Aliens
Ever stumble upon a headline so bizarre you can’t help but chuckle? Picture this: an Australian Army vehicle, meticulously painted with camouflage, mysteriously vanishes, leaving authorities scratching their heads. It’s the kind of story that reminds us not to take life too seriously and to find humour in the unexpected.
But amidst the laughter, there’s a crucial lesson to be learned. In a world where information flies at us faster than ever, it’s essential to tread cautiously. Our team at VATupdate.com understands this all too well. With over 80 daily posts sourced from nearly 500 different sources, we strive for accuracy but acknowledge the occasional slip-up. That’s why we urge you, our valued readers, to be vigilant and notify us of any discrepancies you spot.
At the same time, we want you to think creatively, and find time to think about other things besides VAT. For example, if aliens were to visit Earth, would they share use the same math? It’s a captivating thought experiment. While their symbols may differ, could the fundamental concepts remain the same? Is two plus two still four?
As we embark on another week together, we encourage you to engage with our content, share your thoughts, and let us know how we can better serve you. Whether it’s a laugh, a moment of reflection, or a stimulating discussion, we’re here to enrich your journey.
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
To go directly to the region, click below:
WORLD
- E-Invoicing & E-Reporting developments in the news in week 10/2024
- Navigating the Digital Transformation of Indirect Tax Compliance: A Holistic Approach
- 10 countries set to mandate B2B e-invoicing: Are you ready to comply?
- What Is E-invoicing? A Comprehensive Guide
- Fonoa Webinar – Tax Data and Technology: Practical In-House Strategies (March 19, 2024)
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
- Webinar Recap: 2024 Tax Compliance Virtual Symposium | European e-Invoicing Journey
- RTC Webinar – Accelerating Romania: The Future of e-Transport Unveiled (March 6)
AFRICA
- Angola VAT Law Revisions: Implications for E-Commerce and Other Taxation Changes
- VAT Law Revisions: Implications for E-Commerce and Other Taxation Changes
- Angola VAT on e-commerce update
AMERICAS
- New Jersey: US Court of Appeals Affirms Dismissal of Lawsuit Against Streaming Entertainment…
- Illinois Appellate Court Says Expanded Temporary Storage Exemption Does Not Apply Due to Partial In-State Use
- 2024 Sales Tax Holidays: Dates and Exempt Items by State for Consumer Savings
- Navigating Sales Tax Compliance for NFTs: Recent Developments and State Guidance
- Oklahoma Eliminates State Tax on Food Sales with House Bill 1955
ASIA-PACIFIC
- GST applicable to cash dispensing services supplied in gambling venues
- Australia’s Revision of Peppol PINT: A Comprehensive Overview
- GSTN Successfully Integrates E-Waybill with Four New IRPs via NIC
- Extension of RoDTEP Support for Exporters
- No GST Council meeting until the new government forms
- Madras High Court: ITC claim valid even if not in GSTR-3B, based on GSTR-2A and GSTR-9
- Japan’s VAT Reforms Will Impact Major Digital Platform Operators
- Japan’s 2024 VAT Reform for Cross-Border Digital Transactions
- Japan’s New VAT Regime for Digital Platforms: Implications for Major Operators
- Japan’s New Tax Rules: Platform Operators to Remit Consumption Tax for Foreign E-Service Providers
- Finance Minister II rules out reintroduction of GST due to burden on low-income Malaysians
- MDEC Releases PINT Specifications for Peppol E-Invoicing in Malaysia
- Malaysia Customs Guide: Sales Tax Exemption for Approved Manufacturing and Hotel Companies
- Malaysia Service Tax rise to 8% March 2024
- FBR’s Swift Action on Sales Tax Refund Claims
- IMF Urges Pakistan to Increase GST on Essential Items to 18% for Revenue Boost
- IMF Recommends Broadening GST to 18% to Enhance Revenue Generation in Pakistan
- FBR Disburses Rs 65 Billion in Tax Refunds, Boosting Export Sector and Economic Growth
- FBR Implements New SOP for Sales Tax Time Extension Requests: Circular No. 1 of 2024
- Revisiting VAT Refund Rules: Impact of EoPT Law on Taxpayer Appeals and Compliance
- Proposed 12% VAT on Cross-Border Digital Services Consumption
EUROPE
- New ECJ case Cityland C-164/24
- ECJ Ruling: Bulgarian VAT Refund Rights Upheld with Interest Calculation Clarification
- ECJ Preliminary Ruling on Bulgarian VAT Rules: Implications for Taxpayers and Legislation
- Comments on ECJ C-676/22: No VAT exemption without proof of recipient’s taxable status in Czech Republic
- ECJ C-796/23 (Česká síť vs. Czech Republic) – Questions – Is ‘designated partner’ liable for the entire society?
