24/7 VAT News on www.vatupdate.com – This was in the news on August 24, 2023

Headlines August 24, 2023

• Composite supplies – French authorities provide indicative list of European case law
• France – Airbnb rentals soon subject to VAT?
• Amazon VAT: The Complete Guide to VAT for Selling on Amazon
• What are the EPR Directives in the EU?

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• VATupdate Newsletter Week 33 2023
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 33/2023
  • Editorial: E-Invoicing implementation in the EU … Why can’t we live together?
• ECJ
  • 947 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in July 2023
• July 2023 – VAT rate changes/updates/news in 45 countries

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ASIA PACIFIC

• Top 10 takeaways from the KPMG Asia Pacific Tax and Legal Summit

AUSTRALIA

• How to claim back GST as a tourist in Australia
• LCT and GST: Taxpayer selling luxury cars in “museum” showroom loses appeal

AZERBAIJAN

• Does the transfer of VAT to the VAT deposit account after two working days violate the requirement of the legislation?
• Ruling: Can the VAT paid during the construction of the property given to the public institution free of charge be offset?

BRAZIL

• Brazil takes a leap towards consumption taxes reform

CANADA

• GST/HST For Municipalities In Canada

CHINA

• Announcement on the Relevant Value-added Tax Policy for Supporting the Opening up of the Commodity Futures Market

CZECH REPUBLIC

• The effectiveness of changes in the application of VAT on real estate has been postponed

ESTONIA

• Estonia will increase the standard VAT rate by January 2024

EUROPEAN UNION

• Composite supplies – French authorities provide indicative list of European case law
• Multijurisdictional: VAT corrections in case of bad debts considering EU case law
• OSS VAT Returns: Deadlines, Exclusions and Penalties
• VAT on ICA counts for margin scheme

EUROPEAN UNION

• What are the EPR Directives in the EU?

EUROPEAN UNION/ UNITED KINGDOM

• Implications of European and UK Extended Producer Responsibility Changes

FRANCE

• Composite supplies – French authorities provide indicative list of European case law
• Airbnb rentals soon subject to VAT?
• Amazon VAT: The Complete Guide to VAT for Selling on Amazon
• French SIEE stops accepting emails from September 2023
• Import VAT: how to check that the amount pre-filled on your VAT return is correct?
• Public consultation – Rules applicable to composite offers
• Updated guidance: Place of supply of services – Derogations from the general rules relating to the supply of services provided to taxable persons or non-taxable persons
• Updated guidance: Second-hand goods, works of art, collectibles or antiques – Special provisions applicable to second-hand goods
• Updated guidance: Sectoral regimes – Banking and financial transactions – Scope – Exempt transactions
• VAT deduction on cargo bikes

GERMANY

• Germany Draft Growth Opportunity Act which contain details about new e-Invoicing System
• No VAT on decentralized use of electricity generated in a combined heat and power plant
• Update: Alternative services of a gym during Corona lockdown subject to VAT?

GHANA

• GRA rakes in GH¢500 million from VAT compliance exercise

GREECE

• AADE’s new digital mechanism for real-time monitoring of audits in Greece

HUNGARY

• Extended producer responsibility in Hungary – the relationship between green tax and the EPR, invoice clauses

INDIA

• Legislation introducing changes to GST on gaming
• VAT not applicable on inter-state sale of goods

INDONESIA

• Value Added Tax (VAT) Guidelines: Indonesia

IRELAND

• Ibec Calls For 9% VAT Rate To Be Retained
• Irish Revenue Updates Guidance on Exemptions and Reliefs from Stamp Duty

ITALY

• Sports, teaching and training services of ASD and SSD are exempt from VAT
• VAT exemption for veterinary services

JOB OPPORTUNITIES

• Job opportunities in Belgium, Germany, Switzerland and United Kingdom

KOSOVO

• Kosovo VAT guide for e-commerce

MALAYSIA

• Malaysia to Introduce Mandatory Electronic Invoicing: CTC Clearance Model

MAURITIUS

• Mauritius 2023-2024 Budget Measures Enacted Including Various Income Tax and VAT Measures

