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Headlines April 3 & 4, 2024
- 10 Most Common Global VAT Compliance Issues for Businesses
- Accelerating Agreement on VIDA Package: Key Points and Implementation Challenges
- EU – Understanding the Reverse Charge Mechanism in VAT: A Comprehensive Guide
- France to Impose 3% Revenue Tax on Internet Giants like Google and Amazon
- Latvia introduces mandatory B2B e-invoicing
- Netherlands – Answers to parliamentary questions: Analysis of VAT Compliance Gap and Measures Taken (ViDA)
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- ecosio webinar – E-invoicing is becoming mandatory in Germany – What you need to know (April 11)
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
- RTC Webinar – Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects (April 17)
- VATupdate Newsletter Week 13 2024
- E-Invoicing
- ECJ
- VAT Rates
AUSTRALIA
- Australia’s Response to GST Ruling on Prepared Meals
- Enhancing Tax Governance: ATO’s Top 1000 Assurance Program Updates and Differentiated Approaches
BAHAMAS
BAHRAIN
BANGLADESH
- Call for Lower VAT on Jewellery and Tax Reforms in Bangladesh Budget 2024-25
- World Bank Report: Bangladesh has the potential to collect three times more
BELGIUM
CHILE
- Chilean Lower House Considers Temporarily Removing VAT on Essential Utilities
- Correcting Erroneous VAT Invoices in Chilean Tax Law for Tax-Exempt Housing Construction Project
COLOMBIA
- Clarification on Obligation to Issue Electronic Invoices in Colombian Pesos by DIAN Concept 1509
- Clarification on VAT refund process for energy equipment acquisition post-certification by UPME
CONGO
- Navigating VAT Regulations in Republic of the Congo: Instruction No. 0339 Explained
- Republic of the Congo MOF Issues Instruction on VAT Application in 2024 Finance Law
DENMARK
ECUADOR
ECJ
- New ECJ VAT Case: Brose Prievidza C-234/24
- New ECJ VAT Case: Kosmiro v. Finland (Case C-232/24)
- Input VAT Deduction for Spa Communities: Recent Judgements Bring Hope for Financial Relief
- Feudi VAT Case: EU VAT Law Basics and Anti-Abuse Legislation Analysis
- AG Kokott Opinion: Dutch Pension Funds and VAT Exemption
EUROPEAN UNION
- 2025 EU VAT Changes: Small Company Thresholds, Online Events Rules, and Rate Freedoms
- Accelerating Agreement on VIDA Package: Key Points and Implementation Challenges
- Analysis of VAT interest refunds by AEAT on its website: recent EU court ruling
- EU Regulation Update: New TARIC/EZT Measures for Ozone-Depleting Substances Effective March 11, 2024
- European Commission released new guidance on the use of the valuation simplification scheme
- The History of Alcohol Excise Taxes in Europe: A Long Fiscal Journey
- Understanding the Reverse Charge Mechanism in VAT: A Comprehensive Guide
FINLAND
FRANCE
- Extended timeline for medium-sized taxpayers and updates for Partner Dematerialization Platforms (PDPs)
- France to Impose 3% Revenue Tax on Internet Giants like Google and Amazon
- New Circular on Energy Product Taxation
GCC
GERMANY
- BMF Guidelines on Revenue Allocation Methods: Analysis and Key Questions
- German “Growth Opportunities Act” approved, paving the way for e-invoicing in Germany
- German B2B Status and Recent Updates
- Germany adopts e-invoicing mandate
- Germany to Implement E-Invoicing Requirement from 1 January 2025: What You Need to Know
- Monthly Updated Overview of VAT Conversion Rates 2024 as per BMF Letter dated April 2, 2024
- New End-User Restrictions on SDNs: OFAC Designates German Entities; BIS Revises Part 744
- New Rules Mandate E-Invoices for B2B Transactions in Germany from 2025
- Shift of Tax Liability to Recipient: Requirements – BFH Decision
- Survey on Suspension of Monthly VAT Prepayment Obligation for New Businesses: Impact Evaluation by BZSt
GREECE
- AADE launches digital application for cross-border payment data submission to combat VAT fraud
- AADE: Platform for VAT refund to special status farmers now operational. Apply by December 16, 2024.
