VATupdate.com Daily Newsletter: April 20, 2024

What happened on April 20 in this world

United States: National Look-Alike Day encourages people to celebrate their resemblance to famous personalities or fictional characters. It’s all about embracing your doppelgänger!

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Headlines April 20, 2024

• ViDA update: EU Commission optimistic on approval of ViDA package by May 2024, though delay anticipated on e-invoicing & Digital reporting implementation
• Webinar European Commission – Impact of the EU eInvoicing Directive and the future of electronic invoicing – Slide deck
• Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects Webinar Recap and Resources
• Introduction of E-invoicing Requirement for GST-registered Businesses in Singapore
• Switzerland VAT place of supply 2025

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• VATupdate Newsletter Week 15 2024
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in March 2024
  • E-Invoicing & E-Reporting developments in the news in week 13 & 14/2024
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 4 Judgments, 2 AG Opinions announced till April 25, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in March 2024 – Clean-up time, 2 Orders, 2 Cases Removed
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
  • Global Upcoming VAT Rate changes – Chronological

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BANGLADESH

• Potential Introduction of VAT on MRT Fares Expected in Fiscal Year 2025

BELGIUM

• Do you want to make use of the Exemption Scheme for small businesses?

ECUADOR

• Ecuador’s Reduced VAT Rate for Construction Materials: Eligible Items Listed by Internal Revenue Service

EUROPEAN UNION

• Classification of single-use vouchers based on issuance, not subsequent transfers in multi-state distribution chain.
• EU Commission Optimistic for ViDA Approval by May 2024, Delay Expected for E-Invoicing Implementation
• No VAT exemption for organizing pawn auction sales – EU Court ruling
• ViDA update: EU Commission optimistic on approval of ViDA package by May 2024, though delay anticipated on e-invoicing & Digital reporting implementation

EUROPEAN UNIONWEBINARS / EVENTS

• Webinar European Commission – Impact of the EU eInvoicing Directive and the future of electronic invoicing – Slide deck

GERMANY

• Annual Tax Act 2024: Harmonisation of VAT exemptions with Union law: management of credit and operational helpers in agriculture and forestry

INDIA

• GST not payable on amount recovered from permanent employees for canteen facility provided by employer

ITALY

• Criminal liability for failure to pay VAT exceeding €250,000

ITALY/ UNITED KINGDOM

• Italy: Reciprocity agreement with the United Kingdom

MALAYSIA

• Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects Webinar Recap and Resources
• Revised RMCD Service Tax and Sales Tax Guides
• RMCD Service Tax Policy Updates for 2024: Logistics, Maintenance, and Warranty Clarifications
• Updated Guidelines for Software Development Kit (SDK) of Malaysia

MALAYSIA/ WEBINARS / EVENTS

• Webinar Recap: Exploring Malaysia e-Invoicing. Compliance, Implementation, and Technical Aspects

NEW ZEALAND

• New Zealand Implements GST on Digital Platforms
• New Zealand’s Comprehensive GST Grouping Guidance

PAKISTAN

• Challenges Arise with New Sales Tax Provisions: Taxpayers Await FBR Clarification

POLAND

• Amendment of Deposit Law: Delay for Milk Packaging and VAT Clarifications
• Poland exempts disposable packaging from VAT tax in new deposit scheme regulations
• Poland introduces mandatory e-invoicing from 2025

SERBIA

Updates to VAT Rulebook: Exemptions for Customs Warehousing, International Agreements, and First-Time Apartment Buyers

SINGAPORE

• Introduction of E-invoicing Requirement for GST-registered Businesses in Singapore

SWITZERLAND

• Switzerland VAT place of supply 2025

TURKEY

• Extension of Deadline for Payment of February 2024 SGK Premium Debts with VAT Offset

UKRAINE

• Court Upholds Tax Authority’s Decision on VAT Increase
• How to check VAT payer for risk: tips from the tax authorities in E-cabinet

UNITED KINGDOM

• UK confirms VAT law retains EU interpretation
• UK Government Considers Tax Implications of High Court Ruling on Private Hire Vehicle Sector
• UK VAT Law Continues to Align with EU Interpretation Three Years After Brexit

UNITED STATES

• Importance of Customs Compliance: The Importer’s Duty to Exercise Reasonable Care
• Indiana: Remote Seller Bulletin Explains Removal of 200-Transaction Threshold from Wayfair Economic Nexus Statute
• Massachusetts Department of Revenue Adopts Rule on Accelerated Sales Tax Remittance

UZBEKISTAN

• Online Seminar on Electronic Invoicing and QQS Reporting for Taxpayers in Uzbekistan

WEBINARS / EVENTS

• Webinar Fonoa – In-House Strategies for Indirect Tax Compliance (April 25)

WORLD

• Global E-invoicing Updates: Navigating VAT Requirements in International Operations
• VATupdate.com Daily Newsletter: April 19, 2024

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