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Headlines June 21, 2024
- France – E-invoicing – Release of version 2.4 of the external specifications
- E-invoicing: 5 Corner Model Explained
- Bulgaria Extends Temporary Reduced Rates
- EU ViDA agreement still blocked for 21st Jun ECOFIN meeting
- Finland Raises VAT Exemption Threshold for Small Businesses to €20,000 Starting in 2025
- Moldova – Ministry of Finance Proposes Extension of Mandatory Electronic Invoicing
- Romania extends e-invoicing requirements to the B2C sector
- VATupdate Newsletter Week 24 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 23/2024
- E-Invoicing heatmap for Europe
- ECJ
- VAT Rates
AZERBAIJAN
BELGIUM
BULGARIA
CYPRUS
DENMARK
- New Annual Reporting Requirement for VAT Partial Deduction Rate in Denmark Starting June 2024
- VAT on Waste Management Services by Municipally Owned Companies
EGYPT
- Finance Minister: Policies to Boost Private Sector, Local Production, and Export with Tax Incentives
EUROPEAN UNION
- Comments on ECJ C-262/24: Hungarian Tax Authority Justified in Denying VAT Deduction Due to Artificial Subcontracting
- Comments on ECJ C-270/24: ECJ to Rule on VAT Deduction Denial Due to Invoice Errors Despite Proven Economic Activity
- Comments on ECJ C-276/24: Joint Liability for VAT in Fraud Cases: Preliminary Question to the ECJ
- Comments on ECJ C-278/24: Joint Liability of Corporate Directors for VAT: Preliminary Questions to the ECJ
- Comments on ECJ C-533/22: Manufacturing and other services – Fixed establishment and place of supply
- Comments on ECJ C-696/22: whether VAT due when services are invoiced or when performed – input tax on co-branding arrangement
- EU 2025 VAT SME Scheme; single pan-EU threshold option
- EU Court Clarifies VAT Fixed Establishment Rules:
- EU ViDA agreement still blocked for 21st Jun ECOFIN meeting
- Secure and Efficient Temporary Storage Facilities for Customs in the EU
EUROPEAN UNION/ GERMANY
FINLAND
- Finland Raises VAT Exemption Threshold for Small Businesses to €20,000 Starting in 2025
- Finnish Ministers Discuss EU VAT Modernization and Economic Impact of Russia’s Invasion
FRANCE
- E-invoicing – Release of version 2.4 of the external specifications
- France e-invoicing & e-reporting Sept 2026: external specifications released
- Guidance on VAT Rates for Isokinetic Sports Equipment and Relevant Tax Documents
- Understanding VAT Rules for NFT Transactions: Key Guidelines and Compliance Strategies
GEORGIA
GERMANY
- Comprehensive Guide to § 2 UStG: Essential for Tax Exams with Case Studies and Practice Tests
- Draft BMF Guidelines for E-Invoicing Effective from 2025 Published for Commentary
- Entrepreneur and VAT Grouping: Key Concepts and Case Studies for Exam Preparation
- EPPO Secures Five Convictions in €52 Million VAT Fraud Case Involving Luxury Cars and Face Masks
- German Court Rules Medical Services Under Cooperation Agreement Are Tax-Exempt Healthcare Services
- Germany Announces New E-Invoicing Rules Effective January 2025
- Germany Issues Draft Guidelines for Mandatory B2B E-Invoicing, Seeks Feedback by 11 July 2024
- Germany’s Ministry of Finance Publishes Draft Regulation on Mandatory E-Invoicing for B2B Transactions
- Understanding OSS Scheme Exclusion in Germany: Causes, Consequences, and Rejoining Steps
GERMANY/ WEBINARS / EVENTS
GREECE
- Greece fixes temporary 13% reduced VAT rate 1st July 2024
- Greek Finance Minister Kostis Hatzidakis Attends Eurogroup and ECOFIN Meetings in Luxembourg
- Greek Government Implements Permanent Reduced VAT on Taxis and Coffee, Imposes Levy on Oil Profits
INDIA
- 84% of C-Suite Executives View GST Positively in 2024: Deloitte Survey
- Deloitte Survey on confidence in Goods & Services Tax: 84% of respondents positive
- GST Council May Mandate GST Appellate Tribunal to Handle Anti-Profiteering Cases Until April 2025
- Interest is payable on Erroneous Refund – Madras High Court
ITALY
LITHUANIA
MOLDOVA