- Greek Ministry Consults on Tax Procedure Amendments to Require Guarantees for Specific Taxpayers
- myDATA Updates: New Deadline for esend – Transmission by 30.6
- myDATA: New Decisions Published in the Government Gazette with Changes
- Special regime farmers: Platform for VAT refund now operational for 2024
INDIA
- Compensation collected for Liquidated Damages under the Agreement will be subject to GST
- GST Registration not to be cancelled based on incorrect field visit report
- GSTN mandates e-Invoicing for businesses with over INR 5 crores turnover from April 1, 2024
- Weekly GST Communique dated April 1, 2024
IRELAND
- Understanding the VAT Treatment of Negotiation Services in Financial Services: A Comprehensive Guide
ITALY
- Latest News on VAT Exemption for Cosmetic Surgery: Assonime Circular Explained
- Recovery of VAT in insolvency or restructuring: strategies for businesses
ITALY/ UNITED KINGDOM
KAZAKHSTAN
KENYA
LATVIA
LITHUANIA
MALTA
- Malta Implements 2024 Budget Measures with New Anti-Abuse Provisions in Tax Law
- Malta Tax Agency Guidance: Reduced VAT Rate for Custody of Securities Explained
MOLDOVA
NETHERLANDS
- Answers to Parliamentary Questions on ‘VAT gap in the EU, report 2023’
- Answers to parliamentary questions: Analysis of VAT Compliance Gap and Measures Taken (ViDA)
- Closing the VAT compliance gap in the digital age package (VIDA) by 2024
- Concerns over reliable delivery of registered mail by PostNL despite reliability issues
- Hedging Adjustment Payment not considered negative component for VAT – Amsterdam Court
- Interpretation of ‘cinemas’; reduced VAT rate not applicable – Court Zeeland-West-Brabant
- Lack of Knowledge and Carelessness: Key Factors in VAT Gap
- Online Fitness Coach: Providing Personalized Training and Nutrition Advice for Clients
- Option for VAT-taxable rental of real estate: requirements, benefits, and legal implications
- Outdoor Projection Show Subject to Standard VAT Rate – Court Ruling
- Projection Walk: VAT Exemption for Outdoor Art Installation, Not a Cinema
- RB Proposal Reaction to VAT Revision for Real Estate Services
- Tax Law Case: Application of Zero Rate on Car Deliveries
- Tax Law Case: Online Fitness Coaching Services Outside EU
- Two Men Arrested in VAT Fraud Investigation
- Understanding the VAT implications of brick paving on a building or construction site
- VAT exemption for online fitness coaching services to non-EU individuals – Court ruling
NEW ZEALAND
- New Zealand Tax Agency Updates GST Guidance for Online Accommodation and Transportation Services
- New Zealand’s GST Rules for Listing Intermediaries in the Sharing Economy
PAKISTAN
PARAGUAY
PHILIPPINES
POLAND
- 2024 Construction Services: Can VAT be filed quarterly?
- Consultation of KSeF Interface Software Specification Project
- Consultation on Mandatory e-Invoicing Law Changes in KSeF Project Begins 03.04.2024
- Intermittent Sale for Charitable Purposes Exempt from VAT
- Norwegian VAT included in Polish CIT taxable base
- Penalties for Incorrect VAT Settlements: Avoiding Sanctions
- Poland 2025 KSeF e-invoicing; April legal & interface consultations
- Poland will not maintain zero VAT rate for basic food products
- Poland’s New Bill: Reporting Obligations for Digital Platform Operators (DAC7)
- Proposed Changes to KSeF: Details and Timeline for Implementation by Polish Ministry of Finance
- Return of defective goods (complaint) – when to settle WNT correction
- Tax implications of confirming Polish citizenship without VAT for non-EU residents discussed by tax authority
- VAT Ruling: Payment for Transmission Easement Establishment Subject to Tax for VAT Payers
ROMANIA
- E-Invoicing in Romania: Complete Guide
- Romania Extends E-Reporting Grace Period: New Penalties for Non-Compliance Clarified
- Romanian e-invoicing / e-reporting – grace period extended
- The E-invoicing Revolution in Romania: From Grace Period to Obligation
RUSSIA
- New VAT declaration form for foreign electronic services from April 16, 2024
- Updated form for notifying VAT refund application in new format effective May 1, 2024
SAUDI ARABIA
- KSA ZATCA Introduces New Bonded Zones Rules for Customs Operations and Tax Benefits
- Saudi Arabia announces tenth wave of Phase 2 e-invoicing implementation
- Saudi Arabia Tax Agency Criteria for Tenth Wave E-Invoicing Integration Announcement
