Richard Asquith - vatcalc.com

Portugal non-residents VAT invoice SAF-T (PT) reporting requirements 2022

27 October 2021 in

e-invoices

Confusion on monthly transaction-based reporting for non-residents due from 1 January 2022 Foreign businesses with a Portuguese Value Added Tax registration for local taxable transactions face new invoice reporting requirements from 2022. Although the failure of a first vote on the 2022 budget means these

Latvia cut hotel and hospitality VAT to 5% till 2022

27 October 2021 in

COVID-19

COVID-19 VAT cut to help tourism The Baltic state of Latvia is considering a bill in Parliament to reduce the Value Added Tax rate on hotel accommodation and catering from 21% to 5%. This would be in effect until 31 December 2022. The bill reflects

Hungary eVAT pre-completed VAT returns Nov 2021

26 October 2021 in

e-invoices

Beginning of end of self-prepared VAT returns Hungary is to join Italy and Spain in offering taxpayers pre-completed VAT returns – eVAT – from 12 November 2021. They were originally planned for 1 July 2021, but the National Tax and Customs Administration (NAV) had to

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023

25 October 2021 in

DAC 7

Harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Directive on Administration Cooperation (DAC 7) has been approved by the EU Council. The new digital platform seller rules will come into effect

Portugal QR codes and ATCUD invoice ID Jan 2023

25 October 2021 in

ATUD

Quick response codes and ATUD invoice ID Portugal is set impose invoice QR Code and ATCUD unique invoice ID’s from 1 January 2023 for ATCUD – a delay from the last deadline of 1 Jan 2022. This follows several delays mainly due to the COVID-19

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Co-opting gig & sharing platforms as tax collectors

25 October 2021 in

deemed supplier

Tax authorities have long eyed marketplaces with frustration arising from these marketplaces having helped to create the huge gig and sharing sectors. However, this frustration is mixed with the tax authorities’ relish for the opportunity to co-opt the marketplaces as unpaid tax collectors. This blog is

Germany e-invoice plan from new government

24 October 2021 in

e-invoice

Coalition partners include digital reporting and no VAT hikes in negotiations Following the inconclusive German government elections, the SPD, Free Democratic Party (FDP) and Green Party have drawn-up a range of tax policies for their potential coalition. This includes digital reporting of transactions – an

Pakistan 1% marketplace e-commerce withholding sales tax Sept 2021

24 October 2021 in

digital services

Pakistan has imposed a 1% withholding sales tax on marketplaces’ third-party sales. This came into effect on 1 September 2021 according to the Pakistani Federal Board of Revenue Ordinance No. XXII of 2021. Pakistan requires providers of B2B digital services to charge sales tax as well

How to get VAT right in gig & sharing economies

23 October 2021 in

Definitive VAT regime

There is an array of more practical VAT measures that are in place, or could be explored, to resolve the VAT issues around the gig and sharing economies. The shared aim of these measures would be to reduce the VAT leakage in the least administratively

Author: Richard Asquith

Portugal non-residents VAT invoice SAF-T (PT) reporting requirements 2022

Latvia cut hotel and hospitality VAT to 5% till 2022

Hungary eVAT pre-completed VAT returns Nov 2021

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023

Portugal QR codes and ATCUD invoice ID Jan 2023

Germany e-invoice plan from new government

Pakistan 1% marketplace e-commerce withholding sales tax Sept 2021

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