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Headlines January 12, 2024
- Belgium Takes on Mandatory B2B e-Invoicing: Understanding the New VAT Rules
- Business Europe: VAT digital reporting: an urgent need for a common framework
- Belgian VAT chain modernization postponed to 01/01/2025
- IBFD Article: Warehouses in the VAT System of the European Union
- Electronic Invoicing in the Benelux Region: Latest Updates for Belgium, the Netherlands, and Luxembourg
- VATupdate Newsletter Week 1/2024
- E-Invoicing
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
- E-Invoicing & E-Reporting developments in the news in week 50&51/2023
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in December 2023
- Worldwide Changes to E-Invoicing/E-Reporting per January 1, 2024
- ECJ
- ECJ VAT cases decided in 2023 incl. Case # and name, Articles discussed, Topic, Questions and Decision
- Agenda of the ECJ VAT cases – 4 Judgments, 1 AG Opinion, 1 Hearing announced till January 18, 2024
- 971 ECJ VAT Cases are now available on www.vatupdate.com
- This is what happened in the ECJ (VAT) in December 2023 …. A lot of new cases in the pipeline
- VAT Rates
ARGENTINA
AZERBAIJAN
BELARUS
BELGIUM
- Belgian VAT chain modernization postponed to 01/01/2025
- Belgium Proposes B2B E-Invoicing Requirement, Following B2G Implementation
- Belgium Takes on Mandatory B2B e-Invoicing: Understanding the New VAT Rules
- Belgium’s Mandatory B2B e-Invoicing: Simplifying VAT Rules for Businesses
BELGIUM/ LUXEMBOURG/ NETHERLANDS
BOLIVIA
- Bolivia announces the seventh group of taxpayers to comply with the Digital Tax Document obligation
- Bolivia e-invoicing SFE 2024 update
- Bolivia Extends Import VAT Exemption and Zero-Rated VAT on Capital Goods Commercialization
BRAZIL
- An Economic Analysis of the Brazilian Value-Added Tax: Evaluating its Impact and Implications
- New SINIEF Adjustment obliges states to adopt NFCom e-invoices
CHILE
CZECH REPUBLIC
DENMARK
- Denmark Implements Changes to VAT Act to Combat Tax Fraud
- Denmark Tax Agency Clarifies VAT Deduction for Motor Vehicle Parking Space Construction Costs
- Penalties in Denmark for Non-Compliance with Digital Sales Registration Requirements: A Closer Look
EUROPEAN UNION
- Business Europe: VAT digital reporting: an urgent need for a common framework
- ECJ Advocate General Supports Digital Platforms in Reporting Dispute
- IBFD Article: Warehouses in the VAT System of the European Union
EUROPEAN UNION/ LUXEMBOURG
- CJEU clarifies VAT exemption for board members in Luxembourg
- New VAT Rules on Directors’ Fees in Luxembourg: Implications of CJEU Judgement
GERMANY
- Input tax adjustment according to § 17 UStG in three-party relationship as mass liability (BFH)
- Requirements for the EMCS-Entry Notification and the Destination in Intra-Community Deliveries
INDIA
- India B2B e-invoicing update
- Purchasers responsibility to verify the GST registration of the seller on the GST Portal
- Supreme Court to decide on online gaming controversy on April 2, 2024
- Vodafone Idea slapped with Rs 13.16 crore penalty in GST case
INDONESIA
IRELAND
ITALY
- Italy Granted Extension for Split Payment Procedure until June 2026 by EU Council
- Italy Provides Clarity on VAT Treatment of Crypto Assets and NFTs
- Reduced VAT rate for repairs if properties are actually inhabited
- Suspension of VAT credit refund without bankruptcy judge’s authorization: rejection of offsetting
MEXICO
NETHERLANDS
- Appeal Court’s Decision: Overturning of Tax Penalty for Failure to Pay VAT
- Changes to Dutch VAT Groups: Exclusion of Foreign Establishments and Implications for Cross-Border Supplies
- Clock dealer could only reclaim Spanish purchase VAT in Spain
- Late Request for Refund Denied
- No Dutch refund for purchase of watches in Spain with Spanish VAT
PAKISTAN
- Amendments to Customs Rules 2001 by Government of Pakistan’s Revenue Division
- FBR Makes Digital Invoices Mandatory for FMCGs Starting Feb 1
- FBR Releases 2024 Tax Exemption List for Charitable Organizations to Promote Philanthropy and Social Welfare
PHILIPPINES
POLAND
PORTUGAL
ROMANIA
- Changes and Exceptions to VAT Rate for Foods with Added Sugar in Romania
- Changes to Tax and Invoicing Regulations in Romania from 2024
RUSSIA
SERBIA
- E-fiscalization Website: Comprehensive Information on New Fiscalization System in Republic of Srpska
- The Technical Guide for Approval of Electronic Fiscal Devices in the Republic of Srpska
SPAIN
- Procedures for VAT in Spain during January and February 2024
- Spain Implements Regulations on Invoicing Software and E-Invoicing Systems to Prevent Fraud
SRI LANKA
- Sri Lanka in Talks with IMF to Remove VAT for Travel Firms
- Sri Lanka Inland Revenue Department Confirms Increase in VAT Rate
- Sri Lanka Proposes VAT on Digital Services for Non-Resident Sellers and Marketplaces
SWEDEN
- Sweden’s Supreme Administrative Court Facilitates Input VAT Deduction Rights for Active Holding Companies
- Sweden’s Supreme Court Allows Turnover-Based Calculation for Deductibility of Input VAT in Mixed Activities
TAJIKISTAN
TURKEY
UKRAINE
UNITED KINGDOM
- Bolt Services UK Ltd wins TOMS case against HMRC in landmark decision
- GAP Group Limited v HMRC: Determining Single or Multiple Supply in Equipment Hire and Fuel
- Minutes of the 3rd UK-EU Trade Specialised Committee on Customs Cooperation and Rules of Origin
- UK Government Expands VAT Breaks for Energy-Saving Materials to Include Charitable Buildings
- UK Treasury Confirms VAT Exemption for Fund Management Services in Response to Consultation
- United Kingdom: VAT in 2023 – A Year of Celebrations and Legal Twists
- VAT DIY Housebuilder Scheme: Reclaiming VAT on Building Materials and Construction Services
- VAT Treatment of Serviced Accommodation: A Complex Case with Significant Implications
- VAT Treatment of Serviced Apartments: The Realreed Limited Case
UNITED STATES
- 2023: A Record Year for U.S. Sales Tax Rate Changes and Complexities
- Colorado DOR Adopts Rule on Refund Claims and Potential Penalties on Incomplete Claims
- Florida Reduces Sales Tax Rate on Commercial Rentals Effective December 1, 2023
- Indiana Tax Court Says Auto Finance Company May Claim Bad Debt Deductions Despite Repossessions
- Michigan Department of Treasury Provides Guidance on Sales and Use Tax Refund Procedures
- Navigating Sales Tax Compliance on TikTok Shop: What Sellers Need to Know
- New Jersey Division of Taxation Announces Major Upgrades to Tax-Filing System
VIETNAM
- Vietnam Considers Imposing 5% VAT on Fertilizers to Boost Domestic Competitiveness
- Vietnam Ministry of Finance Seeks Feedback on Proposed Amendments to VAT Law
WORLD
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