VATupdate.com Daily Newsletter: May 3, 2024

What happened on May 3 in the world?

World Press Freedom Day: Although not specific to any one country, May 3 is recognized globally as World Press Freedom Day. It highlights the importance of a free press, freedom of expression, and journalists’ safety.

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Headlines May 3, 2024

• Deloitte 2024 European VAT Refund Guide: Reclaiming VAT in 32 Countries
• Estonia 2025 customer e-invoicing option
• VAT in the Digital Age (ViDA) on the Agenda of the Ecofin meeting on May 14, 2024
• Recover your VAT on expenses paid in France during the Olympics 2024
• Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in April 2024

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• VATupdate Newsletter Week 17 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 April 2024
  • E-Invoicing & E-Reporting developments in the news in week 17/2024
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 3 AG Opinions announced till May 30, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in April 2024 – ECJ seems to have booked a front-row seat for the “Busy Month Club”
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
  • Global Upcoming VAT Rate changes – Chronological

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CANADA

• CARM external launch postponed until October 2024

CHILE

• Chile Proposes Extension of VAT System to Low-Value Imports by Consumers

DENMARK

• Denmark Tax Agency: VAT Treatment of Compensation Payment for Leasing Property to Competitor

ESTONIA

• Estonia 2025 customer e-invoicing option

EUROPE

• Deloitte 2024 European VAT Refund Guide: Reclaiming VAT in 32 Countries

ECJ

• Comments on ECJ C-207/23: Heat delivered free of charge
• Comments on ECJ C-60/23: Digital Charging Solutions – Strained Arguments and Controversial Conclusions
• Comments on ECJ C-68/23: ECJ comments on definition of single-purpose vouchers and B2B voucher distribution
• ECJ Ruling: German Input VAT Deduction Rules for Biogas Plant Heat Transfer Case

EUROPEAN UNION

• VAT in the Digital Age (ViDA) on the Agenda of the Ecofin meeting on May 14, 2024

FINLAND

• Finland Proposes 1.5% Increase in VAT and Insurance Premium Tax: Consultation Period Open
• Finnish Government to Increase Standard VAT Rate to 25.5% by 2024, Second Highest in EU

FRANCE

• Recover your VAT on expenses paid in France during the Olympics 2024

GREECE

• Greece Proposes Domestic Reverse Charge for Construction Services to Combat VAT Fraud

INDIA

• Record GST mop-up reflects robust economy; raises hope for further reforms

JAPAN

• Japan’s 2024 Tax Reform: Implications for Foreign Suppliers and Platform Operators

LAOS

• Laos Restores 10% VAT Rate

NETHERLANDS

• Telecommunications service provider does not offer a multipurpose service

NIGERIA

• Nigeria’s Fiscal Health Concerns: Lowest VAT Collections in Africa

PHILIPPINES

• Philippines Urged to Implement 12% VAT on Digital Transactions to Boost Revenue

POLAND

• Polish VAT updates April 2024
• Three Detained in Silesia for Involvement in VAT Crime Scheme

ROMANIA

• Changes to VAT exemptions: GEO no. 31/2024

SAUDI ARABIA

• Saudi Arabia’s Criteria for 9th Wave of VAT E-invoicing Integration
• ZATCA further extends the scope of taxpayers required to comply with Phase 2

SOUTH KOREA

• South Korea Extends Temporary Reduction of Individual Consumption Tax Rate on Butane Oil

SPAIN

• End of Reduced VAT on Staple Groceries on June 30
• Spanish Tax Authorities’ Technical Guide on Single Administrative Document

SWITZERLAND

• Consultation Draft: Reporting Procedures/Restructuring
• Proposed Adjustments to VAT Law for Bankruptcy Threshold – Consultation Draft
• Swiss Tax Authorities Propose Further Increase in VAT Rate to Cover Pension Deficit

THAILAND

• Thai Government Revokes VAT Exemption for Low-Priced Imported Goods to Support Local Businesses

UKRAINE

• Changes in VAT refund terms
• VAT Obligations for Sole Proprietors in Payment Systems: Residency and Taxation Clarifications

UNITED ARAB EMIRATES

• Zero Rating Export Documentation Requirements as per UAE Federal Decree-Law No.8 of 2017

UNITED KINGDOM

• Is this the real life? Is this just fantasy? Considering the Prudential VAT case

UNITED STATES

• Missouri Senate Bill 1180: Sales Tax Exemption for Medical Devices Effective August 28, 2024

WORLD

• Digital Taxation around the World
• How interoperability makes business easier
• Sovos Introduces Comprehensive Indirect Tax Suite for Global Compliance and Reporting
• VATupdate.com Daily Newsletter: May 2, 2024
• Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in April 2024

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