What happens on May 31 in the world?
2014 Psy‘s “Gangnam Style” becomes the first video to reach 2 billion views on YouTube
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Headlines May 31, 2024
- ViDA: Comparison changes in the EU VAT Directive of the Original vs. Revised proposal
- Dutch Report on VAT rules for the digital age (‘VIDA’) discussed at Ecofin Council – SAF-T to be reviewed in NL
- UK & EU: The Principle of Use and Enjoyment for VAT
- Italy – Reverse Charge for Domestic Purchases from Non-Resident Entities
- Latvia Introduces Electronic Invoicing Legislation for B2B and B2G Sectors by 2026
- UK – VAT Recovery on Share Sale Costs: CoA Ruling and Implications for Taxpayers
- VATupdate Newsletter Week 21 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 21/2024
- E-Invoicing heatmap for Europe
- ECJ
- VAT Rates
ALBANIA
BELARUS/ EUROPEAN UNION/ RUSSIA
BRAZIL
- Brazil Congress Approves 20% Tax on Cheap Online Orders Under $50
- Brazil’s Landmark Tax Reform
- Brazil’s Lower House Approves 20% Tax on Low-Cost Online Orders, Senate Vote Pending
- Brazilian Tax Reform: Complementary Bill Of Law No. 68/2024
BULGARIA
CROATIA
CYPRUS
DENMARK
- Marketing Services for Insurance Brokerage: A Detailed Tax Ruling
- Misuse of common registration not retroactively revoked due to abuse – Judgment by Supreme Court
- Transfer of Repaired Parts: VAT Treatment in Cross-Border Transactions under Danish Law
ECJ
- CJEU Judgment on Intra-VAT Group Services: AGO Opinion on Finanzamt T II Case
- CJEU Ruling: Hungary’s VAT Refund Rule Contrary to EU Law for Non-EU Taxable Persons
EUROPEAN UNION
- EU Customs Reform: Modernizing Trade Policy for a Stronger Partnership
- ViDA: Comparison changes in the EU VAT Directive of the Original vs. Revised proposal
EUROPEAN UNION/ NETHERLANDS
EUROPEAN UNION/ UNITED KINGDOM
- Navigating VAT in a Digital World: Challenges and Solutions for E-commerce Businesses
- UK & EU: The Principle of Use and Enjoyment for VAT
FRANCE
FRANCE/ ISRAEL
GERMANY
- Double taxation with real estate transfer tax and VAT; no single service by multiple contractors; third-party services not VAT-exempt.
- E-invoice Mandate for German VAT Businesses
- Practical Guidelines for Implementing E-Invoicing in B2B Transactions
ICELAND
INDIA
- Bringing natural gas under GST will lead to faster adoption: Oil secy
- SEZ Unit Exempt from GST under Reverse Charge: AAR Ruling in Mumbai
- SEZ Units Exempt from GST Under Reverse Charge: AAR Gujarat
- Telangana AAR Rules Credit Claim Depends on ITC Conditions, Not Auto-populated Invoices in GSTR-2B
ITALY
- Italy Introduces 36% Tax Credit for Recycled Plastic Purchases to Promote Sustainability in 2024
- New threshold for periodic VAT payments with LIPE by May 31, 2024.
- Reciprocal VAT Refunds Agreement between Italy and UK
- Reverse Charge for Domestic Purchases from Non-Resident Entities
JAMAICA
KENYA
LATVIA
- Latvia intends to make e-invoicing mandatory for public and private sectors
- Latvia Introduces Electronic Invoicing Legislation for B2B and B2G Sectors by 2026
- Latvia to Mandate B2B E-Invoicing from Jan 2026 to Combat VAT Fraud
MALAYSIA
NEPAL
- Government Removes VAT on Potato, Onion, and Perishable Food Items to Boost Domestic Production
- Nepal’s 2024-25 Budget Introduces Mandatory E-Invoicing for Businesses to Combat Fraud
NETHERLANDS
- Accountant’s License Revoked for Involvement in VAT Fraud – 5 Year Suspension Issued
- Appeal for VAT refund rightfully dismissed by Court of Appeal Den Bosch
- Minister of Finance confirms that VAT rate increase includes, in addition to admission to sporting events, sporting activities themselves
NEW ZEALAND
NORWAY
PAKISTAN
PHILIPPINES
- Philippines Senate Approves VAT for Foreign Digital Service Providers
- Philippines Senate Approves VAT on Overseas E-Services Suppliers, Excluding Education and Finance
POLAND
- 8% VAT Exemption Not Applicable to Holiday Cottages
- ViDA Project Update: VAT Invoice Standard as Grounds for Tax Deduction
PORTUGAL
ROMANIA
SAUDI ARABIA
- How VAT e-invoices work in Saudi Arabia
- Saudi Tax Agency Criteria for Twelfth Wave E-Invoicing Integration for High-Revenue Taxpayers