NEPAL

• Notice on Reporting Period for VAT Return Filing

NETHERLANDS

• Memorandum of answer to the CBAM transition period

NORWAY

• Clarification on Import VAT Deduction for Goods
• Question regarding electronic signing of adjustment agreement

PARAGUAY

• Tax Agency Releases Binding Consultation Clarifying VAT Withholding Obligations for Nonresident Reinsurance Services

PHILIPPINES

• Clarification of the VAT zero-rating of REEs and other entities on local purchases
• New VAT refund guidelines: Rerun or revamp?
• The need to review the rules on VAT zero rating

POLAND

• Ruling: WIS GOODS – casing – CN 2106 – 8% VAT rate
• Ruling: WIS GOODS – food, peptones – CN 3504 – 23% VAT rate
• Ruling: WIS GOODS – product intended for consumption after dilution with water – CN 2106 – 8% VAT rate
• Ruling: WIS TOWAR – dormitory building – PKOB 11 – 23% VAT rate
• Ruling: WIS TOWAR – liquid inorganic, macronutrient fertilizer – 8% VAT rate
• Tax settlements of local government units within the VAT group

ROMANIA

• August insight about e-invoicing in Romania

RUSSIA

• How to determine the VAT base when buying goods from a foreign supplier for currency
• Ministry of Finance clarified the specifics of calculating VAT upon assignment of the right to claim under an agreement
• VAT To Be Calculated by Tax Agent Using Exchange Rate On Day of Payment to Non-Residents, Ministry of Finance Clarifies

SAUDI ARABIA

• Criteria for the eighth wave of VAT e-invoicing integration revealed
• Eighth Wave of E-Invoicing Applicability

SLOVAKIA

• Consultations open for amendments to VAT regulations for the Digital Age

SOUTH KOREA

• Customs Value of Goods Imported from Bonded Area (Supreme Court Decision)

SPAIN

• Agencia Tributaria: VAT and e-commerce
• White Paper: VAT Reporting in Spain

SRI LANKA

• Notice to Taxpayers: Registration for VAT & Social Security Contribution Levy

THAILAND

• Extension of VAT Payment Deadline for Submission of VAT Return of Entrepreneurs Providing Electronic Services from Abroad or Operating Electronic…
• Introduction of tax exemptions for digital investment token transfers
• Thailand tourism gets VAT refund scheme boost

UKRAINE

• Is the VAT payer registration cancelled in the event of a reorganization?
• Nuances of VAT taxation of housing supply transactions
• Supply of equipment on renewable energy sources: what about VAT?
• Which single tax payers can be VAT payers?

UNITED KINGDOM

• HMRC makes major change in pet food VAT guidance and drops legal case against Kidwelly-based manufacturer
• Hotel La Tour – UT confirms input tax recoverable on fiscal neutrality grounds
• Official Statistics Plastic Packaging Tax (PPT) statistics commentary
• Sonder Europe Ltd – Tribunal allows taxpayer’s appeal confirming that it was a tour operator within the scope of the Tour Operator’s Margin Scheme…
• Tour Operators’ Margin Scheme (TOMS) A Brief Guide
• What are the penalties for submitting a late UK VAT return?

UNITED STATES

• 2023 Legislative Update: More Exemptions, More Fees, One State Tax Cut
• Construction contractors and sales tax
• New York & New Jersey And Sales Tax – SaaS, Software & Other

VIETNAM

• Software Exporters in Vietnam Should Plan to Maximize VAT Refund

WORLD

• 24/7 VAT News on www.vatupdate.com – This was in the news on August 23, 2023
• GVC Webinar: Optimizing VAT Compliance Services: Leveraging Tax Technology and Partnership Opportunities (Sept 28)

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