Global VATupdate Newsletter Week 47 2022

Highlights (there is much more in the newsletter!!!)

·??????European Commission will launch its proposal on ”VAT in the Digital Age” (ViDA) on Dec 7, 2022 – More and more details are known

·??????E-Book: The future of e-invoicing

·??????Invoice to Payment mandates: global trends and predictions

·??????Postponed import VAT accounting: What is it and how does it work?

·??????EU VAT in the Digital Age (ViDA); what to expect

·??????Comments on ECJ C-607/20: voucher reward scheme – whether output VAT due on retail vouchers given to employees under recognition scheme – taxpayer win

·??????ECJ C-596/21 (Finanzamt M) – Judgment – Right to deduct VAT in case of Tax Evasion in a prior transaction

·??????ViDA (VAT in the Digital Age): data-elements to be provided electronically to Tax Authorities

·??????Mandatory Electronic Invoicing in Denmark

·??????Germany requests permission from European Commission to introduce mandatory B2B e-invoicing

·??????Plastic Tax and Sugar Tax – Postponement to 2024 with the Budget law for 2023

·??????Italy - VAT rate on baby products reduced to 5%

·??????Netherlands - VAT adjustment for private benefits to staff and relations

·??????Warehousing services in a context of a permanent establishment in Poland

·??????Spain - Reminder: option for the import VAT deferral regime for the year 2023 can be submitted during November 2022