VATupdate.com Daily Newsletter – December 13, 2023

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Headlines December 13, 2023

• ECJ C-640/23 (Greentech) – Questions – Deduction of VAT in case VAT has been collected and cannot be refunded under national law
• France – Senate approved B2B e-invoicing for large enterprises per July 1, 2025
• German B2B e-invoicing failure to reach 2023 agreement
• Italy – VAT liability for Italian fixed establishments: a case-by-case analysis
• Romania Releases E-Invoicing Guideline: Key Updates for Taxpayers

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• VATupdate Newsletter Week 49 2023
• E-Invoicing
  • 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 48 & 49/2023
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in November 2023
    
• ECJ
  • Agenda of the ECJ VAT cases – 3 Judgments, 3 AG Opinions, 1 Hearing announced till January 11, 2024
  • 971 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in November 2023 … A Month of Relative Inactivity
• VAT Rates
  • Noteworthy VAT Updates and Rate Changes in November 2023
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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BELGIUM

• Extension of Electronic Notification Obligation for General Pro Rata Method in 2024

BOSNIA AND HERZEGOVINA

• Bosnia and Herzegovina double the VAT threshold registration

BRAZIL

• E-Invoicing Validation of GTIN codes in Group III

BULGARIA

• Bulgaria Extends 9% VAT on Tourism and Restaurants Until 2024
• Bulgarian Parliament Votes to Extend 9% VAT for Restaurants Until 2024

CYPRUS

• Cyprus Implements Temporary Zero VAT Rate for Meat and Vegetables
• Cyprus Provides Temporary Zero VAT Rate for Meat and Vegetables

EGYPT

• ETA Releases Guidelines on Reverse Charge Mechanism for Imported Services: Key Points and Penalties

EUROPEAN UNION

• DAC7 Legislative guidance and technical documentation from all EU countries
• EU Extends Import Duty Waivers for Developing Nations until 2027

EUROPEAN UNION/ ROMANIA

• ECJ C-640/23 (Greentech) – Questions – Deduction of VAT in case VAT has been collected and cannot be refunded under national law

FRANCE

• Postponed E-Invoicing and E-Reporting in France: New Implementation Schedule and Obligation Details
• Senate approved B2B e-invoicing for large enterprises per July 1, 2025

GERMANY

• German B2B e-invoicing failure to reach 2023 agreement
• Germany’s B2B electronic invoicing developments
• New Forms for VAT Registration of Foreign Entrepreneurs Released by the Tax Administration

GREECE

• Guidance Issued for Data Transmission Process and E-Invoicing on myDATA Platform
• Two New Centers for Taxation and Transformation of Tax Administration

INDIA

• GST E-Way Bills: A Complete Practical Guide to Logistic Compliance

ITALY

• No VAT on supply chains of fuel introduced into Italy from another EU Country under excise duty suspension regime
• VAT liability for Italian fixed establishments: a case-by-case analysis

LUXEMBOURG

• VAT Compliance and VAT Rates Luxembourg

NETHERLANDS

• Liability of director for additional VAT assessment not paid by BV
• No additional VAT liability for a partnership that has already been dissolved

NEW ZEALAND

• Understanding the GST implications of subdivision projects
• Understanding the GST Treatment of Subdivision Projects: Inland Revenue’s Guidelines and Implications

PAKISTAN

• FBR Introduces Updated Rules for Sales Tax De-registration Procedure

POLAND

• High Penalties and Risks for Taxpayers in Case of KSeF Failure
• KSeF failure: High penalties and risk on the taxpayer’s side
• Poland’s QR Code e-Invoice Application Set to Begin in July 2024: Details from the New Draft
• Ruling: Physical conditioning and health improvement services using the normobaric chamber subject to 8% VAT
• Ruling: VAT rate for assembly of strunobeton or wooden elements is 23%

ROMANIA

• Romania Releases E-Invoicing Guideline: Key Updates for Taxpayers

RUSSIA

• Calculation of average monthly payments when applying VAT exemption in public catering clarified from 2024

SLOVENIA

• Open consultation on draft amendment to procedure for release of goods in free circulation
• Slovenia Implements VAT Law and Payment Service Regulations to Align with EU Directive
• Slovenia: Overhaul of VAT Laws and payment service regulations

SOUTH AFRICA

• South Africa To Issue VAT Estimated Assessments

SPAIN

• Amendment of the Value Added Tax Decree in Gipuzkoa: Decree 14/2023
• Application of the reverse charge rule in construction projects
• Calculation of Material Costs in Renovation of Homes: Determining Applicable Rates for Works
• Tax implications for selling used clothing from personal assets in a rented store
• Tax rates for menstrual cups, IUDs, and other products in Spain
• Transmission of Pharmacy Business with Donation of a Portion – Non-Taxable under VAT Law

SRI LANKA

• President justifies imposition of 18% VAT on local IT and digital services, exempts export earnings
• Sri Lankan Lawmakers Agree VAT Hike

SWEDEN

• Real estate: Concept of permanent use, etc. in voluntary taxation

THAILAND

• Thailand Gazette: Criteria and Rules for VAT Refunds on Specific Products Clarified

TURKEY

• Turkey abolishes right of businesses to deduct import VAT under certain measures

UKRAINE

• Annual VAT Recalculation for 2023: Procedure, Applicability, and Impact on Declaration Preparation

UNITED STATES

• Washington Department of Revenue Provides Comprehensive Guidance on Crowdfunding Sales Tax Treatment

VIETNAM

• Debate on Implementing 5% VAT Import Tax on Fertilisers to Secure Stable Revenue Stream
• National Assembly to Debate 5% VAT on Imported Fertilisers

WORLD

• 2023 Revenue Statistics Report: Tax Levels and Structures in OECD Member Jurisdictions
• Amazon – Challenges of VAT Compliance for Merchants and Suspension of Accounts
• E-Invoicing Developing Rapidly in Asia Pacific
• VATupdate.com Daily Newsletter – December 12, 2023

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