BDO Indirect Tax News - Issue 3/2023

Original content provided by BDO

BDO Indirect Tax News focuses on issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from all over the world provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and directives.

In this edition: 

• European Union: CBAM regulation provides details on compliance obligations
• Aruba: Potential impact of the impending turnover tax on imports
• Canada: New legislation to eliminate forced and child labour in supply chains enacted
• China: Integrated circuit enterprises may be eligible for super input VAT credit
• Czech Rep: VAT reduced rates proposed to be consolidated, resulting in some reclassifications
• Denmark: Interest charged on corrections to VAT returns as from 1 July 2023
• European Union: Proposed EU Customs reform includes VAT changes
• Germany:
  • New e-invoicing requirements under discussion
  • Plastic packaging tax enacted
• India: New e-invoicing requirements under discussion
• International: Indirect Tax bytes
• Italy: Tax authorities reverse position on VAT treatment of branch transactions
• Japan: Relief measures proposed for tax-exempt businesses under JCT invoicing system
• Malaysia: Update on indirect taxes, including re-introduction of voluntary disclosure programme
• Netherlands: Customer’s identity required to apply reverse charge
• Spain:
  • Financial services now excluded from application of use and enjoyment rule
  • Draft regulations issued on mandatory B2B e-invoicing
  • DAC 7 implemented into domestic law
• United States: Preparing for sales tax audits five years after Wayfair
• Zimbabwe: VAT, customs duty suspended on basic commodities

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