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DAC7 New Reporting Obligations 2023 With the introduction of DAC7, online retailers trading on marketplaces such as Amazon may fall within the scope of the new reporting obligations of digital platforms. Under the new initiative, online marketplaces will need to…

EU publishes long-awaited and ambitious Customs Reform and it includes VAT implications! The European Commission published in May 2023 a package of proposals to transform and modernize the EU Customs Union.   The reform aims to significantly simplify current customs procedures…

EU Carbon Border Adjustment Mechanism regulation enters into force More responsibility is due to apply to EU importers of iron, steel, cement, fertilisers, aluminium, electricity and hydrogen from October 1st 2023 as part of the new EU Carbon Border Adjustment…

Belgium Extends the VAT Return Submission Deadlines for the Summer The Belgian tax authorities are giving taxpayers an additional month to submit their VAT returns this summer. The extended VAT return deadlines apply to the June 2023, July 2023 and…

Jersey to Make B2C Sales of Imported Goods Subject to GST from 1 July 2023 Starting July 1st 2023, new GST obligations will apply for overseas retailers supplying goods to Jersey-based consumers. The new regulations were originally due to be…

Spanish Government Publishes Draft Regulation on B2B e-Invoicing The Spanish Government released on June 15th 2023 its B2B e-invoicing draft regulation, outlining further details on the modalities of this upcoming obligation. When the new e-invoicing requirement comes into effect, businesses…

Spain Introduces Further Changes to its Use and Enjoyment Rules After introducing a first set of changes to its use and enjoyment rules on 1st January 2023, the Spanish government has approved a new piece of legislation that further restricts…

Czech Republic to Change VAT Rates from 2024 The applicable VAT rates in the Czech Republic are due to be amended from 2024 as part of a package of proposals from the government. According to the proposals, the current reduced…