VATupdate.com Daily Newsletter: May 7, 2024

What happened on May 7 in the world?

National All is Ours Day: A lighthearted holiday that encourages people to appreciate what they have and recognize the abundance in their lives. It’s a reminder to be grateful for the little things.

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Headlines May 7, 2024

• VATupdate Newsletter Week 18 2024
• VATupdate.com Daily Newsletter: May 6, 2024
• Taxera webinar – Greece Success Story Webinar
• Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)
• What’s new in VAT? – summary of 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
  • April 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

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BAHRAIN

• NBR Workshop Raises Awareness on VAT Invoice Compliance for Businesses

CANADA/UNITED STATES

• Potential Impact of Canadian DST on U.S. Businesses: Industry Association Report Analysis

EUROPEAN UNION

• Member States Close to Consensus on ViDA VAT Package at ECOFIN Meeting on 14 May
• Poll – We are one week before the EU Council may approve the proposal on VAT in the Digital Age on May 14. What will be the outcome?
• Simplifying VAT Compliance For Small Businesses: The New SME Scheme
• Agenda of the ECJ VAT cases – 2 Judgments, 5 AG Opinions announced till June 6, 2024
• Comments on ECJ C-532/23: CJEU does not approve Hungarian settlement of default interest in VAT case

EUROPEAN UNION/GERMANY

• VAT implications of free heat supply from biogas – C-207/23 decision

EUROPEAN UNION/UNITED STATES

• Enhancing eInvoicing Interoperability between the European Union and the United States

FINLAND

• Finland Seeks Feedback on Proposed VAT Increase from International Stakeholders by May 17, 2024

FRANCE

• Understanding the Distinction Between Disclosed and Undisclosed Agents for VAT Purposes in France

GERMANY

• Fiscal Court: limits for customs administration when exempting electricity generated from renewable energy sources from electricity tax
• B2B e-Invoicing in Germany: e-Invoicing system and implementation process
• Classification of Revenues from Online Service Offerings

GREECE

• Changes in the new VAT declaration form effective from 1st July 2024
• Greece VAT Compliance: An Overview for Businesses

IRAN

• Bandar Abbas Traders Protest 10% VAT Hike, Demand Repeal of New Tax Directives

ISRAEL

• Israel e-invoicing

ISRAEL/TURKEY

• Turkey halts trade with Israel over Gaza war

ITALY

• Refund of Excess VAT on Energy Products from Tax Warehouse: When to Apply
• 10% VAT on Syrup Form Supplements: Reminder from Revenue Agency
• Tax treatment of healthcare services from non-conventional facilities: VAT exemption or taxable?
• VAT Refund for Cessation of Activity: Not Always Guaranteed, Interpretative Doubts May Arise

ITALY/UNITED KINGDOM

• Official Recognition of VAT Refunds with the United Kingdom: Agreement with Italy Acknowledged

NIGERIA

• Experts caution against VAT hike in Nigeria to avoid economic strain on businesses and consumers

OMAN

• OTA Resolves Technical Error on Portal, Apologizes for Text Message Mishap

POLAND

• Acceptance protocol and the moment when the VAT obligation arises for the provision of the service
• Increasing VAT control leads to higher risk of sanctions
• What’s new in VAT? – summary of April 2024

PORTUGAL

• Annual VAT returns in Portugal: What Do You Need to Know?

SINGAPORE

• IRAS Provides Guidance on Audits and Investigations on Missing Trader Fraud Arrangements

TURKEY

• Turkey Clarifies 1% VAT Rate for Food Products Not Applicable for Food and Beverage Service Providers

UKRAINE

• Changes in VAT payment deferral for imported equipment and machinery: updated subcategory codes and authorities.
• New HMRC policy on the Tour Operators’ Margin Scheme for B2B wholesale supplies

UNITED ARAB EMIRATES

• Understanding VAT in UAE: Regulations, Exemptions, and Recent Changes Explained

UNITED KINGDOM

• New HMRC policy on the Tour Operators’ Margin Scheme for B2B wholesale supplies

UNITED STATES

• California Sales Tax Guidelines for Internet Sales: May 2024 Update
• Vermont Sales and Use Tax: Exempt and Taxable Tangible Personal Properties Revised (May 6, 2024)
• Understanding Sales Tax for Construction Contractors: Free Webinar by CDTFA

WEBINARS/EVENTS

• Taxera webinar – Greece Success Story Webinar
• Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)

WORLD

• VATupdate Newsletter Week 18 2024
• VATupdate.com Daily Newsletter: May 6, 2024

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