- Comments on ECJ C-676/22: Knowledge of the identity of the buyer and the possibility of applying…
- Comments on ECJ C-341/22: VAT Denial for Vigna Ottieri: The Consequences of Being Classified as a…
- Comments on ECJ C-676/22: VAT exemption for IC supplies of goods: proof of supply to the recipient
- Comments on ECJ C-314/22: VAT refund in case of ‘bad’ debts
- Comments on ECJ C-341/22: No minimum threshold of output transactions subject to VAT as established by the Italian legislation
- Comments on ECJ C-87/23 (AG Opinion): Latvian association that provides training carries out independent economic activity
- Comments on ECJ C-341/22: Italy wrongly imposes turnover requirement for VAT liability
- ECJ Decision: VAT Exemption Only with Known Recipient Identity and Delivery Documentation
- Comments on ECJ C-676/22: Czech Tax Authority Refusal to Exempt B2 Energy from VAT for Alleged Intra-Community Supplies to Poland
- Comments on ECJ C-314/22: VAT law allows Member States to set a limitation period for claiming a VAT refund
- Comments on ECJ C-674/22: Payment of interest to a taxable person for refunded VAT
- Comments on ECJ 314/22: Member state CAN limit the time for applying for VAT bad debt relief BUT it…
- Comments on ECJ C-533/22: Further practical guidance from the Advocate General on fixed establishment
- European Court of Justice ruling on VAT exemption conditions for goods delivery to another EU member…
- Agenda of the ECJ VAT cases – 2 Judgments, 3 AG Opinions, 3 Hearings announced till March 22, 2024
- Comments on ECJ C-674/22: Accounting errors or changes in the calculation of VAT for overheads and VAT and interest refunds
- Comments on ECJ C-537/22: Ruling on Hungarian VAT Deduction Rules Published in EU…
- ECJ – AG considers DAC 6 sufficiently precise and clear
- Comments on ECJ C-314/22: Conditions for reducing the VAT taxable amount not always in conflict with EU law
- Comments on ECJ C-676/22: No VAT exemption for ICLs in case of uncertainty VAT status of…
- Comments on ECJ C-632/22: EU directive on the obligation to report cross-border arrangements (DAC6) is not in conflict with EU law
- Comments on C‑341/22 (Vigna) – Italian Anti-Abuse Scheme for Empty Companies Contravenes VAT Directive
- ECJ C-341/22 (Feudi di San Gregorio Aziende Agricole SpA) – Judgment – VAT deduction even if…
- Comments on AG Opinion in C-87/23 – VAT Aspects of Subsidized Training Projects; Three-Party Contract
- ECJ C-87/23 (Latvijas Informācijas un komunikācijas tehnoloģijas asociācija) – AG Opinion – Subsidies paid by a fund to specific service providers for a particular…
- DAC 8: Reporting and Exchange of Information on Crypto-Assets
- EPPO Report: €11.5 Billion VAT Fraud Increase Sparks Push for E-Invoicing Mandates
- EU Extends VAT Exemption for Imports in Response to Russia-Ukraine Conflict until 2024
- EU Court of Justice Ruling on VAT Deduction Threshold C-341/22
- What are the VAT registration thresholds in the Member States of the European Union?
- What is the “individual number” as mentioned in the EU VAT Directive?
- European Commission’s report on e-invoicing adoption
- VAT exemption for goods aiding Ukraine’s conflict-affected and vulnerable populations
- Understanding the EU’s CBAM: Updated FAQ
- European Economic and Social Committee supports Commission’s proposal for distance sales of imported goods
- Italian Entrepreneur Charged with €41.8 Million VAT Fraud and Misappropriation of Public Funds
- Operation Huracán: Five Indicted for €53 Million VAT Fraud in International Car Trade
- Where are Amazon’s warehouses? List of all locations
- VAT waiver on EU defence equipment
- European Public Prosecutor’s Office uncovers more fraud in 2023, warns of organized crime impact.
