Richard Asquith - vatcalc.com

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Egypt extension of e-invoicing / receipts to B2C update

12 August 2022 in

Trial of B2C electronic receipts extended to 2nd phase October 2022 Egypt is launching the second wave of pilot of electronic invoicing / receipts on 1 October 2022. The first wave started on 15 April. This follows the roll out of B2B e-invoicing since last year.

VAT TV August 2022 news

11 August 2022 in

Goods and Services Tax

Want to join the VAT TV subscription list? Sign-up here. August 2022 VAT & GST news and views

EU-UK Brexit infringement procedures 1-month extension

9 August 2022 in

Brexit

EU extends Brexit infringement deadline to 15 September. EU latest legal action against UK on failure to fully implement Northern Ireland Protocol: Import One-Stop Shop e-commerce VAT return; customs checks of goods between NI and GB; and excise measures The European Commission has started four

India cuts e-invoice threshold to ₹5 crore 1st January 2023; to follow cut to ₹10 crore 1st October 2022

8 August 2022 in

Government wishes to extend mandatory electronic invoicing to hundreds of thousands of small business to curb fraud India’s Central Board of Indirect Taxes looks set to lower further on1 January 2023 the annual sales threshold for adoption of mandatory electronic invoicing to be submitted to the

Germany considers cutting VAT on Gas Levy

5 August 2022 in

Finance Ministry looks to zero-rate VAT on upcoming €1,000 Gas Levy as energy inflation reaches 35.7% Germany’s plan to impose a one-off Gas Levy on its consumers in September to help importers with the rising prices may come with a VAT exemption. The Finance Ministry

Poland SLIM VAT 3 reforms update

4 August 2022 in

Poland

Third round of SLIM: Simple, Local and Modern VAT reforms The Polish government has published last month comments on a draft Bill to introduce a range of VAT simplifications – known as SLIM VAT 3. This follows the completion of a public consultation earlier this

Nigeria 6% Digital Services Tax

4 August 2022 in

Digital Services Tax

Delays in agreement on OECD Pillar 1 global tax reallocation rights prompts Nigeria to act unilaterally Nigeria has become one of the few countries to comply with the OECD 137-country agreement to renegotiate global taxing rights, and has acted unilaterally at the start of 2022

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023 update

4 August 2022 in

DAC 7

EU member states adopting harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Adoption of Directive on Administration Cooperation (DAC 7) is underway across the EU states. The following countries have already

Digital Services Tax (DST) comeback? Pillar 1 update

3 August 2022 in

Digital Services Tax

US doubts on ratifying OECD Pillar 1 agreement for 2023 means unilateral DST’s to make a comeback? The ambitious October 2021 OECD inclusive framework on base erosion and profit shifting (BEPS) agreement by 137 countries on global tax reforms is proving hard work to implement.

Brazil Nota Fiscal Eletrônica NF- e-invoicing update

3 August 2022 in

Brazil

Small businesses must adopt government Simples Nacional e-invoicing from 1 January 2023 Micro businesses using the consolidated tax Simples Nacional regime must use centralised portal (CGSN Resolution No. 169 of July 27, 2022). Simples Nacional enables a single reporting for a host of Brazilian taxes,

Author: Richard Asquith

Egypt extension of e-invoicing / receipts to B2C update

VAT TV August 2022 news

EU-UK Brexit infringement procedures 1-month extension

India cuts e-invoice threshold to ₹5 crore 1st January 2023; to follow cut to ₹10 crore 1st October 2022

Germany considers cutting VAT on Gas Levy

Poland SLIM VAT 3 reforms update

Nigeria 6% Digital Services Tax

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023 update

Digital Services Tax (DST) comeback? Pillar 1 update

Brazil Nota Fiscal Eletrônica NF- e-invoicing update

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