VATupdate.com Daily Newsletter – November 14, 2023

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Headlines November 14, 2023

• VAT triangulation regime: what does it mean?
• Spain – Electronic Invoicing, the Long-Awaited Approval
• EU – Approved Amendments of the European Parliament on ViDA
• Amazon – Deemed Supplier Liability and Blocked Merchants’ Accounts

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• VATupdate Newsletter Week 45 2023
• Global changes in the Indirect Tax landscape per October 1, 2023 – An Overview
• 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 44 & 45/2023
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in October 2023
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • Agenda of the ECJ VAT cases – 1 Judgment, 1 AG Opinion, 1 Hearing announced till December 7, 2023
  • 971 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in October 2023
• VAT Rates
  • October 2023 – Main VAT rate changes/updates/news on VATupdate.com
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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AUSTRALIA

• Will Australia implement a carbon border adjustment mechanism?

BRAZIL

• Updates in Foreign Trade
• Updates on Tax on Industrialized Products (IPI) and State Sales Tax (ICMS) in Brazil

DENMARK

• Denmark Tax Agency Clarifies Import VAT Deduction for Leased Assets
• What Type of Fiscalization System is Used in Denmark?

EUROPEAN UNION

• Amazon – Deemed Supplier Liability and Blocked Merchants’ Accounts
• Approved Amendments of the European Parliament on ViDA
• VAT Exemptions for Small Businesses in EU Member States
• VAT triangulation regime: what does it mean?

GHANA

• The Impact of High VAT Rates on Ghana’s Economy – GUTA’s Perspective

INDIA

• ITAT Weekly Round-up
• Supreme Court and High Court Weekly Round-Up

ITALY

• Changes in VAT for Non-Profit Associations: Analysis of the Novelties and Implications
• Credit Recovery through Offset with Non-existent VAT Debt for Tourism Sector Operators
• New Reporting Obligations for Payment Service Providers
• The Controversial Treatment of VAT on Sums Derived from a Settlement Agreement

JAPAN

• Japan Considers Taxing Tech Giants to Collect Consumption Tax on Overseas Game Apps

LITHUANIA

• Lithuania Raises Intrastat Threshold for Reporting Intra-Community Goods Movements in 2024

NIGERIA

• Traders and FIRS Collaborate on VAT Collection to Reduce Multiple Taxation in Informal Sector

NORWAY

• Norway Tax Agency Provides Binding Advance Statement on VAT for Rental Services

PAKISTAN

• Preventing Passing On of Excess Sales Tax to Consumers: Pakistan’s Commitment to Fairness and Accountability

RUSSIA

• Expanded list of children’s goods subject to 10% VAT

SINGAPORE

• 5 Major Developments in Singapore

SLOVAKIA

• Guideline on the Return of VAT to a Foreign Person from a Third Country
• New Guidelines for VAT Refunds for Non-EU Persons in Slovakia

SPAIN

• Electronic Invoicing, the Long-Awaited Approval

SRI LANKA

• Sri Lanka to Expand VAT Base and Increase Rate to 18% in Austerity Budget
• Sri Lanka To Substantially Broaden VAT Base
• Sri Lanka’s 2024 Budget sets Ambitious Revenue, Deficit Targets

UNITED KINGDOM

• Car Dealerships Lose £730k VAT Refund Claim for Sale of Ex-Demonstrator Cars
• How and When you must Register for VAT in UK?
• The Importance of Best Judgement in VAT Assessments: Understanding the Criteria and Challenges

UNITED STATES

• Alabama Tax Tribunal Upholds Audit Assessment with Adjustments Made Based on Taxpayer’s Challenges
• Georgia Sales and Use Tax on Digital Products Effective January 1, 2024
• Louisiana Denies Dillard’s Refund Claim for Sales Tax on Bad Debt Purchases
• Maine Supreme Court Rules on Apportionment of Pharmacy Benefit Management Company’s Service Receipts
• Missouri Supreme Court Upholds Use Tax Resale Exemption for IT Equipment Purchases
• Proposed Regulations: Excise Taxes on Taxable Distributions from Donor Advised Funds
• Texas Supreme Court Denies Best Buy Customers’ Appeal in $11 Million Sales Tax Lawsuit
• Walmart Entity Qualifies for Resale Exemption in Missouri: Supreme Court Decision

VIETNAM

• Ruling: Are waste collection and transportation services subject to VAT?

WEBINAR/EVENTWORLD

• E-Invoicing Exchange Summit Asia (Dec 4-6, 2023)

WORLD

• Countries Rally Around OECD’s Crypto-Asset Reporting Framework
• VATupdate.com Daily Newsletter – November 13, 2023

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