- Right of deduction VAT deducted on investment goods. What should I do if I stop trading?
- VAT and TP charges – Three different cases referred to the ECJ
- European Union | First vote on EU customs reform
- 2024 European VAT registration & Intrastat thresholds
- VAT Implications of Transfer Pricing Adjustments: A Complex Interplay
- ViDA: Revolutionizing EU VAT for Governments, Businesses, and Consumers
- ViDA Timetable: VAT in the Digital Age Negotiations and Key Pillars Update for 2024
- Belarus President Signs Decree for VAT Exemption on Imported Technological Equipment and Parts
- Belarusian President Lukashenko Announces VAT Exemption to Boost Production and Technological Advancement
- VAT Carousel Fraud: Belgium’s Latest Updates
- Learn how the ET 14000 License allows companies to defer VAT on imports in Belgium
- What do you need to know about Belgian VAT?
- Import with DDP to Belgium: Advantages, Disadvantages, and VAT Compliance Considerations
- Updated Coefficients and Figures for VAT Declaration by Small Café Owners – Q1 2024.
- Tax Ministry Proposes Zero VAT Rate for Domestic Airline Operations by 2025
- Danish Government Considers VAT Exemption for Domestic Flights to Boost Air Travel…
- Denmark is considering a VAT exemption for domestic flights to support airlines and local airports
- Danish Parliament Approves Bill Amending Tax Laws and VAT Rules for Cultural Events Access
- Danish Parliament Considers Bill to repeal special VAT rule for electricity and gas trading
- Danish Parliament Approves Tax Law Changes to Benefit Small Businesses and Artists
- Understanding and Implementing VAT Reverse Charge in France
- What do you need to know about French VAT?
- New excise rates in France for 2024
- Postponement of e-Invoicing Deployment in France
- No Input Tax Deduction for Subsidies to Canteen Operators, Right?
- Enhanced Export Control Procedures: Third Package of Measures Announced for Speeding Up…
- Deductibility of Input VAT from Invoice of Insolvency Administrator in Full Amount
- VAT Guidelines for Cross-Border Bus Transport Not Registered in Germany: Updated April 2024.
- German Parliament Advances Growth Opportunities Act for Mandatory E-Invoicing Implementation
- BFH Rules on Input Tax Deduction for Insolvency Administrator’s Services in Pre-Insolvency Period
- Greece Implements Pre-filled VAT Declarations with myDATA Digital Platform from 2024
- AADE expands functionalities for VAT declarations on myDATA platform – March 4, 2024
- AADE: Expanded functionalities for VAT declaration platform for expenses from myDATA
- Hungary Implements Real-Time Online VAT Cash Register Upgrade for Businesses
- Hungary to Introduce E-Receipts and E-Cash Registers in 2024
- VAT treatment of Construction services
- VAT treatment of negotiation services
- New Tax and Duty Manual (TDM) on VAT treatment of Construction services
- VAT Treatment of Negotiation Services in Financial Services: A Comprehensive Guide
- The new warranty obligation for fiscal representatives and non-EU taxpayers intending to carry out intra-EU transactions in Italy came into force
- Tax treatment for part-time teachers giving private lessons
- The Incompatibility of Italian Law with Directive 2006/112/EC: Case Study on VAT Credit Loss
- When does the 10% VAT apply for burying telephone lines on the road?
- Treatment of VAT for underground telephone line works in road redevelopment project
- Tax treatment for social housing transactions between Municipality and Cooperative
- Ruling: 10% VAT on social housing transfers to the Municipality
- Reduced VAT rate on new urbanization works, not applicable for telephone network adjustments
- Impact of Assigning Assets to Partners on 2023 VAT Declaration and Rectification Obligations
- Limits on VAT deduction for residential buildings clarified by the Tax Agency
- Expanded use of TD28 for foreign communication, non-resident VAT, and anti-abuse measures…
- VAT deduction for partial payment of credit: Cassation confirms inseparability of taxable base and tax
- VAT Transmission from San Marino: Validity of Accounting Invoice – Interpretation and Cases
- Cassation confirms VAT exclusion for partial payment of credit in bankruptcy proceedings.