- Ministry of Finance Proposes Extension of Mandatory Electronic Invoicing
- Moldova 2025 mandatory e-factura; consultation
- Moldova Clarifies VAT Implications for Movable Property Transferred to Non-Residents for Repair, Renovation, or Modernization
- Moldova Clarifies VAT Rules for Movable Property Repairs by Non-Residents
NEPAL
NETHERLANDS
- Amsterdam Court Denies VAT Deduction for Roof Construction Costs Linked to Solar Panel Rental
- Financial Intertwinement Criteria for VAT group in VAT: Zeeland-West-Brabant Court Ruling
- Gold Coins from MMORPGs Not Exempt from VAT, Court Rules Against Alternative Currency Status
- National Library’s Input Tax Deduction Rights in Economic Activities: Court Case Analysis
- No VAT group due to lack of financial interconnectedness
- Old Tax Portal for Entrepreneurs Closes Permanently on July 1, 2024
- Progress Report: Modernization of Tax Authority’s ICT Systems Shows Significant Improvement
- Roof Rental for Solar Panels Exempt from VAT, No Input Tax Refund Allowed: Court Ruling
- Stichting X Not Financially Intertwined with Stichtingen A, B, and C, Court Rules
- VAT Deduction and Revenue Allocation for national library organization
PAKISTAN
PHILIPPINES
POLAND
- Municipality Cannot Deduct VAT for Non-Commercial Playground Investment Funded by Rural Development Program
- Polish Regional Government Exempt from VAT on In-Kind Contributions to Hospital Company
- Taxpayer Exempt from VAT Registration for Software Testing Services Provided to US Client
- VAT Obligations for Exempt Farmers Using EU Booking Portals for Agrotourism Services
ROMANIA
- Romania extends e-invoicing requirements to the B2C sector
- Romania Introduces VAT Regime for Non-Reusable Primary Packaging Deposit Return System
- Romania’s E-Invoicing and E-Reporting Mandates: Key Dates and Compliance Guide
SINGAPORE
SOUTH KOREA
SWEDEN
- 2024-06-11 Case: Supreme Administrative Court on Input Tax Deduction for VAT-Registered Company in Horse Racing
- Supreme Administrative Court Rulings: Registration Does Not Create Legitimate Expectations
SWITZERLAND
TAIWAN
TURKEY
UKRAINE
- Error in Negative VAT Amount Detected by Tax Authority During Audit: Implications and Resolution.
- How to Request a VAT Payer Extract: Methods, Requirements, and Processing Time
- New Rules for VAT Complaint Review: Taxpayer Participation via Videoconference from June 16
- Tax Service Holds Online Meetings with Mobile Operators to Discuss SAF-T UA Implementation
UNITED KINGDOM
- HMRC Warns Agents to Stay Vigilant Against Malware and Protect Client Data
- How to Register for VAT by Post Using the VAT1 Form: A Complete Guide
- ICAEW Urges More Time for Accurate Emissions Data in CBAM Implementation
- List of Individuals Penalised for VAT Fraud Transactions by HM Revenue & Customs
- Reclaiming Pre-Registration VAT: Time Limits, Special Rules, and Unrecoverable VAT Explained
- Updated List of Individuals Involved in VAT Fraud Transactions as of June 2024
UNITED STATES
- California budget includes sales tax bad debt deduction limitation and suspension
- California digital tax bills update
- Louisiana Board of Tax Appeals finds sales tax on music streaming violates ITFA
- Mastering Restaurant Sales Tax: The 80/80 Rule and Automation for Compliance
- Mississippi Updates Tax Rules for Oil, Gas, and Mineral Resource Service Businesses Effective July 2024
- New York affirms SaaS provided with managed services are taxable
- Vermont Legislature Overrides Governor’s Veto on Property and Software Sales Tax Hike
UZBEKISTAN
VIETNAM
WORLD
- E-invoicing: 5 Corner Model Explained
- Implementing a third-party tax engine? Make sure you follow these 6 essential project milestones
- Navigating Customs and VAT/GST: Strategies for Global Trade Compliance and Cost Management
- Understanding the Heart of Taxation: What Is a Tax Engine?
- VATupdate.com Daily Newsletter: June 20 2024
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