VATupdate.com Daily Newsletter: May 16 2024

What happens on May 16 in the world?

• 1975: First Woman Climbs Mount Everest:
  • On this day, the world witnessed the first woman climber to reach the summit of Mount Everest, the highest peak in the world. This historic achievement occurred in 1975

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Headlines May 16, 2024

• E-Invoicing heatmap for Europe
• E-Invoicing in Poland – A comprehensive overview
• New approval timeline for the latest ViDA proposal publication
• 2026 is the Year for B2B E-Invoicing in Croatia
• IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting October 1, 2024

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• VATupdate Newsletter Week 19 2024
• E-Invoicing
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • 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 19/2024 – It’s all about ViDA
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 3 Judgments, 5 AG Opinions announced till June 13, 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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AUSTRALIA

• ATO Crackdown on False Invoicing: Penalties and Prosecutions
• Australia Tax Agency Seeks Feedback on Waiver of GST Tax Invoice Rule for Motor Vehicles

BRAZIL

• Brazil’s Indirect Tax Reform Impact on Nonresidents: Key VAT Principles for Digital Economy

COLOMBIA

• Colombian Tax Authority Confirms Tax on Single-Use Plastics for Exported Products

CROATIA

• 2026 is the Year for B2B E-Invoicing in Croatia

DENMARK

• National Tax Court Rules on VAT Deduction for Advisory Service Expenses in Share Sale

ECJ

• Comments on ECJ C-741/22 & C-73/23: AG Opinion – online gambling – private operators subject to VAT from 2016 to 2018 before treatment annulled –…
• CJEU Judgment: VAT Treatment of Vouchers – Clarification on SPV and MPV Classification

ESTONIA

• 2025 E-invoicing Act Enters Estonian Parliament

ESTONIA/ EUROPEAN UNION

• Estonia Blocks EU Plan to Tax Airbnb and Uber-style Platforms, Citing Concerns Over Consumer Prices
• Estonia Blocks EU VAT Plan for Digital Platforms, Citing Unfair Tax Burden on Small Businesses

EUROPE

• E-Invoicing heatmap for Europe

EUROPEAN UNION

• ECOFIN meeting on 14 May 2024 did not reach the expected agreement on ViDA
• Estonia Blocks EU Plan to Tax Airbnb and Uber-style Platforms: VAT Controversy Unfolds
• EU has not yet reached agreement on VAT in the digital age (ViDA) proposal
• EU Member States fail to reach agreement on the VAT in the Digital Age (ViDA) Proposal
• Global Value Added Tax – European VAT Refund Opportunity Deadline Approaching
• New approval timeline for the latest ViDA proposal publication
• Stalemate over VIDA VAT proposal persists as Ecofin Council fails to reach agreement
• ViDA Package Faces Delay as Estonia Opposes Deemed Supplier Rules: Belgian Presidency Targets June Agreement

EUROPEAN UNION/ MOLDOVA/ UKRAINE

• EU Extends Suspension of Duties on Imports from Ukraine and Moldova an Additional Year

GERMANY

• Understanding EPR Germany – A Guide For Businesses

GHANA

• Importance of Implementing Uniform e-VAT System for Efficient Tax Collection in Ghana

INDIA

• Disposable Paper Cups Subject to 18% GST, Not 5% as Requested by Manufacturer
• Disposable Paper Cups to Attract 18% GST: AAR Ruling in West Bengal
• GST Appellate Tribunal Set to be Operational by End of 2024, Early 2025
• Importance of Hallmarked Gold and GST Receipt in Ensuring Purity and Consumer Protection
• Sushil Kumar Modi’s Crucial Role in Implementing India’s Biggest Tax Reform: GST Success Story
• Weekly GST Communique dated May 13, 2024
• Will the GST council address the tax on hybrid cars issues in the upcoming meeting; Know here

IRELAND

• IFA Successfully Advocates for VAT Refund Eligibility on Farm Infrastructure Items

ITALY

• Refund of VAT on Third-Party Assets: Final Resolution by Cassation United Sections

KENYA

• Kenya revokes the Kshs.5 million threshold for eTIMS

MALAYSIA

• Public Ruling: Sales Tax Exemptions for Manufacturing Aids and Equipment
• Revised and New Sales Tax and Service Tax Guides for 2024 Clarification and Exemption
• Service Tax Exemption for MRO Activities: Policy 6/2024 and Implementation Guidelines

MALTA

• Deadline for MOSS Returns (pre-1st July 2021) Submission and Payments: 20th July 2024

NETHERLANDS

• Knowledge Group Position on VAT Rate for Arterial Pressure Pressure Measurement Sets

NEW ZEALAND

• Consultation on Exemptions from Electronic Filing Requirements Opened by Inland Revenue

NIGERIA

• Nigeria Introduces 0.5% Cybersecurity Levy on Electronic Transactions Starting May 2024

PHILIPPINES

• Changes in Invoicing Requirements under the EoPT Act

POLAND

• E-Invoicing in Poland
• Testing of received goods may be related to business activity
• Update of National e-Invoice System API on test environment
• What You Need to Know: Poland Introduces Mandatory JPK_KR Files for Corporate Tax in 2025

ROMANIA

• RO e-Transport Mandatory for All Goods in 2024!

SAUDI ARABIA

• Saudi Arabia Amends RETT Regulations to Expand Exemptions and Clarify Guidelines for Real Estate Transactions

SLOVAKIA

• Slovak Parliament Approves New VAT Scheme for Small Businesses in EU Member States

SWEDEN

• Streamlining Tax Control to Combat Fraud: The Link Between Simplification and Enforcement

SWITZERLAND

• Consultation on extending international automatic exchange of information in tax matters to cryptoassets

UNITED ARAB EMIRATES

• UAE VAT and Excise Tax Revenues Surpass $47.3bn: New Data Reveals Financial Success

UNITED KINGDOM

• Confusion Remains: VAT Exemption Rules for Financial Services in the UK
• Consultation on VAT Relief for Charitable Donations of Everyday Items by Businesses
• Customs Warehouse Management: Updated HMRC Guidance
• HMRC Updates TOMS Guidance for Tour Operators: Impact on B2B Wholesale Supplies
• How to Safeguard Against Fraudsters Targeting VAT Repayment Traders
• Protecting Your Business: Safeguarding Against VAT Repayment Fraudsters
• Transition to Customs Declaration Service for UK Exporters: Deadline Approaching
• Upper Tribunal Confirms VAT Treatment of Insurance Intermediary’s Black Box Device Installation Services

UNITED STATES

• Maine Sales Tax Update: New Rules for Rental Equipment Effective January 1, 2025
• Mississippi Extends Back to School Sales Tax Holiday to Three Days in July
• Navigating Sales Tax Responsibility on Online Marketplaces: Amazon, eBay, and Etsy Insights
• Navigating the Evolving Sales Tax Landscape: Trends, Challenges, and Opportunities
• Oklahoma County Sales Tax Authorization Legislation
• Oklahoma Sales Tax Exemption Update: New Definitions for Food and Beverages
• Tax Compliance Challenges: Biofuel, Marijuana, Firearms, and Proposed Changes in Multiple States

UZBEKISTAN

• Uzbekistan Exempts Precious Stone Imports for Jewelry Making from VAT Until 2027

WEBINARS / EVENTS

• IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting October 1, 2024

WORLD

• The Power of E-Invoice: Revolutionizing Tax Compliance and Economic Transparency
• VATupdate.com Daily Newsletter: May 15, 2024

ZIMBABWE

• Zimbabwe’s Shipping Industry Applauds Government’s VAT Relief on Essential Imports

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