VATupdate.com Daily Newsletter: May 18, 2024

What happens on May 18 in the world?

• World Tuna Day: Raise awareness about sustainable fishing practices and the importance of preserving tuna populations.

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Headlines May 18, 2024

• Belgium: VAT Commentary: Positive Developments in Belgium’s VAT Exemption Application for Transportation Services
• Plastic Taxation in Europe: Update 2024
• Comments on ECJ C-60/23: EV charging card issuers (eMSPs) act as a commissionaire
• Romania – ANAF and AVR have prepared a new procedure for e-Transport
• ECJ judgment ends dispute over VAT on in-kind contribution in exchange for shares (C-241/23)

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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
  • E-Invoicing heatmap for Europe
• 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

• Australian Tax Agency Granted Extended Time to Challenge GST Fraud in 2024 Budget Update

BANGLADESH

• Local Manufacturers Facing VAT Hike: AC, Refrigerator, Mobile Set, LPG Cylinder Prices to Increase
• NBR Plans VAT Hike on Electronics: Impact on Consumers and Industry

BELGIUM

• VAT Commentary: Positive Developments in Belgium’s VAT Exemption Application for Transportation Services

CANADA

• Canada Revenue Quebec Enhances GST Rebate for Rental Housing Construction with New Guidelines
• Canadian Supreme Court Denies Bank’s Appeal for $16.2 Million Sales Tax Refund

CHINA/ UNITED STATES

• Biden Administration announces tariff hikes on Chinese imports

CZECH REPUBLIC

• Czech Republic Maintains VAT Deduction Interest Rate in Compliance with EU Law
• Proposed Changes to VAT Act 2025: Impact on Employers and Financial Activities

EUROPE

• Plastic Taxation in Europe: Update 2024

ECJ

• Comments on ECJ C-60/23: EV charging card issuers (eMSPs) act as a commissionaire
• ECJ judgment ends dispute over VAT on in-kind contribution in exchange for shares (C-241/23)
• Conditions for VAT refund to non-established taxable person in EU Member State
• Refund of VAT for non-established entities: when is filing admissible? EU Court ruling clarified.

EUROPEAN UNION

• New Pan-Euro-Med Matrix Published by EU Commission in Official Journal

EUROPEAN UNION/ POLAND

• VAT exemption for local government activities in renewable energy and asbestos removal.

FINLAND

• Changes to VAT for small businesses
• Proposal for Changes in VAT for Small Businesses by the Ministry of Finance, Effective 1.1.2025

GERMANY

• BMF Adapts to New Case Law on Input Tax Deduction: Implications for Businesses
• Extension of Transition Period for Introduction of E-Invoicing: Mandatory Implementation Delayed until 2026
• Latest Updates on Excise Tax Forms Available from German Customs Administration
• Tax Assessment of Fruit Wine-Based Cocktails for Alcohol Tax Purposes

INDIA

• IGST Exemption: AAR Ruling Sets Precedent for Foreign Client Services Under GST
• Real Estate Developers Challenge 18% GST on Joint Development Agreements in Supreme Court

ITALY

• Judgment on VAT refund for third-party property interventions by Supreme Court Sections Unite
• VAT Clarification for Hospital Bed Covering Devices with Filter

KENYA

• Kenya High Court rules tax laws don’t explicitly impose additional customs duties on oil ‘product gains’

NETHERLANDS

• Deliveries of various parcels of land partly taxed and partly VAT exempt
• Netherlands: Modernization IT systems tax authorities doomed to fail
• No reclassification of legal acts without abuse of rights
• RB answers additional questions on UBD in VAT-reversed situations.
• Rising VAT causes unrest in cultural sector and hospitality industry
• VAT Ruling: Application of Zero Rate for Horse Export to United States

NIGERIA

• FG Aims for N1.6trn Revenue from Customs Duty and VAT on Imports by 2025

PAKISTAN

• IMF Urges Pakistan to Increase GST to 18% for Financial Stability and Reforms
• IMF Urges Pakistan to Raise GST to 18% and Reform Insurance Sector for Economic Stability

POLAND

• What data about online sellers will the tax office know?

ROMANIA

• ANAF and AVR have prepared a new procedure for e-Transport

RUSSIA

• Zero VAT for hotels: more services included in accommodation price from May 16, 2024

SAUDI ARABIA

• ZATCA increasing number of tax audits

SINGAPORE

• Phased extension to implementation of e-invoicing announced

SLOVAKIA

• Slovak Republic Enacts VAT Scheme for Small Businesses

SOUTH AFRICA

• Big e-commerce VAT change in South Africa on the cards

UKRAINE

• Tax Obligations for Services Paid from Budget Funds: VAT Calculation Date and Requirements

UNITED ARAB EMIRATES

• FTA Decision No. 1 of 2024: Professional Standards and Black Points System for Tax Agents
• VAT Treatment for Directors on Board of Directors in UAE: Key Changes and Transitional Provisions

UNITED KINGDOM

• UK: Consultation Opens for Proposed Penalties on Late Tax Payments

UNITED STATES

• Expansion of Florida Tax Credit Scholarship Program for Military Dependent Children
• Oklahoma Bans Extra Taxes on Digital Asset Payments

WEBINARS / EVENTS

• ecosio Webinar: Peppol for Dummies – Understanding the Basics (May 29)

WORLD

• The Era of Real-Time Compliance
• Unlocking Business Insights: The Power of E-Invoicing for Data-Driven Decisions
• com Daily Newsletter: May 17, 2024

ZAMBIA

• Key Insights on Mandatory Electronic Invoicing in Zambia: Smart Invoice

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