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?
- VATupdate Newsletter Week 4 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 January 2024
- Worldwide Changes to E-Invoicing/E-Reporting per January 1, 2024
- ECJ
- VAT Rates
ANTIGUA & BARBUDA
AUSTRALIA
AZERBAIJAN
BELGIUM
- Adoption of Bill Mandating E-Invoicing for B2B Transactions in Belgium
- Belgium Approves Mandatory B2B E-Invoicing, Effective January 2026
- Belgium B2B VAT e-invoicing Jan 2026 Bill approved
- Belgium Considers Bill to Remove VAT on Select Food Products
- Belgium: Parliament approves new law project to introduce e-invoicing mandate from 1 January 2026
- From February 2024, all VAT account statements will be generated again for all VAT taxpayers
- Return of bank statements confirmed by FOD Financien in Q1 2024
- RTC Expands: Trusted e-Invoicing Service Provider in Belgium
- Update: Chamber approves mandatory B2B e-invoicing, effective from 1/1/2026
BELGIUM/ WEBINAR/ EVENT
CABO VERDE
CHINA
COLOMBIA
- Colombia plans to postpone mandatory issuance of new electronic document types
- The DIAN has published a N°8 Resolution to fully regulate the Electronic Invoicing System
CYPRUS
EGYPT
EUROPE
- A Comprehensive Guide to Backdated VAT Registration and Filings in Europe
- The Ultimate Travel Hack for EU VAT Refunds
ECJ
- 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?
- Agenda of the ECJ VAT cases – 5 Judgments, 1 Hearing announced till March 7, 2024
- Adient: VAT fixed establishment and the limited power of tax authorities
- ECJ Judgment on Luxembourgish VAT Rules for Director Services (C-288/22)
EUROPEAN UNION
- 123rd VAT Committee Meeting: Guidelines on New Legislation for EU VAT Provisions and SME Scheme
- Intrastat thresholds 2024
- Issues with submission of reports under the EU Carbon Border Adjustment Mechanism
- The Deloitte Intrastat Guide 2024: Filing Requirements and Procedures for EU Member States and UK
- The European CBAM: Obligations, Timeline, and Scope of Application
EUROPEAN UNION/ SWEDEN
FRANCE
GERMANY
- Application of Article 215(4) of the Customs Code to the Determination of Import VAT Location
- Considerations for Business Restructuring
- Controversial Tax Exemption for Sports Clubs: Impact on Membership Fees and Input Tax Deductions
- No Choice of Taxation Method: Precedence of VAT Refund Procedure over Regular Taxation
- The Compatibility of Late Payment Interest on VAT with Union Law
GHANA
- Government Abandons 15% Electricity VAT Policy Amid Strong Opposition and Revenue Concerns
- Government Drops VAT on Electricity, Seeks IMF Assistance for Revenue Shortfall
- Government Seeks IMF Permission to Cancel 15% VAT on Electricity, Reports Say
GREECE
- Abusive control orders for E3 and myDATA disagreement issues
- Monday’s Comment – myDATA Controls with Subjective Perception
- Theoharis: No further adjustment period expected in the use of the myDATA system
INDIA
- Explore the Enhanced GST e-Invoice System: Quick Actions, Resources, and Services at Your Fingertips
- India’s Lower House Considers 2024 Finance Bill with Tax Benefits for Start-ups and GST Clarifications
- Tighter GST Return Norms: Easing Life for Honest Taxpayers, Says CBIC Chief
IRELAND
ISRAEL
ITALY
- Italy Extends Initial DAC7 Reporting Deadline for Tax Exchange Rules Implementation
- Italy Tax Agency Extends DAC7 Deadline for Digital Platform Operators
- Motivation for the suspension of VAT refunds not integrable in the process
- Possibility of issuing variation notes by the buyer/contractor
- Possible VAT in Italy for non-resident notaries
LATVIA
- Latvia announces plans for mandatory B2B e-invoicing to combat shadow economy
- Latvia Increases Intrastat Thresholds in 2024 to Comply with EU Regulation
- Latvia Tax Agency Provides Guidance on Taxation of Digital Currency Transactions
MALAYSIA
- Malaysia Preparing for Service Tax Increase
- Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
MAURITIUS
MEXICO
- Analyzing Mexican Rulings: Determining Eligibility for 0% VAT on Exported Services
- Mexican Rulings: Case-by-Case Analysis for 0% VAT on Exported Services
MOLDOVA
NETHERLANDS
- DAC7 FAQs document published by Tax Authorities on practical aspects of reporting obligation for digital platforms
- Increase in Fraudulent Payment Requests by Banks, Tax Authorities, and CJIB in 2023
- No Reduced VAT Rate for ‘Smart’ Incontinence System, Zeeland-West-Brabant Court, 26 January 2024
- No reduced VAT rate for incontinence system
- Tax advisors and accountants seek clarity from tax authorities on reverse charge situations
- Tax Court Rules in Favor of Taxpayer in Dispute Over Packaging Waste Collection Services
- The provision of accommodation to workers constitutes a supply of services effected for consideration
- VAT deduction of renovation costs on the basis of the text of the Real Estate Decree
- VAT Exemption for Delivery of Unimproved Plots
- VAT fully charged on the delivery of building plots with nature and construction destination
- VAT Treatment of Land Parcel with Building and Nature Area as a Single Taxable Transaction
- X and Y form a VAT group, while Z does not, according to the court.
