AND NEVIS

• No Import Duty, No CSC, & Reduced VAT for First-Time Homeowners

SLOVENIA

• Slovenia Gazettes List of Equipment Related to Reduced VAT Rate

THAILAND

• Extension of reduced VAT rate period to support imports and sales
• Thailand Gazettes Decree Further Extending Reduced Standard VAT Rate

UNITED ARAB EMIRATES

• New VAT reverse charge mechanism on local supplies of electronic devices

UNITED KINGDOM

• Understanding the Flat Rate Scheme of VAT: Benefits and Considerations

UNITED KINGDOM

• VAT on Food, Confectionery & Catering

UNITED STATES

• Tennessee Appellate Court Holds for Taxpayer that Manufacturing Exemption Does Not Require Production of New Product

VIETNAM

• How to reduce VAT in the field of construction?

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on September 19, 2023
• E-Invoicing Exchange Summit Europe (Dublin): ViDA and the Major Industry Trends, Challenges and Opportunities (Oct 2-4)
• E-Invoicing Mandates Across the Globe

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