VATupdate.com Daily Newsletter - January 27, 2023
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The latest draft ordinance in Spain includes technical and functional aspects of the new billing system and fiscalization, with information about QR codes. The QR code must be between 30×30 and 40×40 millimeters in size and contain the URL for information collection or referral service by the recipient of the invoice.
This timeline provides a quick overview of the countries where changes are being implemented, the implementation dates, and the nature of the changes. Use this information to prepare in advance and ensure that your processes are ready for the approaching deadlines.
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The United Arab Emirates government is preparing to introduce B2B e-invoicing by 2026, with a provisional timeline including the publication of e-Invoice Legislation in April 2025, a pilot phase starting in December 2025, and the Phase 1 Go-live of B2B and B2G e-invoicing in July 2026.
VAT compliance and reporting rules in Ireland 2024
Tariff suspensions and quotas allow EU companies to reduce customs duty on imported materials and semi-finished goods needed for production. The European Commission regularly updates the list of suspensions and quotas, with the latest update effective from 1 January 2024.
The deadline for the first report under the reporting obligation for digital platform operators is approaching on 31 January 2024. If you are a platform facilitating individual sellers in property or vehicle rentals, or offering personal services, you may be subject to this obligation.
From January 2024, the Czech Republic will implement a single reduced tax rate of 12% for selected goods/services and introduce a new exemption for the supply of books and similar publications. The General Financial Directorate has issued information summarizing the application of the correct VAT rate and clarifying some problematic issues, particularly regarding the application ...