VATupdate.com Daily Newsletter: May 20, 2024

What happens on May 20 in the world?

• Cuba – Independence Day (Día de la Independencia):
  • Cuba celebrates its independence from Spain on May 20. This day commemorates the establishment of the Republic of Cuba in 1902 after the Spanish-American War.

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Headlines May 20, 2024

• E-Invoicing & E-Reporting developments in the news in week 20/2024
• EU – Responses to general questions from the eInvoicing webinar – 17 April 2024
• Netherlands – VAT on books, concerts, theater tickets will rise from 9 to 21 percent
• Spain received comments from the Commission on the draft B2B e-invoicing Decree
• Norway – Spain received comments from the Commission on the draft B2B e-invoicing Decree

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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 20/2024
  • 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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AUSTRIA

• What should be mentioned on an invoice in Austria?

BELIZE

• IMF Urges Belize to Expand Tax Base and Strengthen Revenue Administration for Economic Growth.

CAMBODIA

• New VAT Sub-Decree: Key Updates and Implications for Taxpayers in Cambodia

CANADA

• Canada Revenue Agency Updates GST/HST Rebate Information for New Residential Rental Properties

CZECH REPUBLIC

• Czech Republic Proposes VAT Act 2025 Amendment Draft

EUROPEAN UNION

• Responses to general questions from the eInvoicing webinar – 17 April 2024
• Studies used for the eInvoicing Directive report

GERMANY

• Allocation of Services to the Company: Timing and Documentation of Allocation Decision – Consequences of Recent Court Decisions
• Entrepreneur’s Good Faith in Unauthorized VAT Disclosure by Employee: Legal Implications in Germany and EU

GHANA

• Join GRA for E-VAT Implementation Meeting

INDIA

• Madhya Pradesh GST Rules Amended: Electricity Bill Required for Business Registration.

ITALY

• Customs Obligation Extinction for Excise, Not VAT, in Case of Confiscation: New Clarifications

JAPAN

• Japan Government Denies PM Abe to Delay Sales Tax Hike, Decision Expected After June

KENYA

• EY Raises Concerns Over Proposed VAT Amendments Impact on Kenyan Insurance Sector
• Kenya Bankers Association Urges Government to Reconsider 16% VAT on Financial Transactions
• Kenya’s Proposed VAT on Financial Transactions to Increase Total Taxation on Services

LITHUANIA

• Understanding 0% VAT on International Trade: Tax Authority Guidelines and Procedures
• Understanding the 9% VAT on Accommodation Services in Tourism: Tax Authority’s Explanation

MALTA

• 2024 Budget Measures Act Amends Fiscal Laws Including VAT Act
• Malta’s 2024 Budget: New Tax Measures

NETHERLANDS

• AG Supreme Court: Transfer of Rental Business – Application of TOGC
• AG Supreme Court: Transfer of Short-term Leased Care Complex – TOGC
• AG Supreme Court: Transformation of Office Building into Residential Complex
• Court of Amsterdam rules against reduced VAT rate for self-care products without marketing authorization
• Court of North Holland: Customs debts exceeding three years prior to UTB date
• Dutch Music Industry is calling for the government to reconsider 12% VAT Hike on Live Events Tickets
• Hof Amsterdam rules on VAT rate for self-care products by X NV
• New Coalition Government Announces VAT Rate Changes for 2026
• Supreme Court ruling on VAT deduction for school building transfer to housing corporation
• Supreme Court: Failure to detect abuse in school structure by court
• VAT implications of transferring care home complex as a going concern
• VAT on books, concerts, theater tickets will rise from 9 to 21 percent

NORWAY

• Consultation on Time Limit for VAT Deductions on Unpaid Trade Receivables by Norwegian Ministry of Finance
• Norwegian Parliament Approves Revised Budget with VAT Return and Taxi Tax Elimination Measures

PAKISTAN

• IMF is pushing Pakistan for a uniform VAT system

SAUDI ARABIA

• VAT E-invoicing in Saudi Arabia

SOUTH AFRICA

• Proposed Changes to South African E-commerce VAT: Implications and Considerations

SPAIN

• Clarification on Reduced VAT for Vehicles for Disabled Persons: Ownership Not Essential, but Preferable
• Legislative framework to introduce mandatory e-Invoicing in Spain
• Operation “Fuel” targets VAT fraud in hydrocarbon sector at 400 gas stations in 14 regions.
• Spain received comments from the Commission on the draft B2B e-invoicing Decree
• Spanish B2B e-invoice legislation update

SWITZERLAND

• Real Estate and Value Added Tax: Tax Planning Options for Property Transfers

TAIWAN

• Taipei Customs Urges Correct Declaration of Goods Tax Categories for Importers
• Tax Relief Measures for Taxpayers Affected by 3 April 2024 Earthquake in Taiwan

UKRAINE

• Court Upheld Tax Officials’ Decision on VAT Liability Increase
• Court Upholds Tax Authority’s Decision on VAT Obligation Increase Legitimacy
• Penalty Rules for Late VAT Registration and Non-Submission of VAT Declaration in Ukraine
• Procedure for Forming VAT Tax Credit Based on Registered Invoices by Tax Authorities Commission
• Taxation of Sublease Land Rental Payments: VAT Implications and Obligations for Taxpayers
• When canceling VAT registration, no VAT should be charged on conditional sales.

UNITED KINGDOM

• Guidelines for Compliance 6: Football Agents’ Fees and Dual Representation Contracts
• ICAEW Calls for Research Proposals on UK VAT Reform with £5,000 Prize for Winner
• Report on HMRC Customer Service: NAO Findings and Recommendations for Improvement

UNITED STATES

• Counties in Oklahoma Granted Authority to Implement Local Sales Tax with Voter Consent
• Michigan Department of Treasury: Credit Card Surcharges Subject to Sales Tax Notification.
• New York Tax Tribunal Rules SaaS Vendor Management System Fees Taxable for Software Licensing

WORLD

• E-Invoicing & E-Reporting developments in the news in week 20/2024

WORLD

• VATupdate.com Daily Newsletter: May 18, 2024

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