- Adjustment of VAT deduction for those entering the lump sum regime: implications and procedures
- Malta introduces a “parking-rate” of 12% VAT on certain services
- Malta’s VAT Receipt Lottery: Integrity, Controversies, and Minister’s Defense
- Benefits of Fiscalization: Increasing Revenues, Suppressing Gray Economy, and Enhancing Transparency
- eHerkenning now also possible for foreign companies without Chamber of Commerce registration in the…
- Allocation or Withdrawal of VAT Identification Number in Tax Law
- Consecutive horse shipments qualify as one for VAT
- Proposed Changes to VAT on Real Estate Services
- Arrests in VAT fraud case involving money laundering and counterfeit goods discovery
- What do you need to know about Dutch VAT?
- Government proposes VAT revision period for real estate services over €30,000 to address tax-saving…
- Internet consultation on VAT revision of real estate services started
- Plots with concrete slabs and sewerage qualify as building sites
- Internet consultation on VAT adjustment period on services to immovable property
- Pension Administration is Insurance: Fund Not Entitled to VAT Refund – Tax News
- Objection to notification of VAT refund rightly declared inadmissible
- Careless administration leads to partial enforcement of additional VAT assessments
- Additional VAT liability in case of accounting office errors
- The provisions on the KSeF will enter into force without significant changes
- Summary of completed consultations of the Ministry of Finance on the obligatory National System of e-Invoices (KSeF)
- Poland’s Proposal: Lowering VAT Rate on Beauty Treatments to 8% from April 2024
- Ruling: VAT Settlement by Municipality for Water and Sewerage Management
- Property Sales – Differentiation of PCC and VAT
- VAT Deduction for Invoices Received Before VAT Registration as an Active VAT Taxpayer
- What is active grief in Poland and when you have to submit it
- Raising ecological awareness without the right to deduct VAT
- Prime Minister Donald Tusk recommends returning to the 5 percent VAT rate on food
- VAT Deduction for Personal Car Leasing: Limitations and Conditions for 50% Deduction
- Summary of Tax Consultations on KSeF Implementation: Key Issues and Proposed Solutions
- New VAT KSEF Regulations Coming into Effect with Minimal Changes – Latest Updates and Expectations
- VAT Fraud Uncovered: Company Denied Improper Tax Refund of 65 Million PLN by KAS
- Postponing the introduction of e-invoices (KSeF) in Poland
- Draft legislation on KSeF changes will be released in March
- Poland 2025 KSeF e-invoicing; legislation due March
- Running a Dormitory Without a Contract with a School or University is not VAT Exempt
- Return of expropriated land and compensation to municipality: What about VAT?
- Impact of Lowering VAT in Beauty Industry on State Budget, Economy, and Consumers
- End of KSeF consultations – upcoming VAT law changes on the horizon.
- The Importance of Permanent Establishment in Poland for Foreign Entrepreneurs and Their Counterparties
- 10,000 participants attend KSeF consultation meetings – legislative solutions and educational initiatives planned
- Lower VAT rate for beauty services starting April 1, 2024
- Negative electricity and gas prices and VAT
- Adjustment of VAT base permitted for price reductions to non-clients
- Law published to implement CESOP
- New VAT exemptions: which codes to specify in the declaration?
- Proposed Amendments to Include Children’s Goods in Reduced VAT Rate List: Latest Updates
- Children’s Furniture of Domestic Production to Be Taxed at Preferential VAT Rate from March 6, 2024
- Permissible Operation Codes for VAT Declaration Filing: Changes in Russian Tax Legislation (05.03.2024)
- Russia to Abolish Zero VAT on Sale of Silver Bullion to Individuals
- Who pays VAT when establishing servitude? Taxation clarification for land use restrictions in Russia.
