VATupdate.com Daily Newsletter: February 9, 2024

Headlines February 9, 2024

• This Month in Indirect Tax: Belgium wants ViDA Progress during EU Presidency
• Understanding the EC Sales List: Key Insights for Intra-EU Tax Declaration and Compliance
• Malaysia – Release of Software Development Kit for MyInvois System (API)
• Singapore – Specifications update for PINT-SG
• B2B e-Invoicing and Benefits of a Streamlined Invoicing Process

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• VATupdate Newsletter Week 5 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
  • ECJ VAT cases decided in 2023 incl. Case # and name, Articles discussed, Topic, Questions and Decision
  • Agenda of the ECJ VAT cases – 5 Judgments, 1 Hearing announced till March 7, 2024
  • 971 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in January 2024
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in January 2024
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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BANGLADESH

• Govt Reduces Duty, VAT on Four Essentials, including Rice, Edible Oil

BELGIUM

• Belgium Approves Mandatory B2B e-Invoicing
• Belgium’s mandatory e-invoicing to apply from 1 January 2026
• This Month in Indirect Tax: Belgium wants ViDA Progress during EU Presidency

BOLIVIA

• More taxpayer groups are obliged to comply with the e-invoicing regime

BULGARIA/ CYPRUS/ EUROPEAN UNION/ LATVIA/ NETHERLANDS/ POLAND/ SLOVAKIA

• Global VAT Guide: January 2024

CANADA/ EUROPEAN UNION

• European Commission Determines Canada’s Reporting Rules for Digital Platforms are Equivalent to DAC7

CHILE

• Chile Collects Over USD 1 Billion in VAT on Digital Services

CROATIA

• What is considered a business premises in Croatia from a fiscalization perspective?

ECUADOR

• Ecuador 3% VAT rise Mar 2024 stalemate
• Ecuador President Vetoes National Assembly’s Rejection of VAT Rate Increase

EUROPEAN UNION

• Understanding the EC Sales List: Key Insights for Intra-EU Tax Declaration and Compliance

GHANA

• Government Suspends Implementation of 15% VAT on Electricity

GREECE

• Greece Extends Initial DAC7 Reporting Deadline
• Greece Provides Rules on Submission of VAT Returns and Determination of Tax from Transmission of Data on the myDATA Platform

INDIA

• GST, Excise, VAT Revenue Crosses ₹30K cr
• Gujarat Witnesses Over 9,000 Cases of GST Evasion in Last Four Years
• India Updating GST Rate Schedule For Services

LATIN AMERICA

• IBFD Article: VAT on Cross-Border Digital Services in Latin America

LATIN AMERICA/ WEBINAR/ EVENT

• Webinar GlobalVATCompliance – VAT on Digital Services in Latin America for Non-Resident Companies (Feb 28, 2024)

MALAYSIA

• Malaysia e-invoicing Aug 2024; pilot update
• Release of Software Development Kit for MyInvois System (API)

MALTA

• Fact check: VAT in Healthcare and Medical Services

NIGERIA

• Tax and Customs Incentives for Gas Sector

PHILIPPINES

• Philippines VAT on digital services non-residents update

POLAND

• Value-added tax in Poland | eBook
• VAT Consequences of Issuing False Invoices by Employees

SINGAPORE

• Specifications update for PINT-SG

SOUTH AFRICA

• South Africa Slashes Tariffs Under AfCFTA

SRI LANKA

• Economy Improving, VAT can be Reduced

THAILAND

• Thailand Joins the Few Countries Offering Crypto Tax Breaks

UNITED KINGDOM

• IoM Expands VAT Relief For Energy Saving Materials
• Supplier of cosmetic services faces £1.6 Million VAT bill following dispute with HMRC

UNITED STATES

• California: Input on Tax Issues Related to Technology Transfer Agreements May Be Submitted through March 15
• Hot Topics: Sales Tax Rates
• Minnesota: Updated Bulletin Addresses Taxation and Sourcing of Telecom and Pay Television Services
• Ohio: Proposed Rule Reflects Law Permitting Bad Debt Deductions for Certain Private Label Credit Card Transactions
• PwC: US Indirect Tax Digest – February 2024

WORLD

• B2B e-Invoicing and Benefits of a Streamlined Invoicing Process
• PE Watch | Latest developments and trends, February 2024
• VAT Reporting
• VAT Return-VAT Refund
• VATupdate.com Daily Newsletter: February 8, 2024

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