VATupdate.com Daily Newsletter: June 4 2024

What happened on June 4 in the world?

1927 1st Ryder Cup Golf, Worcester CC: US beats Great Britain

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Headlines June 4, 2024

• VATupdate Newsletter Week 22 2024
• E-Invoicing & E-Reporting developments in the news in week 22/2024
• Agenda of the ECJ VAT cases – 2 Judgments, 2 AG Opinions announced till June 30, 2024
• What is Import One-Stop Shop (IOSS) Scheme?
• Greece – Impact of myDATA on VAT declarations discussed

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• VATupdate Newsletter Week 22 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 May 2024
  • E-Invoicing & E-Reporting developments in the news in week 22/2024
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 2 AG Opinions announced till June 30, 2024
  • 1013 ECJ VAT Cases are now available on www.VATupdate.com
  • This is what happened in the ECJ (VAT) in May 2024 – ECJ took a siesta
• VAT Rates
  • May 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

 

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BELGIUM

• The Evolution and Updates of Belgium’s Co-operative Tax Compliance Programme (CTCP)

CHINA/ UNITED STATES

• USTR seeks input on proposed tariffs on key Chinese imports

DENMARK

• E-Invoicing in Denmark

ECJ

• Agenda of the ECJ VAT cases – 2 Judgments, 2 AG Opinions announced till June 30, 2024
• ECJ questions about Determination of Transaction Value in Customs Cases: Case C-73/24
• Non-decadence nature of deadline for non-resident VAT refund: implications of C-746/22 ruling.

EUROPEAN UNION

• ECOFIN Council Cannot Find Consensus in VAT in Digital Age (ViDA)
• ICS2 Phase 2: Mandatory for Maritime and Inland Waterway Transport from June 2024
• Revamping EU Customs: Enhancing Security, Efficiency, and E-Commerce in the European Union
• What is Import One-Stop Shop (IOSS) Scheme?

GERMANY

• Monthly Updated Overview of VAT Conversion Rates 2024 According to BMF Letter of June 3, 2024
• New VAT rules for online events introduced by the German Ministry of Finance

GREECE

• Impact of myDATA on VAT declarations discussed

HUNGARY

• Hungary Real-Time Invoice Reporting (RTIR – Online Számla)

INDIA

• GST Reduction, Rationalization of Taxes Key to Spurt Affordable Housing Demand: CBRE
• Maruti Urges Govt to Extend GST Benefits to Hybrid Vehicles
• Relaxation in the provision of submission of ‘Bill of Export’ as evidence of export obligation
• Weekly GST Communique dated June 3, 2024

ITALY

• EPPO Exposes €18 Million VAT Fraud in Italian Beverage Trade

KOSOVO

• Tourism Industry Calls for VAT Reduction to Address Business Challenges

LUXEMBOURG

• Luxembourg VAT Deduction Rules Upheld by Judges in Recent Decision

MIDDLE EAST

• The Digital Outlook: Middle East – Trends in financial innovation and regulation

MONTENEGRO

• Common Issues in Fiscal Receipt Processing Under Montenegro’s Fiscalization Procedure: Notification by Tax Authorities.

NETHERLANDS

• Court Decision: Composite services to Porsche Deutschland and Porsche Dortmund?
• Court Decision: Inclusion of Authorized Representative in VAT group
• No Penalty for VAT Entrepreneur in Financial Distress
• Porsche Events for Germans at Zandvoort with NL VAT
• Tax-exempt sale of parcels with shares in common road – not a building site
• VAT Corrections for Gold Trader: Court Rules

POLAND

• Limit of VAT exemption after resuming business activity
• Police Vehicle Towing and Storage Exempt from VAT: Recent Court Decisions
• VAT Settlement for Goods Transported in Phases

SAUDI ARABIA

• Saudi Arabia tax bulletin clarifies requirements and procedures for excise tax refund

SWEDEN

• Special Reasons for Waiving Requirement to Issue Amendment Invoice for Incorrectly Charged VAT
• Special reasons to waive the requirement for issuing an amended invoice for correcting incorrectly charged VAT

UKRAINE

• Need to indicate codes of goods purchased from non-VAT payers in taxpayer data table?
• Successes of the State Tax Service in combating VAT fraud revealed by Hetmantsev

UNITED KINGDOM

• HMRC v Hotel La Tour Ltd – What does the Court of Appeal’s decision mean for input tax recovery on deal fees?
• HMRC’s Stringent VAT Registration Process Stifles Business Growth: Lubbock Fine’s Concerns
• What is a VAT Loan? A Guide for UK Businesses

UNITED STATES

• The Role of ERP Integration Services in Achieving E-Invoicing Compliance in the U.S.

VIETNAM

• Extension of VAT Reduction until 31 December 2014: Draft Resolution and Proposed Changes
• Understanding VAT Refund Policy for Exported Goods and Services

WORLD

• E-Invoicing & E-Reporting developments in the news in week 22/2024
• Guidance for National Tax Crime Strategies: OECD Report on Design and Implementation
• VATupdate Newsletter Week 22 2024
• VATupdate.com Daily Newsletter: June 3, 2024

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