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Headlines November 24, 2023
- France – Senate proposes updated timelines for the French CTC mandate
- Italy – Simplified regularisation in case of duplicated electronic invoices
- UK – VAT Gap in tax year 2022 to 2023 is £8.8 billion, which is 5.3% of the net VAT total theoretical liability
- Czech Republic – President Signs Bill Increasing CIT Rate to 21%, Converting Multiple Reduced VAT Rates into Single 12% Rate
- 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
- VAT Rates
BAHRAIN
BANGLADESH
BOSNIA AND HERZEGOVINA
CANADA
CANADA/ GHANA/ OMAN/ POLAND/ SERBIA
COLOMBIA
CZECH REPUBLIC
DENMARK
- Court ruling: Tax liability for sale of wine and gambling winnings in a business enterprise
- Denmark B2B Domestic Reverse Charge Telephony Services
ECJ
- Comments on ECJ C-532/22: Determination of place of service does not apply to recording erotic video chats
- Comments on ECJ C-532/22: Romanian Studio Taxed for Erotic Streams
- ECJ Customs Case C‑653/22: Interpretation of Article 42(1) of Regulation No 952/2013 on Customs Penalties
EUROPEAN UNION
- European Parliament wants One-Year Postponement of ViDA Proposals
- GENA(EESPA) Urges EU Leaders to Address Challenges in Digital Reporting Requirements
- List of VAT-Exempt Investment Gold Coins Meeting Criteria for 2024
FRANCE
GERMANY
- The Carbon Border Adjustment Mechanism (CBAM) and Compliance Obligations in Germany
- Understanding the Economic Integration in VAT Grouping and its Implications
GHANA
GREECE
- Clarification on VAT Treatment of Contracts for Differences and OTC Derivatives in Greece
- Clarifications on the correct application of Circular E. 2066/2023 regarding the VAT treatment of Contract For Differences (CFD)
- Clarifications on the use of the tax certificate in case the rate has been modified
- Clarifications on VAT acquisition or import of investment goods
- Clarifications on VAT exemption for OTC derivatives
- Third Country Imports with Folder and Transfer to myDATA (Detailed Example)
- VAT Refund on Credit Invoice for Bond Haircuts in Pharmaceutical Companies 2008-2009
INDIA
- 5 Quick & Easy Steps To Identify and Report Fake GST Bills To Avoid Scams
- Delhi High Court Questions GST Authorities’ Order to Cancel Firm’s Registration
- Experts Suggest Expanding GST Amnesty Scheme to Benefit More Taxpayers
- GST Council’s Role Only Recommendatory: HC
- Surat Police Arrest Two Individuals for GST Fraud Using Bogus Firms
IRELAND
ITALY
- 10% VAT for Accommodation Services in Nautical Hotel: Agenzia delle Entrate Clarifies
- 10% VAT for cleaning and booking services in the nautical hotel
- Applicable VAT rate for services rendered to customers staying in dispersed nautical hotel
- Digitalization of the customs bills of export – Postponement of the entry intoforce on a date to be defined
- No VAT for the disposal of privately acquired property: a case-by-case evaluation for renovation works
- Regularization of violations related to the non-submission of the VAT return in presence of transactions subject to VAT
- Simplified regularisation in case of duplicated electronic invoices
IVORY COAST
KAZAKHSTAN
- Entrepreneurs informed about the need to register for VAT
- The Authentication Method will be Changed in the e-Invoice by November 25, 2023
LITHUANIA
MALTA
MAURITIUS
MIDDLE EAST
NETHERLANDS
- FE is a Reseller : Margin Scheme for Occasional Purchase of Yacht
- Introduction of DAC7: New Reporting Obligations for Digital Platforms to Combat Tax Evasion
- Magic truffles taxed at the general VAT rate
- Recording a false invoice in your administration is not fraud
PAKISTAN
PERU
POLAND
- Gmina exempt from paying VAT for contribution to municipal company
- Proposed Extension of List of Taxes Payable to Tax Micro-Accounts
- Refund of Overpaid VAT in the Case of an Overpaid VAT Rate on a Receipt – Polish Case before the CJEU
- RTC Webinar – Embracing Poland’s e-Invoicing Revolution: Preparing for July 2024 (Nov 28)
- The commune will not pay VAT on contributions in kind to the municipal company
- The Consequences of VAT Donation of a Family Member’s Business
SOUTH KOREA
SPAIN
SRI LANKA
TURKEY
UKRAINE
- Date for forming VAT PC based on travel expenses is the date of submitting an advance report
- Order of displaying by the supplier in VAT accounting operations for which a tax invoice was not timely issued
UNITED ARAB EMIRATES
- Eliminate VAT Return Filing Worries: Answering Common FAQ’s
- FTA Achieves over 3.44m Tourist Tax Refund Transactions in First 9 Months
- UAE Tax-Free Shopping: How Tourists Saved $490m on VAT Bills
UNITED KINGDOM
- Autumn Statement Highlights: VAT & Environmental Tax Updates for 2024
- Changes to VAT DIY Housebuilders Scheme: Digitization and Extended Claim Periods for Greater Savings
- CIS Gross Payment Compliance Tests to be Strengthened
- Complete Guide to VAT in the UK for DDP Sales: Navigating Post-Brexit Changes and Maximizing Efficiency
- HMRC Official Statistics: Second estimate of the VAT gap (tax year 2022 to 2023)
- VAT Gap in tax year 2022 to 2023 is £8.8 billion, which is 5.3% of the net VAT total theoretical liability
UNITED STATES
- Arkansas Sales Tax Applies to Residential Elevator Prescribed by Physician
- Texas Sales and Use Tax Exemption for Biometric Identification Service
- Texas Sales and Use Tax: Taxability of Electronic Games and Associated Content Explained
WORLD
- Fonoa Webinar – Recorded session & slide deck: Global E-invoicing Success: Practical In-House Strategies
- UN Adopts Historic Tax Reform, Shifting Power from OECD to Global South
- UN: Second Committee Approves Draft Resolutions on International Tax Cooperation and Poverty Eradication
- Understanding the CE Marking
- VATupdate.com Daily Newsletter – November 23, 2023
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