BULGARIA
- Bill to Harmonize VAT Rules With EU Directives, Court Decisions, and allow VAT bad debt claims
- Bulgaria Approves Rules for VAT Bad Debt Relief
- Bulgaria introduces bad debt relief to fall in line with EU
- Bulgaria VAT relief on bad debts 2023
- Bulgarian Government proposes VAT bad debt relief
- Changes in VAT law
- Changes in VAT law, including reporting of data regarding cross-border payments
- Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)
CARIBBEAN NETHERLANDS
ECJ
- Comments on C-482/21 (Euler Hermes) – Approach of the Czech VAT Act is consistent
- Comments on ECJ C-482/21: Credit Insurers confronted with the VAT limits of Bad Debt Relief!
- Comments on ECJ C-482/21: The consideration for a supply can also be obtained from a third party
- Comments on ECJ C-482/21: VAT refund on assignments of bad debts
- Comments on ECJ C-507/20: Starting Date of Limitation Period for Adjustment of Taxable Amount in Case of Bad Debt
- Comments on C-482/21 (Euler Hermes): Reduction of the basis for assessment of VAT due to irrecoverable Debts
- ECJ Case: Clarifications on Hungarian VAT base reduction rules for insurance companies
- Flashback on ECJ cases C-330/95 (Goldsmiths) – Refund VAT in case the remuneration is in kind
EUROPEAN UNION
- European Union Bad debt relief not always available for debt insurers
- How to recover VAT from unpaid invoices?
GERMANY
INDIA
- GST Council Recommends New GST Provision for Reversal of ITC In case of Non-Payment of Tax by Supplier
- Treatment of GST dues after Insolvency Proceedings: GST Council hints at Amendment of Rule 161 CGST and Form DRC-25
ITALY
- Bankruptcy procedure: when it is possible to offset the VAT credit of professionals with tax debts
- Ruling 32: Invoice regularization: how to recover VAT
- Ruling 485: VAT variation notes – Non-acceptance of the receiver – Late lodgement of liabilities
NETHERLANDS
POLAND
- MOF Clarifies Tax Treatment of Bad Debt Relief on Unpaid Invoices
- There is no tax on unpaid invoices
- There is no VAT due on unpaid invoices
SINGAPORE
SLOVAKIA
- Changes in the area of VAT from 1 January 2023
- Correction of deducted VAT from outstanding liabilities from January 1, 2023 in Slovakia
- Deduction of VAT and definition of irrecoverable debt
- From 1.1.2023: VAT bad debts relief & obligation to correct deducted input VAT
- Legislative changes in the area of VAT effective from 2023 and 2024
- National Council of the Slovak Republic approved the amendment to the Slovak VAT Act
SPAIN
- A more reasonable use and enjoyment rule leads Spain’s VAT developments for 2023
- Budget 2023: Changes to Place of Supply rules, ease bad debt recovery, extend reverse charge mechanism
- Changes to the bad debt procedures per Jan 1, 2023
- Procedure for the recovery of VAT and IGIC accrued in the event of non-payment
- Spain VAT updates in budget – bad debt reform
- Tax measures in 2023 budget law
- VAT measures in 2023 budget law
- VAT proposals in draft 2023 budget law: U&E rule, Bad debts, E-Commerce, ….
SWEDEN
UNITED ARAB EMIRATES
- Avoiding Common VAT Mistakes in the UAE: Lessons from Legal Cases
- How do you adjust VAT paid on sales that become bad for collection?
UNITED KINGDOM
- Assignment of bad debts
- FTT: Allegion (UK) Ltd – Bad debt relief
- HBOS & Lloyds Banking Group – UT – Bad Debt Relief and interest – date from which interest runs – taxpayer win
- HMRC Guidance: Insolvency (VAT Notice 700/56)
- Interest on Bad Debt Relief claims runs from a date earlier that of the claim
- UT: HBOS PLC – s78 VATA 1994 interest for official error (bad debt relief related)
UNITED STATES
- Bad debt sales tax credit and B&O tax deduction (Washington State)
- Expanded sales tax deduction for bad debts (Ohio)
- Ohio Expands Bad Debts to Include Tax Paid on Purchases made with Private Label Credit Cards
- Ohio: New Law Permits Bad Debt Deductions for Certain Private Label Credit Card Transactions
- Washington: Retailer Can’t Claim “Bad Debt” Refunds on Defaulted Private Label Credit Card Payments
