What happens on May 23 in the world?
World Turtle Day:
- Celebrated globally, World Turtle Day is dedicated to raising awareness about the conservation of turtles and their habitats.
- It serves as a reminder to protect these ancient reptiles and their ecosystems
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Headlines May 23, 2024
- Real-Time Indirect Tax Compliance: Future Trends and Strategic Insights
- Understanding the Upcoming SAF-T UA Requirements for Taxpayers in Ukraine
- What’s Happening Next with VAT in the Digital Age (ViDA)
- Poland – Structured e-invoices – Q&A
- Spanish B2B e-invoice legislation update
- VATupdate Newsletter Week 20 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
- VAT Rates
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AUSTRIA
- Austria’s Proposal to Raise VAT Registration Threshold to €42,000
- Austrian Court Rules Against Tax Office in Internet Trade Case from Isle of Man
- Court Upholds Partial Tax Deduction for Property Renovation in Landmark Ruling
- Reduced VAT Rate for Repair Services in Austria: Guidelines and Exemptions
CANADA
CYPRUS
- Cyprus VAT Law as amended
- Cyprus: Online Submission Required for Reduced VAT Rate on Private Dwelling Construction
- Important Update on Cyprus VAT Rates
- Online Applications Required for Reduced VAT on Private Dwellings from 27 May, 2024
- Update on submission of declarations for the reduced VAT rate of 5% on residences
CZECH REPUBLIC
- Proposed Changes to VAT Law in Czech Republic for 2025: Key Amendments Summarized
- Supreme Administrative Court ruling on VAT deduction from future payments for goods and services.
DENMARK/ FINLAND/ ICELAND/ NORWAY/ SWEDEN
ECJ
EUROPEAN UNION
- CBAM Information Session by European Commission
- Eurofisc’s Success: Uncovering €14.6 Billion in VAT Fraud in the EU in 2023
- What’s Happening Next with VAT in the Digital Age (ViDA)
FINLAND
- Finland Parliament Considers Bill Amending VAT and Taxation Procedure Acts for 2025 Budget.
- Finland Proposes VAT Law Changes to Align with EU Directive on Small Business Exemption
FRANCE
GERMANY
- Annual Tax Act 2024: Changes to VAT exemption for educational services
- Complexity of Uniform Complex Services: Case Study of a Dinner Show and Tax Implications
- Customs Duty Exemption for Relocation Goods: FG Munich Judgment
- German Federal Fiscal Court Decision on Chain Transactions and “Broken” Transport
- German Ministry of Finance Releases Draft Proposal for Annual Tax Act 2024: Key Updates and Amendments
- Introduction letter on VAT exemption for Alternative Investment Fund management by BMF Berlin
- Late-filed VAT prepayment and timing allocation under § 11 Abs. 2 EStG – FG Cologne ruling.
- Tax classification of online event services and other online service offerings – BMF
- Tax Treatment of Electronic Access to E-Paper in Print Subscription: FG Saarland Decision
GREECE
- Greece Stands Firm on Excluding Food Services from VAT Reduction
- Greece Stands Firm on VAT for Food Services to Combat Tax Evasion
- Hatzidakis: “No” to VAT reduction – Battle against tax evasion will determine policy changes
- Minister refuses VAT reduction, food industry pushes back for competitive advantage in global market.
- Update of Selected Operational Procedures Manual for Special Consumption Taxes and VAT
GUATEMALA
INDIA
- GST council unlikely to reverse 28% tax on online gaming
- Ice Cream Industry Awaits Potential GST Rate Cut Post-Election
INDONESIA
ITALY
- Excluding VAT fraud does not require complex checks: recent legal principles clarified.
- Group VAT liquidation – prohibition of attributing previous VAT credit in pending disputes resolution.
- Group VAT: prohibition of attribution of previous VAT credit clarified by Revenue Agency on May 21, 2024.
