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The French tax authorities updated their Administrative Guidelines on 28 December 2022 to consolidate their position on the VAT treatment of compensation payments and provide several clarifications. The Administrative Guidelines are binding on the tax authorities.
Poland’s Ministry of Finance published an updated draft of the e-invoicing act on 15 March 2023 and announced that the implementation of mandatory e-invoicing for VAT purposes and the new national invoicing clearing system, called KSeF, will be postponed to 1 July 2024 and 1 January 2025 for VAT...
Customers returning goods they have purchased online or in a shop are part of the costs of doing business as a retailer. Goods may be returned, for example, because they were damaged or defective, the wrong goods were delivered, etc., and as a result, the consumer may have a right to a credit or...
Faced with the continuing escalation of greenhouse gas (GHG) emissions and extreme changes in the global climate, policy makers worldwide are beginning to take targeted action.
The UK tax authorities (HMRC) released guidance on 15 March 2023, which reminds businesses that they may be required to register for purposes of the UK plastic packaging tax (PPT) and that the tax rate increased from GBP 200 per tonne to GBP 210 on 1 April 2023.
Spain’s tax authorities have already issued 18 binding rulings on the new special tax on non-reusable plastic packaging (PPT) that became effective on 1 January 2023 (for prior coverage, see the item in the Bytes column in the January 2023 issue of Indirect Tax News and the article in the January...
United Arab Emirates have introduced a new reporting requirement that will apply to certain businesses as from 1 July 2023. Moreover, as from 1 March 2023, all errors in VAT returns must be reported to the Federal Tax Authority (FTA).
Ecuador’s president and the tax administration recently announced the following changes to the VAT rules and the tax on foreign currency.
Germany has introduced a zero VAT rate for the first time. To meet its ambitious environmental protection goals (i.e., reduction of greenhouse gases) and to ensure a reliable, independent and sustainable energy supply, the supply and installation of smaller photovoltaic (PV) systems is zero-rated...