Headlines March 16 & 17, 2024
- VAT Recovery for Olympics Operators: Navigating Tax Issues in France
- EU – Data on Taxation Trends – Tax on consumption 27.3% of total tax revenue
- Germany – Business Case: Triangular transaction with 4 entrepreneurs
- Belgium – Parliament approves law – VAT Scheme for Small Businesses
- Italy – National and EU VAT regulations to be coordinated: Draft of Unified VAT Law available for consultation.
- VATupdate Newsletter Week 10 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 11/2024
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in February 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 – 2 Judgments, 3 AG Opinions, 3 Hearings announced till April 11, 2024
- 1002 ECJ VAT Cases are now available on www.vatupdate.com
- This is what happened in the ECJ (VAT) in February 2024 – ECJ continues to deal with the weakly defined concepts in the EU VAT Directive
- VAT Rates
ANGOLA
AUSTRALIA
- ATO Draft Ruling: Four-Year Limit on GST and Fuel Tax Credit Claims
- NSW and Vic Clash Over GST Distribution: Friendly Fire or Civil War?
- Taxpayer Victory: Hannover Life Prevails in Landmark GST Case against ATO
AUSTRIA
- Adjusting Input Tax on Down Payments when Services are not Rendered: Recent VAT Guidelines Update
- Understanding VAT: Can a Contract be Considered an Invoice? Recent Updates on Invoicing Guidelines
BELARUS
BELGIUM
- New VAT Reporting Requirements for Mixed Taxpayers in Belgium: Key Changes and Obligations for 2024
- Parliament approves law – VAT Scheme for Small Businesses
BURKINA FASO
- Burkina Faso Launches eCustoms: Modern Payment Platform for Tariffs
- Burkina Faso: Parliament Adopts Finance Law 2024 with Significant Tax Amendments
CABO VERDE
- 2024 Budget Introduces Major Tax Changes for Sustainable Development
- Cabo Verde Introduces VAT Self-Invoicing Ordinance: Guidelines Released for Taxpayers
CAMEROON
CZECH REPUBLIC
DEMOCRATIC REPUBLIC OF CONGO
DENMARK
EGYPT
EUROPEAN UNION
- EU Customs Reform: Streamlining Procedures for E-commerce and Enhancing Controls
- EU Regulation 2020/1056: Advancing Digitalization in Freight Transport and Logistics
EUROPEAN UNION/ ICELAND/ NORWAY
EUROPEAN UNION/ NETHERLANDS
FRANCE
GERMANY
- Application of Total Turnover Key for Input Tax Allocation
- Violation of EU law by § 14c UStG: No tax liability without tax risk, no liability in good faith
- Business Case: Triangular transaction with 4 entrepreneurs
GHANA
- Ghana suspends VAT on residential electricity consumption above specified maximum level
- Significant Tax Acts Amendments Effective from Presidential Assent on 29 December 2023
INDIA
INDONESIA
ISRAEL
ITALY
- Italy Tightens Rules on VAT Representatives for Nonresident Taxpayers
- National and EU VAT regulations to be coordinated: Draft of Unified VAT Law available for consultation.
JAMAICA
KAZAKHSTAN
KENYA
- Kenya Considers Imposing VAT on Bread and Milk to Boost Revenue Collection
- Kenya Launches eTIMS Lite for Non-VAT Taxpayers to Generate Invoices Electronically – Compliance Deadline Unchanged
LAOS
MALAYSIA
MOZAMBIQUE
NAMIBIA
- Budget Statement Paves the Way for e-Invoicing Implementation
- Namibia’s 2024 Budget Speech: New Tax Measures and Revenue Collection Improvements
NETHERLANDS
- $8 Million VAT Fraud Fine for Fake Call Minutes Scheme
- Changes to VAT filing process after July 1, 2024: Important updates for businesses
- Court rules against zero-rate VAT on lending personnel for development work
NIGERIA
- EU Criticizes Nigeria’s Low VAT Rate, Calls for Tax Reform and Transparency in Administration
- EU-ECOWAS Delegation Criticizes Nigeria’s Ineffective VAT System and Calls for Reform
- FIRS Postpones Implementation of VAT Guidelines for Non-Resident Suppliers to Nigeria
- Nigeria: Notice for Deduction and Remittance of Electronic Money Transfer Levy on Foreign Currency Transactions
NORWAY
- Understanding the Importance of POS ID in Norwegian Fiscalization: Key Requirements and Functions
- VAT on Sanitary Products in Norway: A Necessity or Luxury?
PAKISTAN
PHILIPPINES
POLAND
- 5% VAT Rate on Basic Food Products from April 1, 2024
- Changes in VAT rates for beauty services effective from April 1, 2024: 8% instead of 23%
- Changes in VAT Rates for Food and Cosmetic Services in Poland from April 2024
- Deducting 23% VAT from rental of apartments for employees
- Poland’s E-Invoicing Updates: Draft Legislation, Training Programs, and Launch Timeline for Compliance
ROMANIA
- PwC Romania Tax Conference: Antifraud Controls Intensify, E-Transport and E-Invoice Face Sanctions
- Romania Tax Agency Enacts Law to Combat VAT Fraud in Cross-Border Payment Services
RUSSIA
SÃO TOMÉ AND PRÍNCIPE
SIERRA LEONE
TAIWAN
- MOF Ruling: Late Payment Interest Not Sales Amount for VAT Purposes
- Taxation Regulations for Cross-Border E-Commerce Purchases: Understanding Your Responsibilities
TURKEY
UNITED KINGDOM
- Debunking Myths: Opting to Tax on Commercial Property in the UK
- UK HMRC Allows VAT Recovery for Cladding Remediation: Housebuilders Welcome Change
- VAT Recovery and Business Activities in Further Education: Colchester Institute Corporation Case Study
UNITED STATES
- Michigan Department of Treasury rules SaaS and downloaded applications are nontaxable
- Simplifying Sales Tax Compliance for Online Sellers: State Efforts and Trends
- State-by-State Sales Tax Compliance Guide for Multistate Businesses: Factors, Rules, and Best Practices
- States Implement Sales Tax Exemptions for Personal Hygiene and Baby Products to Benefit Taxpayers
- Virginia Lawmakers Approve Budget Expanding Sales Tax to Digital Goods Including Streaming Services
VIETNAM
- VCCI Proposes Maintaining Zero VAT Rate for Exported Services to Boost Competitiveness
- Vietnam Chamber of Commerce proposes zero VAT for exported services to boost competitiveness
WORLD
ZAMBIA
- Zambia Considers Tax Changes for Miners Amid VAT Dispute: Government Source
- Zambia Enacts Tax Law Amendments: Electronic Invoicing and Mobile Money Transfer Levy Introduced
ZIMBABWE
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