PwC Greece Tax and Legal’s Post

Is the new invoicing requirements under the EOPT Act already in effect? In his Business Mirror article, "𝗧𝗵𝗲 𝗘𝗢𝗣𝗧 𝗔𝗰𝘁 𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻", BDB Law Partner, Atty. Rodel. Unciano, outlines the transitory provisions of the EOPT Law on the new invoicing requirements. Read it here: https://lnkd.in/gjbF6YRy #BDBLaw #WTSGlobal #TaxLawPH #EaseofPayingTaxes #OfficialReceipt #Invoice

VATupdate.com Daily Newsletter: February 2-5, 2024 Headlines February 2-5, 2024 -- VATupdate Newsletter Week 5 2024 -- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2024 -- Summary of AG Opinion in ECJ C-533/22 (Adient) – The same means cannot be used at the same -- ECJ Case C-733/23 (Beach and bar management) – Questions – Legal Challenges: Business Coercive Measures and Proportionality Concerns -- ECJ Case C-744/23 (Zlakov) – Questions – Whether the provision of a legal service free of charge is a ‘supplied service free of charge’ -- ECJ case C-785/23 (Bulgarian posts) – Questions – Status of a universal postal service -- ECJ Case C-726/23 (Arcomet Towercranes) – Questions – Are Transfer Pricing Settlement invoices a Supply of Services?

ZATCA Determines the Criteria for Selecting the Targeted Taxpayers in Wave 14 for “Integration Phase” of E-invoicing https://lnkd.in/dGvcQ3-y

Struggling with HMRC's customer service? You're not alone! Dive into our blog post to explore the ongoing challenges faced by individuals dealing with HMRC, including long wait times and insufficient service, and discover what you can do to navigate these issues more effectively. Stay informed and prepared for your dealings with tax authorities. Learn more here: https://buff.ly/3LyxIKh #SMHGroup #TaxHelp #HMRC

New Reporting Requirements for Digital Platforms and LLP Updates: Key Changes for 2024: Starting January 2024, digital platforms must annually report seller details, starting with the year ending December 2024. They are also required to perform customer due diligence (CDD). However, many platforms are still in the preparation phase, and HMRC is finalizing its reporting portal and guidance. #uktax #taxation #taxsavings #taxpayers #taxadvices #smallbusinessowners #taxupdates

Another effort of #FBR to shift its responsibility to taxpayer 🤔, introducing new requirement to provide an affidavit by #CFO at the time of filing the sales tax returns. How can an individual confirm the legality of input tax throughout the supply chain. If all verifications are to be done by the taxpayer, then what is the need of IT system & the taxmen.   Further, asking for dubious confirmation about the relation of #inputtax #invoices with #taxable #supplies, where the matter is still under dispute and there is no conclusive ruling by superior #courts, seems like nothing but a pressure tactic for the #businesses to surrender their right to disagree with the taxmen's interpretation of #law.   This will lead not only to disturb the businesses but also likely to result in late filings, short #collection of #revenue & legal fights. #taxes #rafqathussainca #taxplanning #taxfilling #taxconsultant

The VAT on Digital Services Law (RA 12023) imposes a 12% VAT on foreign digital service providers, including popular platforms like Netflix, Disney+, and HBO. While the law has just been signed, it is still awaiting implementation. 📌 Did you know? Before this law, only domestic transactions and imported goods were subject to VAT—imported services were not! This new measure brings foreign and local digital services into the same tax framework, ensuring fairer taxation in the digital economy. #VATUpdate #DigitalService #BIRUpdate #TaxCompliance

Effective communications is one of the 6 core values in the TVA OIG. Effective communication plays a crucial role in the work we do. I asked David Willis, Deputy Assistant Inspector General for Audits, how it impacts our work if there is not effective communication between TVA and TVA OIG. See what he said below.

Did you know UK VAT law shines a spotlight on the Country of Establishment for online sellers? Join us for the next episode of #GlobalEcommerceUnlocked, where we'll dive deep into the often overlooked but crucial topic of Country of Establishment and its surprising impact on your VAT compliance. 📅 25th April ⏰ 3:00 pm BST | 4:00 pm CEST Plus, we'll have a live Q&A to answer all your questions! 😉 📌 Register today! https://lnkd.in/ehqBnjqC See you there! 🚀 #ecommerce #broadcast #businesstips #strategy #tax #compliance

IRS issues clarification of QI certifications (FAQ24): A24. If QI uses 2021 or 2022 as its periodic review year, the QI is subject to the review procedures set forth in section 10.05 of the 2017 QI agreement, instead of the review procedures specified in the 2023 QI agreement. As a result, since the Qualified Intermediary (QI), Withholding Foreign Partnership (WP), and Withholding Foreign Trust (WT) Application and Account Management System (QAAMS) will reflect changes to the required information specified in Appendix I and the addition of Appendix III to the 2023 QI agreement, a QI choosing 2021 or 2022 as its periodic review year should provide the information in Appendix I of the 2023 QI agreement. #tax #qi #regulatorycompliance #withholdingtax