- New Forms Approved for Confirming 0% VAT Rate on Exports by the Tax Authorities
- New Forms for Confirming Zero VAT Rate on Exports Effective from July 1, 2024
- Non-resident companies and Spanish e-regulations
- VAT on Exempt Activities and Artificial Interposition of Society for VAT Deduction
- Spain Extends Deadline for Financial Account Declarations under EU Directive 2021/514 (DAC7)
- Revised draft e-invoicing regulation brings Spanish tax authority’s ‘dream’ closer
- Technical Requirements for New Billing Systems: Insights from Draft Royal Decree in Spain
- Stumbling blocks of the VAT rate increase
- Switzerland Tax Agency Seeks Feedback on VAT Guidelines for Vehicle Rental Subscriptions
- Vehicle Subscription Services: Tax Treatment and Legal Considerations for Customers and…
- Determination of VAT taxable base for supply of goods/services, non-current assets
- How to adjust non-taxable operations in VAT declaration: guidance from tax authorities
- VAT Taxation on Equipment Operating on Renewable Energy Sources: Odessa Tax Office Update
- Ukraine Amends Tax Code to Allow VAT Payments in Instalments for Equipment Importers
- Penalty for Late Registration of Zero-Rated VAT Transactions in E-Registry
- Cancellation of VAT payer: right to budget refund? Tax obligations affect refund eligibility regardless of registration status.
- Cancellation of VAT payer in case of transformation: registration, re-registration, and annulment process explained.
- Deadline for appealing refusal to register tax invoice/correction calculation in Unified Register of Tax Invoices
- Explanation of Activity Types for Filling Data Table: Clarification from Tax Authorities
- Cancellation of VAT payer in case of transformation: registration, re-registration, and…
- Deadline for appealing refusal to register tax invoice/correction calculation in Unified Register of Tax Invoices.
- Clarification on VAT-exempt transactions in tax invoices: guidance from the tax authorities
- HMRC Guidance: Opting to tax land and buildings (VAT Notice 742A)
- The Future is Now: Extending MTD to Include Over 4 Million Taxpayers
- VAT Update: Zero and Reduced Rates for Building and Construction Services Explained
- Guide to UK VAT Refunds for Non-UK Businesses: HMRC Notice 723A Updates and Requirements
- Input Tax Claim Allowed on Land Rover Purchase: Three Shires Trailers Case Success
- Updated Guidance on VAT Grouping and Divisional Registration: Pros and Cons Explained
- Impact of Increasing VAT Registration Threshold to £90,000 on Small Businesses
- Repayment Interest on VAT Credits – Updated Guidance from HMRC
- UK Value-Added Tax Gap Grows to £8.8 Billion Over Two Years: Tax Office Report
- VAT Basics: Voluntary Registration for Small Businesses and Startups
- HMRC Research and analysis – Assessing the wider benefits of Making Tax Digital for VAT
- Understanding the VAT Domestic Reverse Charge for Building and Construction Services
- UK Court Rules Against Morrisons in Tax Dispute Over Snack Bars
- Hanlon case: VAT Civil Evasion Penalty Appeal Decision
- HMRC Official Statistics – VAT gap estimates – Second estimate of the VAT gap (tax year 2022 to 2023)
- HMRC Policy paper: Interest harmonisation and penalties for late submission and late payment of tax
- Increasing of the VAT registration threshold from £85,000 to £90,000
- Zero-Rated VAT for Reusable Period Underwear in Women’s Sanitary Products: Isle of Man Treasury…
- VAT Treatment of Nakd and Organix Bars: Confectionery or Zero-Rated Food?
- Navigating VAT implications in health tech sector: advice for B2B and B2C services.
- HMRC Collection: VAT Import One Stop Shop Scheme
- HMRC VAT Update: Exemption for Live Streaming of Funeral Services Confirmed
- Recovering VAT on Deal Fees: Day 2 Considerations
- VAT Recovery on Sale of Subsidiary Shares: HMRC Appeal Dismissed by Upper Tier Tribunal
- Exporting to Iran: A Comprehensive Guide for British Businesses Expanding Overseas Trade
- HMRC Guidance – Check if you can register for the VAT Import One Stop Shop Scheme
- HMRC Guidance: Local authorities and similar bodies (VAT Notice 749)
MIDDLE EAST
- The Tax Authority announces the granting of an additional extension to operate the Israeli invoice model
- Israeli Government Proposes VAT Rate Hike
- Israels Mandatory B2B E-Invoicing Delayed, Again
- FTA SWIFT clarification: Do regular taxpayers (i.e. non-financial institutions) have to issue self-invoices for imported services?
- OECD Endorses UAE Free Zone Regime as Non-Harmful for Global Businesses and Investors
- UAE Financial Institutions Allowed Input VAT Recovery Using SWIFT Messages: FTA Clarification
