Global VATupdate Newsletter Week 19 2023

Highlights (there is much more)

·??????Recent Global E-Commerce VAT/Indirect Tax developments – An overview

·??????Global Developments E-Invoicing/E-Reporting/SAF-T – Week 18

·??????India - 7-day timeline for reporting invoices via IRP Portal

·??????India - GST E-Invoicing Limit reduced to Rs. 5 Crore from 1st August 2013

·??????Europe - May 2023: 10 VAT rate changes (confirmed and proposed) announced this month

·??????ECJ C-184/23 (Finanzamt T) – Questions – Are supplies within VAT group outside scope of VAT if input VAT is limited?

·??????ECJ C-179/23 (Credidam) – Questions – Are payments provided by law considered taxable transactions?

·??????Timeline of E-Invoicing & E-Reporting mandates in the European Union

·??????Czech Republic - Government Proposes to Convert Multiple Reduced VAT Rates into Single Reduced VAT Rate of 12% - This is approved

·??????France - External specification file for electronic invoicing issued in English

·??????France - France introduces new VAT E-Invoicing rules from July 2024

·??????E-invoicing in Greece: Decision on the implementation timeline for the B2G mandate

·??????France E-Invoicing/E-Reporting: Quid expenses paid by employees for business purposes?

·??????Poland - Government has adopted the National e-Invoice System (KSeF)

·??????Romania - ANAF checks on fixed and permanent offices / Other states have sent ANAF notifications for the forced execution of those in Romania / “They are a little…

·??????Five key questions about e-invoicing in Romania – New Edition

·??????Switzerland - The VAT treatment of barter transactions

ZATCA announces criteria for selecting taxpayers in fourth wave of e-invoicing