VATupdate.com Daily Newsletter: April 22, 2024

What happened on April 22 in the world?

Earth Day: This annual event, held on April 22, aims to demonstrate support for environmental protection.

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Headlines April 22, 2024

• VATupdate.com Daily Newsletter: April 20, 2024
• Ultimate E-Invoicing Procurement Guide 2024
• E-Invoicing & E-Reporting developments in the news in week 15 & 16/2024
• A guide to VAT in Germany
• North Holland District Court: VAT exemption for digital consultations provided by medical specialists

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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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ANGOLA

• Angola Tax Agency Revises VAT Code, Introduces Measures to Benefit Taxpayers

AUSTRIA

• Austria MOF Clarifies Input VAT Flat Rate for Foreign Entrepreneurs: Recent Court Decision
• Court Rejects Small Business Exemption and Flat-Rate Deduction for Input Tax

AZERBAIJAN

• Azerbaijan Grants Tax and VAT Exemptions for COP29 Participants

BAHRAIN

• VAT Transportation Guide for the Kingdom of Bahrain

BANGLADESH

• Government Considers VAT Exemption to Boost Recycled Fibre Industry and Reduce Cotton Imports

BELGIUM

• Opting for Small Business VAT Franchise Regime: Deadline and Application Process for 2024
• Three Convicted in Belgium for Evading €3.1 Million in Customs Duties on E-Bikes
• How do I prepare an invoice with copyright?

CHINA

• China Implements Tax Reverse Charge to Boost Recycling Efforts in Industrial Sector

CYPRUS

• Cyprus Law: 5% VAT Reduction for Residence Purchase or Construction

DENMARK

• Danish Tax Authority Disallowed VAT deduction for expenses on rental townhouses

ECUADOR

• Ecuador’s E-Invoicing Regulations Amended: Second Supplement Published in Official Gazette

EUROPEAN UNION

• ECJ: Classification of single-use vouchers based on issuance, not subsequent transfers in multi-state distribution chain.
• Next Steps for VAT in Digital Age after VAT EXPERT GROUP Meeting
• ECJ: VAT Treatment of Pawned Goods Auction Sales – No Accessory Character to Credit Concession
• EU Court rules on VAT treatment of goods auctioned by credit provider with collateral
• Challenges in Defining EU Fixed Establishment Rule Amid Automation Advancements

EUROPEAN UNION/GERMANY

• Tax Exemption for Educational Services: Challenges and Legal Uncertainties in EU and German Law

EUROPEAN UNIONHUNGARY

• New ECJ VAT Case C-270/24 (Granulines Invest)

FINLAND

• Government’s VAT Hike: Impact on Low-Income Earners in Finland

GERMANY

• Germany Reinstates Gas and Electricity VAT Rate to 19% Amid Global Energy Price Pressures
• A guide to VAT in Germany

INDIA

• GSTN Enhances E-Invoicing Portal with New Features for Taxpayers in India
• GST Council to Review Exempting Reinsurance from GST After General Elections

ISRAEL

• Unicameral legislature of Israel Approves 1% VAT Increase starting January 1, 2025

ITALY

• Ruling: Classification and VAT rate for mixed composition vegetable cat litter
• Artwork Intermediation under VAT Mandate Rules: Resale of Art Subject to Margin Scheme
• 22% VAT on Cat Litter Sales: When Does It Apply?
• Simplified Tax Return Process Unveiled for 2024

ITALY/UNITED KINGDOM

• Italy-UK Reciprocity Agreement: VAT Refunds for UK Companies, Retroactive from 2021

KAZAKHSTAN

• State Revenue Committee Introduces Renewed Retail Tax Regime

LIBERIA

• Liberia Prepares for VAT Implementation

LITHUANIA

• Lithuania Tax Agency Seeks Feedback on Proposed VAT Law Amendments for International Trade

MALTA

• Malta VAT Act Version 1 January 2024

NETHERLANDS

• North Holland District Court: VAT exemption for digital consultations provided by medical specialists

PHILIPPINES

• Philippines E-Marketplace Tax Update: Delayed Withholding Tax and Pending VAT Legislation
• Philippines e-marketplace operators withholding tax delayed

POLAND

• Poland’s B2B e-Invoicing Consultation Results: Key Findings and Future Directions
• Poland Reinstates 5% VAT on Basic Foods to Combat Inflation
• Ruling: No Right to Deduct and Refund VAT for Project Aimed at Increasing Retention Capacity
• VAT Bad Debt Relief for Cash Accounting Taxpayers in 2024
• Poland’s Ministry of Finance to Launch KSeF Hotline for Taxpayers in July 2024
• The Ministry of Finance will launch the KSeF hotline from July

ROMANIA

• Updated Guide on Taxation of Renting and Subleasing Property by Romanian Fiscal Agency

SAUDI ARABIA

• Guidance on VAT Exemption for Private Educational Services Provided to Saudi Citizens

SOUTH KOREA

• South Korea MOF Seeks Feedback on Extending Tax Reduction for Petroleum Products until June

SWITZERLAND

• Switzerland VAT Changes for Cross-Border Supplies: Impact on Travel, Culture, and Events in 2025

UKRAINE

• Export of previously imported object for finalization: VAT implications and rates.
• Is it necessary to have an extract from the VAT Register?
• Who can register as a VAT payer among “unity” members?
• Do Non-VAT Payers Need to Register as VAT Payers for Tax Payment on Imports?
• Goods purchased from non-VAT payer: should they be indicated in the Data Table?

UNITED KINGDOM

• New Requirement for Postcode Provision in Freeports and Investment Zones for NICs Relief
• Consultation on VAT Relief for Charitable Donations of Low Value Goods
• Government Consultation on VAT Treatment of Private Hire Vehicles
• UK HMRC Issues 2024-2025 VAT Road Fuel Scale Charges Guidance for Business Vehicles
• HMRC Updates VAT and Excise Law for 2024: TOMS and B2B Wholesale Supplies Included
• Working with influencers: A VAT guide for businesses

UNITED STATES

• Arkansas Supreme Court Holds Auto Dealerships Liable for Sales Tax on Employee Vehicles
• Governor’s Budget Amendments and Tax Policy Debate

UZBEKISTAN

• Uzbekistan’s VAT Exemption on Precious Stone Imports

WORLD

• Ultimate E-Invoicing Procurement Guide 2024
• E-Invoicing & E-Reporting developments in the news in week 15 & 16/2024
• VATupdate.com Daily Newsletter: April 20, 2024

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