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Author: Richard Asquith


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India B2B e-invoicing

India B2B e-invoicing

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India introduced mandatory B2B government pre-clearance electronic invoicing from 1 October 2020, completing the phased implementation by 1 April 2021. The latest Indian e-invoice threshold is ₹20 crore since April 2022 but will drop to ₹10 crore in October 2022. There are plans with the


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German COVID-19 VAT rate crisis cut worked?

German COVID-19 VAT rate crisis cut worked?

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€26bn net gain to the economy during lockdown as standard rate cut from 19% to 16% in 2nd half of 2020 German’s controversial six-month 3% standard VAT rate cut to 16% may have worked contrary to received views by economists and VAT thought leaders. The

EU put Croatia, Denmark and Lithuania on yellow card for e-commerce package implementation

EU put Croatia, Denmark and Lithuania on yellow card for e-commerce package implementation

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Three member states fail to clarify proper adoption of new July 2021 e-commerce VAT rules The EU’s European Commission has warned with a Letter of Formal Notice Croatia, Denmark and Lithuania that they have failed to detail their implementations of the July 2021 e-commerce package


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Israel VAT foreign digital services 2022

Israel VAT foreign digital services 2022

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The Israeli government has included proposals to levy VAT on non-resident providers of digital or electronic services to its consumers in its 2021/22 budget for 1 January 2022 at the earliest. The new ‘Arrangement Law’ would update the Israeli Income Tax Ordinance to reflect increased

South Korea foreign digital services transaction reporting Jul 2022

South Korea foreign digital services transaction reporting Jul 2022

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South Korea is to implement on-demand transaction reporting from 1 July 2022 for non-resident suppliers of digital or electronic services. Korea first implemented VAT on digital services in July 2015. Non-residents registered for digital services are obliged to maintain transactional-level details for at least five

UK Making Tax Digital for VAT revenues falls short by £215m after £357m investment

UK Making Tax Digital for VAT revenues falls short by £215m after £357m investment

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HMRC’s MTD for VAT 45% behind 2020/21 revenue budget; cost for taxpayers £1.5billion The UK’s National Audit Office has stated that expected revenues from HMRC’s Making Tax Digital for VAT (MTD) campaign only raised £265million in 2020-21 against the forecast of £470million. However, the aim

Russian e-invoicing 2023

Russian e-invoicing 2023

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Invoice Traceability Model adopted on certain import transactions; 2023 potential full B2B pre-clearance e-invoicing Russia has become the latest country to introduce a type of compulsory electronic invoicing. The new Value Added Tax e-invoicing system came into place from 1 July 2021 for a limited


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France tightens IOSS Intermediary rules

France tightens IOSS Intermediary rules

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France moves to close shell Intermediary representatives France is to enforce new requirements for Intermediaries – a type of Fiscal Representative – for the new Import One-Stop Shop IOSS returns introduced on 1 July 2021 as part of the EU e-commerce package. For regular free

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