- ZATCA unveils the threshold for the e-invoicing mandate twelfth wave
SINGAPORE
- Former Group Executive Director jailed for unauthorised GST collection and failure to notify authorities
- Guide to Obtaining a Customs Import Permit in Singapore: Step-by-Step Instructions
SPAIN
- Amendment of VAT Refund Form 361 for Non-established Entrepreneurs
- Amendment to VAT Refund Forms
- Spain’s E-Invoice Regulations: Updates and Implementation Timeline for Businesses in 2025
- VAT Applicable for Renovation and Repair Works in Rented Residential Property – AEAT Consultation
SURINAME
- IMF Assessment of VAT Implementation in Suriname: Challenges and Recommendations
- IMF Criticizes Suriname’s Lack of Preparation for VAT Implementation
- IMF Criticizes Suriname’s VAT Implementation, Urges Urgent Action for Revenue Collection Challenges
TAIWAN
AEO Certification Kick-off Meeting Held by AISIN Corporation Limited at Keelung Customs
TAIWAN
- Avoid Penalties for Incorrectly Registered Input Tax Certificates in Online Business Tax Declaration
- Gold Bars Exempt from Business Tax: Honest Invoicing Urged by Tax Bureau
- Tax Evasion Penalty for Using Personal Account to Receive Corporate Revenue: Warning from Tax Bureau
TRINIDAD AND TOBAGO
UKRAINE
- Analysis of Blocked VAT Invoices in April 2024: Trends and Legal Resolutions
- Conditions for VAT exemption on first supply of affordable housing with state funding.
- Results of SMKOR work in April 2024: Decrease in VAT payers, increase in risky taxpayers.
- Tax implications of writing off intangible assets with VAT
- Tax obligations on VAT for sublease of state or municipal land: DPS guidelines.
- VAT for Long-Term Contracts: Special Considerations for Taxpayers as Service Providers
- VAT on State-Funded Housing Construction: How to Calculate? Taxation Specifics for Construction Companies.
UNITED KINGDOM
- Labour and Tories Commit to No VAT Increase in Next Parliament
- Qubic Advisory Services Ltd Successfully Appeals HMRC Penalties for Invoicing and Record-Keeping Breach
- UK Labour VAT increase?
- USTR to extend most 429 Section 301 tariff exclusions through 14 June 2024 — and some through 31 May 2025
- VAT Deductibility in Share Sale: HMRC v Hotel La Tour Ltd
- VAT Recovery on Share Sale Costs: CoA Ruling and Implications for Taxpayers
- V-COM (Worldwide) Ltd v HMRC – Appeal Strike Out Application Dismissed
UNITED STATES
- Arizona Implements Certification Program for Third-Party Service Providers in TPT Transaction Sourcing
- Colorado Enacts Law Requiring SUTS for Home Rule Jurisdictions Without Physical Presence Retailers
- Florida Launches 2-Week Tax-Free Hurricane Preparedness Sales Event for Residents
- Georgia Sales Tax Rates for 2023 & 2024: What Small Business Owners Need to Know
- Kansas Legislature Overrides Governor Veto, Enacts New Tax Exemptions and Deductions
- Navigating Illinois Sales Tax Changes: Updates for 2023 and 2024
- Navigating Illinois Sales Tax: A Guide for Restaurant Owners 2023-2024
- Navigating Sales Tax in Telehealth: What Providers Need to Know
- Navigating State Tax Laws for Software as a Service (SaaS)
- New York Court Upholds Taxable Information Service Ruling for Advertising Effectiveness Measurement Service
- South Carolina Passes Bill Exempting Feminine Hygiene Products from Sales Tax
- South Carolina Ruling: Tax Exemption for Sale and Rental of Digital Textbooks
- Tennessee to Implement New Sales Tax Sourcing Rules Starting July 1, 2024
- Texas Comptroller Denies Taxpayer COGS Deduction for Repairing Customer-Owned Helicopter Parts
- Texas Comptroller Issues Ruling on Taxability of Website Services: Design, Development, Marketing, and Advertising
VIETNAM
- 2% VAT reduction to boost consumer demand and drive production growth by 2024Proposal for Resolution on Reducing VAT Tax by the end of 2024 – Government Decision
- Regulations on Taxation of Vietnam’s Booming Digital Economy: A Comprehensive Overview
WORLD
- Maximizing Financial Savings: Strategies for Mitigating Customs Duties in Global Supply Chains
- VATupdate.com Daily Newsletter: May 30, 2024
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