- Restructured pre-2008 tax credits not transferable to group VAT: Revenue Agency clarifies position
- Strict rules for VAT credit refund after submitting VAT return 2024
- VAT Refund for Expenses on Others’ Property: Landmark Decision by Supreme Court on May 22, 2024
KAZAKHSTAN
KENYA
- Kenya Aviation Sector Warns Against Proposed VAT Exemptions Removal in 2024 Finance Bill
- Kenya publishes updated Electronic Tax Invoice Regulations 2024
MALAYSIA
MALTA
NETHERLANDS
- Amsterdam Court of Appeal Decision on Customs Duties and Interest on Arrears
- Amsterdam Court of Appeal Decision on Tax Rate for Unlicensed Medicines – Neutrality Principle upheld
- Call for Headlines to Revoke VAT Increase to Support Local Media
- Knowledge group position: fall training by physiotherapist not exempt from VAT
- No zero-rate on exportation of horse
- Transfer of a Business as a Going Concern: Case Analysis and Legal Implications
NEW ZEALAND
NORWAY
PHILIPPINES
POLAND
- Implementation of KSeF in stages almost certain, with changes to VAT law postponed to 2026.
- Local Burials Exempt from VAT: Legal Ruling on Municipal Funeral Services by Gazeta Prawna
- Reduced VAT Rate for Tanning Services Explained by Tax Authority
- Structured e-invoices – Q&A
- What’s next for KSeF? Companies await new regulations with uncertainty and caution.
ROMANIA
RUSSIA
SLOVENIA
SOUTH AFRICA
- Big e-commerce VAT change in South Africa on the cards
- South Africa VAT on digital services non-residents – reverse charge
SPAIN
SWITZERLAND
UKRAINE
- Change of VAT payer location: where to submit Data Table to tax authority?
- Documents Required for Consideration of Excluding VAT Payer from Risk List Review.
- Documents Required for VAT Registration Application Form No. 1-PDV Submission in Odessa Region.
- Recognition nuances of VAT on unlocked invoices: reminders from the tax authorities
- Understanding the Upcoming SAF-T UA Requirements for Taxpayers in Ukraine
UNITED ARAB EMIRATES
UNITED KINGDOM
- HMRC Introduces Customs Declaration Service for Export Declarations: Transition Period Until 2024
- Important Update: Changes to HMRC’s EORI Number Guide for VAT Deregistered Businesses
- Kent Couriers Ltd v HMRC: Excise Duty Dispute Appeal Decision
- Tax Implications of Football Agents’ Fees: Employer Duties and VAT Considerations
- UT Decision: Errors on Bill of Discharge Not Always Result in Customs Debt
UNITED STATES
- Alabama Sales Tax Exemption Requirement for Health Care Providers: Obtain Certificate Before Purchase
- Controversy over Tax Exemption for Golf Course Membership Dues in Senate Vote
- Illinois Leads in Marijuana Tax Revenue, Raking in $70M in Final Quarter of 2023
- Navigating Sales Tax Nexus: A Comprehensive Guide for Businesses in the US
- Sales Tax Holidays 2024: What’s in Store for Consumers and Retailers?
- Sales Tax Inflation Crisis: Impact on Families, Cities, and Economic Disparities
- South Carolina Exempts Feminine Hygiene Products
- South Carolina Sales Tax Exemption for Feminine Hygiene Products Effective Immediately
- Tennessee Bill Allows Cities to Reduce or Exempt Food Sales Tax
- Tennessee DOR Notice: Local Sales Tax Rate Changes on Food and Ingredients, Effective October 1
- Tennessee Sales Tax Exemption for Food: House Bill 2641 Impact on Municipalities
- Texas Sales Tax Holiday: Save on Water-Efficient and Energy Star Products, May 25-27, 2024
- Understanding the Pink Tax: Impacts on Sales Tax and Pricing Strategies
UZBEKISTAN
VIETNAM
- Over VND 460 Billion Refunded in VAT for 5,400 Foreigners Exiting HCM City
- Proposal to continue reducing VAT by 2% until 31/12/2024 for economic recovery and development.
- Vietnam’s Ministry of Finance Proposes VAT Rate Reduction and Extended Tax Deadlines in 2024
WEBINARS / EVENTS
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting October 1, 2024
WORLD
- Real-Time Indirect Tax Compliance: Future Trends and Strategic Insights
- Standardizing International Taxation: The OECD’s Approach to Digital Services Taxes
- Why Agile Strategies Are Crucial for Business Process Digitization: Don’t Wait for Legislation
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