VATupdate.com Daily Newsletter: July 1, 2024

What happens on July 1 in the world?

Canada Day: Celebrates the anniversary of the formation of the union of the British North America provinces in a federation under the name of Canada

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Headlines July 1, 2024

• VAT Correction Invoices: Timing for Inclusion in VAT Returns – WSA Ruling
• Germany publishes e-invoicing draft regulations – Unofficial translation in English
• EU e-Invoice Compliance: Overview of EN16931 Standard for Digital Invoicing in Europe
• Malaysia MyInvois e-invoicing Aug 2024: new guidelines, FAQ & SDK
• E-Invoicing & E-Reporting developments in the news in week 26/2024

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• VATupdate Newsletter Week 25 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 26/2024
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 4 Judgments, 1 Hearing announced till July 17, 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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• The future of supply chains – Expert insights

BANGLADESH

• Tourism Stakeholders Urge Withdrawal of 15% VAT on Tour Operator Services for Sector Growth

CHINA

• Clarification on VAT Deduction Policy for Advanced Manufacturing Enterprises in 2024

EGYPT

• Extension of VAT and Income Tax Declaration Deadlines by Egyptian Tax Authority

EUROPEAN UNION

• EU e-Invoice Compliance: Overview of EN16931 Standard for Digital Invoicing in Europe
• Implications of Adient Case on Fixed Establishments in EU VAT Law

GERMANY

• Germany publishes e-invoicing draft regulations – Unofficial translation in English
• Timing and Documentation of Input Tax Deduction Allocation Decision

GREECE

• Amendment: Permanent 13% VAT for taxi passenger transport
• Greece Makes Reduced VAT Rates Permanent for Coffee, Tea, and Taxi Services
• Greece: Reduced VAT Rates on Various Goods and Services Made Permanent
• VAT Rate Applicable for Coffee, Cocoa, Tea, and Herbal Beverages in Catering Businesses

INDIA

• CBIC mandates CA/CMA certificates for post-sale discounts under GST, benefitting industry with streamlined operations.
• Circular No. 209/3/2024-GST: GST Provisions on Place of Supply for Unregistered Persons Clarified
• Clarification on GST Rules for Custodial Services Provided to Foreign Portfolio Investors by Indian Banks
• Clarification on Reversal of Input Tax Credit for Life Insurance Premiums under GST Rules
• Clarification on Time Limit for Input Tax Credit Utilization under Reverse Charge Mechanism
• No GST on Esops from foreign parent companies, says CBIC

ITALY

• Limited 10% VAT Rate for Residential Thermal Energy, Excludes Non-Residential Buildings like Schools

MALAYSIA

• Malaysia MyInvois e-invoicing Aug 2024: new guidelines, FAQ & SDK

MALTA

• Malta 2024 eInvoicing Country Sheet

NIGERIA

• President Tinubu Signs Executive Order to Boost Local Production in Healthcare Sector.

NORWAY

• Amendment to Value Added Tax Regulations for Military Units from USA

POLAND

• Deleting a taxpayer from the VAT register may prove ineffective
• Full VAT deduction for business vehicle expenses – WSA ruling
• Legal Dispute Over VAT Taxation of Property Sale Deposits
• NSA Ruling confirms German company did not have a permanent establishment in Poland
• VAT Correction Invoices: Timing for Inclusion in VAT Returns – WSA Ruling
• VAT Deduction Right and Transaction Documentation Method – WSA Judgment

PUERTO RICO

• Municipal Sales Tax Rates for Mail Orders Released by Treasury

ROMANIA

• Romania: Clarifications Regarding the e-Transport Mandate
• Romania’s New Mandate: e-Invoicing for B2C Transactions

SAUDI ARABIA/ UNITED ARAB EMIRATES

• Fintedu Webinar – Mastering E-invoicing Insights and Strategies from the UAE and KSA (July 2, 2024)

SPAIN

• Spain: Temporary Zero VAT Rate on Basic Foods Extended Until September 30, 2024

SWEDEN

• Criteria for VAT exemption on temporarily imported goods clarified by Swedish Tax Agency
• Effects of VAT exemption for financial services in Sweden

TAIWAN

• Business Tax Regulations for Foreign Publisher Advertisements: Important Information for Local Companies

UNITED ARAB EMIRATES

• Key Updates on VAT Treatment for Directors’ Services in the UAE

UNITED KINGDOM

• Telent Technology Services: Upper Tribunal rules against re-litigation of VAT input tax claim

UNITED STATES

• Arizona Delays Certification Process for Third-Party Providers in Sales Tax Law Amendment
• Louisiana Ends Sales Tax Refund Program for International Visitors
• Michigan Court Affirms Use Tax Due on In-State Company’s Direct Mail Advertising Campaigns
• South Carolina High Court Strikes Down Discriminatory DME Exemption for Medical Equipment Sales
• South Carolina Supreme Court Invalidates Durable Medical Equipment Tax Exemption on Interstate Commerce Grounds
• Supreme Court Overturns Chevron Doctrine: Impact on State Taxpayers and Agencies
• US – Challenges for Remote Vendors
• Wyoming Removes 200 Transaction Threshold for Establishing Economic Nexus

WORLD

• E-Invoicing & E-Reporting developments in the news in week 26/2024
• VATupdate.com Daily Newsletter: June 29, 2024

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