VATupdate.com Daily Newsletter – November 21, 2023

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Headlines November 21, 2023

• 123rd meeting of the EU VAT Committee meeting on Nov 20, 2023 – Agenda & Documents shared
• Malaysia Updates Guidelines for E-Invoicing Requirements Including Revised Implementation Timeline
• Japan Consumption Tax digital services; app stores targeted 2025
• Exploring B2B and B2G E-Invoicing Mandates Across Europe

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• VATupdate Newsletter Week 46 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 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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ANTIGUA & BARBUDA

• Antigua Government Announces Holiday Sales Tax Cut to Boost Economy

CHINA

• Expansion of the Fully Digitalized E-Fapiao pilot program in China

COLOMBIA

• Colombia Introduces New E-Invoicing Rules and Electronic Document Specifications
• Colombia Publishes Resolution Updating e-Invoicing Rules

EUROPE

• Exploring B2B and B2G E-Invoicing Mandates Across Europe

EUROPEAN UNION

• 123rd meeting of the EU VAT Committee meeting on Nov 20, 2023 – Agenda & Documents shared
• Digitalisation and real-time reporting ‘behind 38% reduction in VAT gap’
• EU Commission ViDA Implementation Delayed Due to Member State Deliberation on E-Invoicing & Digital Reporting
• New ECJ VAT Case C-680/23: Modexel vs. PT
• Recovering Overpaid Duty: Gabel Industria’s Potential Avenue for Legal Action against A2A Energia
• ViDA: Potential Delay in VAT Changes for the Digital Age

EUROPEAN UNION/ POLAND

• Correcting VAT on Gym Entry Fees: Advocate General’s Opinion on DIAS w Bydgoszcz Case

EUROPEAN UNION/ UNITED KINGDOM

• Proposal to Amend VAT Directive for Northern Ireland: Procedure 2023/0402/NLE
• Proposal to Extend UK’s Special VAT Measure for Northern Ireland: Council Implementing Decision

GCC

• The tax neutrality principle has not been fully realized in applications of VAT in GCC

GERMANY

• Conditions for Deducting Input Tax from Municipal Economic Development Company’s Development Costs

GERMANY

• Waiting for Christmas Without a Happy Ending: VAT in Gastronomy Rises Back to 19%

GHANA

• Ghana 2024 Budget Statement Delivered

GREECE

• myDATA: Processes and Obligations Seminar Organized by ΛΣΑ-ΠΑΕΛΟ on November 20, 2023
• Possible Extension of VAT Cut till June to Support Economy and Prevent Price Burden on Consumers
• The “construction” of myDATA fines

INDIA

• Deadline Approaching for Correct Declaration of Input Tax Credit in GST
• DGGI Sends Notices to Real Estate Firms Demanding GST Payment for Intra-Group Transactions

ITALY

• Fighting VAT fraud: PSP with new obligations on cross-border payments
• Ordinary or flat-rate VAT regime for entertainment activities? Evaluating the most advantageous option.
• Strengthening Measures to Combat False or Inactive VAT Numbers in the 2024 Budget Law
• VAT also due for registration of vehicles from San Marino

JAPAN

• Japan Consumption Tax digital services; app stores targeted 2025

KAZAKHSTAN

• Fake news about the introduction of VAT payments – November 20, 2023

MALAYSIA

• Malaysia Updates Guidelines for E-Invoicing Requirements Including Revised Implementation Timeline

MALTA

• What are the VAT rates in Malta?

NETHERLANDS

• Deductibility of transformation costs for national monuments to housing
• Publication on possible discrimination in BPM due to depreciation table as of July 1, 2023
• Transition law VAT increase does not apply to exercise right of sale option for new homes

OMAN

• Tax Authority’s Risk Management Program: Empowering Employees to Tackle Risks Professionally

PAKISTAN

• FBR Introduces Monetary Penalties for Failure to File Sales Tax Returns in 2024
• Pakistan Allows Sales Tax Invoices in English or Urdu Language

PHILIPPINES

• Optional VAT Registration Now Available for Transitory Domestic Enterprises in Eco Zones: BIR
• Understanding VAT Refunds: Requisites, Procedures, and Documentary Requirements

POLAND

• High VAT on the receipt. Companies are getting closer to victory
• Legislative Changes to VAT and Other Acts: Updates on JPK_V7 Reporting, Cash Register Exemptions, and Beverage Packaging Deposit Scheme
• Maximizing VAT Savings: Strategies for Year-End and New Year Optimization
• More responsibilities are coming for local government units in connection with KSeF
• RTC Webinar – Embracing Poland’s e-Invoicing Revolution: Preparing for July 2024 (Nov 28)
• Ruling: Packed honey subject to 0% VAT
• The National e-Invoice System will complicate making transfers
• Update of API for National e-Invoice System and Taxpayer Application KSeF in Pre-production Environment (Demo)
• Who Should Start Testing e-Invoicing Today: Ministry of Finance Source
• Who Should Start Testing e-Invoicing? For Whom and From When is KSeF?
• Zero VAT on food: Soboń presents bill proposal today

ROMANIA

• Romania Publishes Bill to Recategorize VAT Rates for Various Goods and Services

SAUDI ARABIA

• New taxpayer group in scope of Phase 2 of e-invoicing announced
• Saudi Arabia announces new taxpayer group for Phase 2 of e-invoicing implementation
• Saudi Arabia Announces Ninth Wave of Phase 2 e-Invoicing Implementation
• Saudi Arabia announces ninth wave of Phase 2 e-invoicing implementation for high-revenue taxpayers
• Saudi Arabia approves new operating procedures of the General Secretariat of Zakat, Tax and Customs Committees

SERBIA

• Serbia’s VAT Rulebook Amendments: Impact on Foreign Customers’ VAT Refunds

SINGAPORE

• CDC and GST Vouchers 2023: Everything You Need To Know and How Much You’ll Get

SOUTH AFRICA

• South Africa Rejects Expanding Vat Exemptions, Focuses on Targeted Policies to Benefit the Poor

SRI LANKA

• COPA Questions IRD on VAT Collection Amid Recent Increase
• COPA Urges IRD to Ensure Proper Collection of VAT for Government Revenue
• VAT to Increase to 18% from Next Year, Imposed on More Goods and Services

SWEDEN

• Sweden Implements New Reporting Obligations for Payment Service Providers to Combat VAT Fraud

TAIWAN

• Taiwan Notes Incentives for Enterprises that Upload Electronic Account Books

UKRAINE

• How are VAT amounts taken into account when determining the tax base for corporate income tax?
• How can a newly created “unit” with a 3% rate become a VAT payer?
• Taxation of Gift Certificates: VAT on Sales and Free Supply to Others

UNITED KINGDOM

• Changes to the DIY Housebuilders’ Scheme: Electronic Claims and Extended Deadline
• Overview and User Testing of HMRC’s Single Trade Window
• Tourism Minister Urges Government to Cut VAT to Support Scotland’s Tourism and Hospitality Sector

UZBEKISTAN

• Increase in the Number of VAT Payers in Uzbekistan Exceeds 192,000

VIETNAM

• Continuing the implementation of VAT reduction is necessary

WORLD

• VATupdate.com Daily Newsletter – November 20, 2023

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