Governments would be better to use revenues for more targeted welfare support The International Monetary Fund last week called for governments to avoid temporary Value Added Tax rate cuts on fuels, electricity or foods as an attempt to reduce the impact of fast-rising inflation. European
Upgrade to 4.0 CFDI delayed six months until 1 January 2023 The latest version of CFDI e-invoicing system has been postponed until the start of 2023 by the Mexican Tax Administration. 4.0 changes include: Export information requirements Reporting linked invoices Reversal of invoices reported. Mexico’s Servicio
UK tables legislation to override VAT and customs agreement in Brexit Northern Ireland Protocol On 13 June, the UK government presented domestic legislation, Northern Ireland Protocol Bill, to give it unilateral powers to override certain elements of the Northern Ireland Protocol it signed with the
Non-resident business with a Portuguese VAT registration must submit monthly invoices under SAF-T PT from Jan 2023 Foreign businesses producing their Portuguese invoices using certified software are obliged from 1 January 2023 to submit monthly invoice summaries using the SAF-PT format. This will be due
KSeF e-invoices production version available for testing; mandated 1 January 2024 The Polish e-invoicing platform, KSeF, has now been released this month. Businesses are able to test, create, issue, receive and review electronic invoices. This is ahead of the January 2024 mandating the use of
As martial law is eased, obligation to register sales invoice in central register reinstated Ukraine has reintroduced the obligation to register invoices in the Unified Register of Tax Invoices (URTI). This had been suspended at the outbreak of the Russian invasion earlier this year. Taxpayers
France confirms reporting and payment of 2021 0.46% sales tax for digital platforms on motorbike delivery services and ride sharing France has provided details of the reporting and payment procedures for the new 0.46% turnover tax on digital platforms that provide transport services for their
When foreign provider is not VAT registered, credit or debit card issuers must withhold VAT From 1 August 2022, Chilian issuers of credit or debit cards must monitor payments for B2C digital services to non-resident providers. Where the provider is not VAT registered in Chile,
Draft Bill to impose VAT on nonresident digital or electronic service providers and marketplace platforms to be reintroduced following elections The new government of President-elect Ferdinand R. Marcos, Jr is expected to push through a stalled Bill to impose 12% on non-resident digital service providers
Peru completes rollout of mandatory B2C & B2C invoices The last phase of the implementation of e-invoices in Peru completed on 1 June 2022. Peru’s tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria), introduced Electronic Payment Receipt, CPE, e-invoicing in 2010, and mandated
