VATupdate.com Daily Newsletter: March 20, 2024

Headlines March 20, 2024

• EU e-invoicing and e-reporting overview
• Croatia’s Fiscalization Project 2.0: B2B Electronic Invoicing Implementation by 2026
• 4 party triangulation permissible in the Netherlands
• Spain – Cancellation of Sale. Lack of Receipt of Corrective Invoice: Rectification of Input Tax Deduction.
• IBFD Article: Present and Future Challenges of the Special VAT Scheme for Travel Agents

Webinar

• SNI Webinar – E-Invoicing Evolution: Navigating Global Transactions (March 27)

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• VATupdate Newsletter Week 11 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 – 4 Judgments, 2 AG Opinions, 1 Hearings announced till April 18, 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
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in February 2024
  • Global Upcoming VAT Rate changes – Chronological

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• IBFD Article: Present and Future Challenges of the Special VAT Scheme for Travel Agents

ARMENIA/ BELARUS/ KAZAKHSTAN/ KYRGYZSTAN/ RUSSIA

• Protocol to EAEU Treaty for VAT on E-Services has Entered into Force

BELARUS

• Protocol for VAT on E-Services in EAEU Treaty Enters into Force: Belarus Ministry Announcement

BELGIUM

• Mandatory B2B E-Invoicing in Belgium: Implementation Guide for Businesses

BELGIUM/ GERMANY

• Navigating VAT Grouping in Germany and Belgium: Opportunities and Constraints

BOLIVIA

• Bolivia’s Plan to Extend VAT to Foreign Digital Services

CROATIA

• Croatia’s Fiscalization Project 2.0: B2B Electronic Invoicing Implementation by 2026

ECUADOR

• Ecuador Implements Tax Hikes, Including 15% VAT, to Boost National Security Funding

EUROPE

• EU e-invoicing and e-reporting overview

EUROPEAN UNION

• €58 Million VAT Fraud: Convictions in ‘Cheap Ink’ Investigation Uncover Massive Criminal Scheme
• CJEU ruling on personal liability for VAT payment from fraudulent invoices issued by employees
• Comments on ECJ C-243/23: ECJ to reassess VAT deduction rules for improvement works
• Comments on ECJ C-639/22: AG Kokott considers pension funds not comparable to investment funds
• Comments on ECJ C-644/22: Pension funds – whether ‘special investment funds’ and therefore management services exempt
• EU VAT Changes: New Rules for Digital Platforms Selling Low Value Goods
• General Court to Handle Preliminary Rulings on VAT, Excise Duties, Customs

EUROPEAN UNION/ POLAND

• ECJ Judgment: Polish Company Liable for VAT Due to Employee Fraudulent Activities

GERMANY

• Taxable Performance Provision by Shareholders: Analysis of BFH Decision V R 11/21

GREECE

• Decision on digital dispatch note next week – Pre-completion VAT declaration statistics.

INDONESIA

• Indonesia VAT Increase in Doubt Amid Emerging Parliamentary Rifts
• Indonesia VAT Increase in Doubt Amid Emerging Rifts Among Lawmakers

IRELAND

• CESOP Guidelines for Non-Resident PSP Registration in Ireland: Filing Deadline and Registration Process
• Insights on VAT Registrations: TALC Indirect Taxes Sub-Committee Presentation March 19, 2024

ITALY

• VAT exemption for lawyer’s self-defense: implications of recent court ruling

JAPAN

• Tax Reform Proposal: Deemed Supplier Liability for Foreign Digital Platforms in Japan

LITHUANIA

• Lithuania Exempts VAT on Imports for War-Affected Individuals: Order No. 1BE-231

NETHERLANDS

• 4 party triangulation permissible in the Netherlands
• Impact of Short-Stay Housing on VAT: 4th Decision on Woo Request

POLAND

• Non-contractual use of goods may be subject to VAT
• Understanding Auditors’ Inquiries on VAT Due Diligence
• VAT on Import of Medical Services: Easier Accounting for Polish Buyers

ROMANIA

• Romanian E-Transport Obligation: Scope Extension to International Goods by 2024
• Tax Agency Enforces Reporting Changes for Cross-Border Payments

RUSSIA

• Recommended Formats for 0% VAT Registries Released by the Federal Tax Service of Russia

SPAIN

• Cancellation of Sale. Lack of Receipt of Corrective Invoice: Rectification of Input Tax Deduction.
• VAT Exemption for Vehicle Assignments from Employers to Employees: TEAC Ruling.

SWEDEN

• That’s why it’s time for Swedish companies to prepare for e-invoices

SWITZERLAND

• 2025 Changes: E-commerce VAT Rules in Switzerland – Impact on Online Platforms

UKRAINE

• Taxation of VAT on transport and forwarding services provided to residents: general principles.
• Ukraine Reduces Interest Rate Affecting Late Payment Penalty Interest

UNITED KINGDOM

• Colchester Institute Corporation (No. 2) – FTT – Lennartz – taxpayer win, or part win

UNITED STATES

• Wyoming Removes 200-Transaction Threshold for Out-of-State Sales Tax

WEBINARS / EVENTS

• SNI Webinar – E-Invoicing Evolution: Navigating Global Transactions (March 27)

WORLD

• VATupdate.com Daily Newsletter: March 19, 2024

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