Global VATupdate newsletter - week 25/2022

Global VATupdate newsletter - week 25/2022

Highlights

·??????7 Risks of VAT Non compliance

·??????Peppol 5-corner model pilot to help tax authorities tackle VAT fraud

·??????Australia - Transfer pricing adjustments and customs obligations

·??????India - 47th GST Council Meeting likely to discuss changes w.r.t. E-commerce, SCN jurisdiction of Officers and NAA, for ease of business

·??????ECJ - Roadtrip through ECJ Cases – Focus on ”Exemption” – Transactions in shares, interests in companies or associations, debentures and other securities (Art. 135(1)(f))

·??????European VAT Refund Guide 2022

·??????Intrastat guide 2022

·??????Reverse charge penalties: which Member State is the penalty champion? Published on June 23, 2022

·??????European Commission Consulting on Draft Implementing Regulation for DAC7

·??????EU VAT in the Digital Age reforms update

·??????Poland eInvoicing to be introduced as from January 1, 2024

·??????Romania - Inclusion of SAF-T is mandatory for the majority of large taxpayers but there are some exceptions

·??????Romania Extends VAT Reverse Charge Mechanism for Certain Supplies

·??????UK VAT Gap shrinks to 7% of revenues as COVID aid ends

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