PAKISTAN
- 13% Sales Tax Imposed on Insurance Services in Sindh for 2024
- Clarification on Digital Invoicing for Registered Persons by Government of Pakistan
- Pakistan taxpayers required to issue electronic invoices for fast-moving consumer goods must request extensions until government approves software…
PANAMA
PARAGUAY
POLAND
- Annual adjustment of input tax in VAT and CIT based on sales structure
- Bank account freeze is not enough to remove from VAT register
- Connections between companies do not determine where VAT is located
- Consultations on the Implementation of KSeF to Begin Soon
- E-Invoicing: New implementation date will be announced in April/May 2024
- Ministry of Finance shares new information about KSeF with businesses
- New KSeF obligation date to be announced by the end of Q2 2024
- Postponement of Mandatory KSeF Implementation Must Be Utilized Effectively
- Surprising Slowdown in Poland’s VAT Inflows at the End of 2023
PORTUGAL
ROMANIA
- Ministry of Finance announces updates to the RO e-Factura platform
- Romanian Authorities Released New Technical Details
SOUTH AFRICA
SPAIN
- Approval of Models 040 and 293: Digital Platforms
- Government Approves DAC7 Regulations Covering Due Diligence, Reporting Obligations of Digital Platforms
- Implementation of Unified Self-Assessment Correction System in Spain
- Official Clearance: DAC7 Regulations Encompassing Due Diligence and Reporting Duties for Digital Platforms Get the Green Light
- Penalties for Non-Compliance with Fiscalization Requirements in Spain
SRI LANKA
- Book Industry Urges VAT Exemption to Prevent Negative Impact on Access to Knowledge
- Sri Lanka VAT on books makes knowledge unaffordable
SWEDEN
- Authorities adjust view on VAT deduction by holding companies
- Case Commentary: Deductibility of Input VAT in an Investment Activity
- Decision: Division of input value added tax
- Division of Input VAT based on new tax authority’s decision
- Guidance about deduction of input VAT
- Sweden Tax Court Clarifies VAT Treatment for Services Provided After VAT Deregistration
- Tax Deduction for Input VAT in an Investment Activity: KRNS 2023-05-30, Case No. 1769-22
- Update: Division of Input VAT for Transactions between Establishments
SWITZERLAND
TURKEY
UKRAINE
- Adjustment nuances of non-taxable VAT operations in the VAT declaration
- Budget reimbursement of VAT amounts to taxpayers in case of cancellation of VAT taxpayer registration
- Decision of the State Tax Service on the exclusion of data table: what form should it be?
- Do VAT liabilities accrue when writing off intangible assets?
- How to calculate VAT for commission trading?
- How to calculate VAT on free receipt of services from a non-resident?
- How to fix an error in Annex 4 to the VAT declaration: details from the SFS
- Number of blocked VAT invoices in 2023
UNITED ARAB EMIRATES
UNITED KINGDOM
- A Comprehensive Guide to Navigating the DIY Housebuilders’ Scheme in the UK
- Aesthetic-Doctor.com Ltd – FTT – Cosmetic treatments – whether exempt – no – taxpayer loss
- Bolt Services UK Ltd – HMRC has received permission to appeal to the UT – TOMS – whether scheme applies to on-demand mobile ride-hailing services
- Challenging an HMRC VAT Assessment: A Guide to Contesting Unjust or Incorrect Assessments
- Home battery systems VAT slashed to zero
- Supreme Court Holds Loan Services Not Exempt from VAT in Target Group Case
- UK Government Removes VAT Charges for domestic battery energy storage systems, benefiting 1.2 Million Homes
- UT overturns floorspace-based VAT override for Hippodrome Casino Ltd
- VAT Basics: Should Small Businesses and Startups Register Voluntarily?
UNITED STATES
- Iowa House Democrats propose minimum wage increase and sales tax holiday expansion.
- Tennessee Provides Sales Tax Relief to Residents Impacted by Severe Weather
- The Power of Reverse Audits: Uncovering Hidden Sales Tax Opportunities
- Webinar – Slide deck/Recorded session – B2B Digital Highway for the U.S. & the North American market
UZBEKISTAN
WORLD
- February VAT news: 10 updates from around the world
- The Purpose and Legitimacy of Imposing a Consumption Tax on Non-Alcoholic Drinks
- VATupdate Newsletter Week 5 2024
- VATupdate.com Daily Newsletter: January 31 – February 1, 2024
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2024
- Zambia Revenue Authority Investigating 214 Firms for VAT Fraud
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