- Saudi Arabia: Criteria for 10th Group of Taxpayers for E-Invoicing Integration Phase from October 2024
- Saudi Arabia: New Taxpayer Group Included in Phase 2 of e-Invoicing Implementation
- ZATCA publishes criteria for the upcoming tenth wave of the Integration Phase
SINGAPORE
SLOVAKIA
SLOVENIA
SPAIN
- Revolutionizing Business Transactions: A Deep Dive into Spain’s Mandatory Electronic Invoicing System
- Spain’s Draft E-Invoicing Rules: Impact on Businesses and Deadlines for Compliance
- Spain’s Mandatory Electronic Invoicing
SWEDEN
- Sweden VAT Non-Fungible Tokens digital artwork
- Sweden’s VAT Treatment of NFTs Linked to Digital Works: New Insights
- Tax Agency Clarifies VAT Rules for NFTs with Digital Works
- Update: Skatteverket’s stance on VAT for community associations no longer applicable as per court ruling
SWITZERLAND
- Changes to Swiss Annual VAT Reporting Planned for 2025
- Upcoming Revision of the Swiss VAT Law – Introduction of Annual VAT reporting and considerations regarding fiscal representation and joint liability of managing…
TAIWAN
- Consensus on Menstrual Equality: Tax Exemption for Menstrual Products to be Reviewed Next Week
- Tax Relief Assistance for Earthquake Victims in Eastern Taiwan: Financial Department’s Initiatives
THAILAND
- Government to Impose 7% VAT on Imported Goods to Ensure Fairness for Small Businesses
- Green light for collecting VAT on imported goods valued below 1,500 baht
- Thai Government to Implement 7% VAT on Imported Goods from May: Boosting Fairness for Local Businesses
- VAT Collection for Imports Under 1,500 Baht via Online Platform Effective May
UKRAINE
- Exemption of VAT and Customs Duty for UAV Production Materials
- No Need for Legalization of Documents for Non-Resident VAT Registration through E-Cabinet
- Tax obligations on VAT for sublease rent of state or communal land plots
UNITED ARAB EMIRATES
- UAE FTA Decision Enhances VAT Tourist Refunds Scheme with Stricter Verification Measures
- UAE Tax Agency Guide: VAT Groups Formation, Implications, and Criteria
UNITED KINGDOM
- Boost for Small Businesses: VAT Threshold Raised, Business Rates Frozen, and NICs Cut
- Consultation on Updated VAT Refund Scheme for Museums and Galleries: Changes and Additions 2024
- Essential VAT Tips for Small Businesses and Start-ups: Maximizing Savings and Avoiding Penalties
- HMRC Notice: Who should register for VAT (VAT Notice 700/1)
- HMRC Performance Hits All-Time Low: New Report Reveals Disappointing Decline
- HMRC Reverses Decision on Permanent Cuts to VAT Helpline After Public Outcry
- Important Update: Changes to VAT Margin Scheme for Second-Hand Motor Vehicles by April 30, 2024
- Isle of Man Raises VAT Registration and Deregistration Thresholds
- Latest HMRC VAT Publications and Guidance Updates: Key Changes Post-Brexit
- Navigating VAT in Financial Services: Exemptions, Recovery, and Compliance for Optimal Tax Efficiency
- The Impact of Transfer Pricing Adjustments on VAT: A UK Perspective and Future Implications
- UK Tax Agency Raises VAT Registration and Deregistration Thresholds in Spring Budget 2024
- Understanding VAT Place of Supply Rules for Organising Events: B2B and Admission Related Considerations
- Update on VAT Deregistration and EORI Numbers: Important Guidance from HMRC
- Updated Examples for Export Declarations on Customs Declarations Service from GB
- Updated VAT Notice 700/1: Specified Supplies Registration for Businesses Making Supplies Outside the UK
- VAT Implications for Influencers: A Warning on Tax Obligations and HMRC Action
- WTGIL Ltd: VAT Dispute on Black Box Insurance Services – Upper Tribunal Decision
UNITED STATES
- C. Budget Proposal: Sales Tax Hike, Office Conversion Tax Break, and Revenue-Raising Measures
- Economic nexus threshold changes for out-of-state sellers in Wyoming and Indiana
- Sales/Use Tax Quarterly Update for Second Quarter of 2024
WEBINARS / EVENTS
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
- RTC Webinar – Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects (April 17)
- Webinar European Commission – Impact of the EU eInvoicing Directive and the future of electronic invoicing (April 17)
WORLD
- 10 Most Common Global VAT Compliance Issues for Businesses
- Comparative Analysis of Tax Revenue Impact: Amount A vs. Digital Service Tax Regimes
- VATupdate.com Daily Newsletter: April 1 & 2, 2024
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