VATupdate.com Daily Newsletter: July 12, 2024

What happens on July 12 in the world?

World Kebab Day

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Headlines July 12, 2024

• ECJ C-184/23 (Finanzamt T) – Judgment – Supplies within VAT group are outside scope of VAT even if input VAT is limited
• ECJ C-182/23 (Makowit) – Decision – Expropriation of plot of land from farmer, previously used for agricultural activities subject to VAT
• Hungary EU presidency downgrades VAT in the Digital Age
• Belgium – Guidance Released for B2B E-Invoicing Mandate Effective from 1 January 2026
• French National Authority for PEPPOL Invoicing

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• VATupdate Newsletter Week 27 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 June 2024
  • E-Invoicing & E-Reporting developments in the news in week 27/2024
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 1 Hearing announced till July 29, 2024
  • 1013 ECJ VAT Cases are now available on www.VATupdate.com
• VAT Rates
  • June 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

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ARGENTINA

• Argentine tax authorities extend suspension of VAT and Income Tax exclusion certificates on imports

 BANGLADESH

• NBR Forecasts Tk 113 Billion Extra VAT Revenue in FY25 from Tobacco and Retail Businesses
• NBR Targets Tk11,450cr VAT Increase in 6 Sectors for FY25 Revenue Boost

 BELGIUM

• Belgium – Guidance Released for B2B E-Invoicing Mandate Effective from 1 January 2026

 BRAZIL

• Brazil Congress Passes Bill for Major Tax Reforms to Boost Economic Growth and Simplify System

 CANADA

• Guide on GST/HST Credit including related provincial and territorial credits and benefits
• Guidance on GST/HST Credit Published by Revenue Agency
• Canada Implements Digital Services Tax Through Order in Council 2024-0856
• Canada Implements Digital Services Tax Act and Transfers Import/Export Number Registrations to Border Services Agency
• Canada sets entry-into-force date for Digital Services Tax Act

 CHILE

• Chile Implements Stricter Rules for VAT Invoices and Documents, Effective July 2024
• Chile VAT Update: Requirements for Invoices and Documents Clarified by Tax Authority

 CHINA

• Landmark VAT Case: China’s First CCER Sales Dispute Heard in Court, Market Platform Implications

 CROATIA

• Meeting Fiscalization Requirements in Croatia: Tools, Certifications, and Compliance Steps
• Croatian Parliament Approves VAT Law Amendments to Benefit Small Taxpayers

 DENMARK

• Denmark’s Green Initiatives: CO2 Tax on Livestock, Streaming Levy, and Air Passenger Tax.

 DOMINICAN REPUBLIC

• DGII publishes a new list of taxpayers under the e-invoicing scope

 ETHIOPIA

• ETHIOPIA: Ministry of Finance Revokes Blanket VAT Exemptions, Introduces New Directive

ECJ

• ECJ C-184/23 (Finanzamt T) – Judgment – Supplies within VAT group are outside scope of VAT even if input VAT is limited
• ECJ C-182/23 (Makowit) – Decision – Expropriation of plot of land from farmer, previously used for agricultural activities subject to VAT

 EUROPEAN UNION

• EU VAT in the Digital Age: Consensus on Two Pillars, Platforms Still Pending
• New VAT Rules for Virtual Services: Customer Location Determines Place of Supply from 2025
• Comments on ECJ C-505/22 – The Concept of “Single Supply” in EU Court Rulings
• Comments on ECJ C-184/23 (Finanzamt T II): No VAT within VAT group, also if recipient cannot fully deduct VAT
• Comments on ECJ C-657/22: VAT and Excise Duty Issues in Bitulpetrolium Case
• European Commission proposed amending EU VAT directive to require electronic certificates for diplomatic VAT exemptions
• Enhanced 2024 eInvoicing Country Factsheets by European Commission: A Comprehensive Overview
• Comments on ECJ C-533/22 (Adient): No FE if human and technical resources at its disposal do not differ from those by which the services…
• Hungary EU presidency downgrades VAT in the Digital Age

FIJI

• Usamate condemns Government’s VAT increase, calls for measures to combat high inflation and cost of living
• Professor Prasad: Reducing VAT Not an Option, Government Will Lose Millions in Revenue

FINLAND

• Finland Implements Higher VAT and Insurance Premium Tax Rates Starting September 1
• Finnish President Signs Law Increasing VAT and Insurance Premium Tax Rates to 25.5%
• Finland’s VAT Directive Amendments: Impact on Small Enterprises and Standard Rate Increase in 2024
• Finland further reforms VAT and insurance premium tax rates

FRANCE

• French National Authority for PEPPOL Invoicing

 GERMANY

• Unity of Performance in Combined Swimming Pool and Sauna Use for VAT Purposes

 GREECE

• New myDATA version and timologio application upgrade announced by AADE on July 11, 2024.
• New myDATA and timologio versions – What they include

 GUINEA-BISSAU

• Government Streamlines Cashew Nut Export Payment Process

 HUNGARY

• Hungary Introduces eVAT System for Taxpayers to Revise VAT Returns from July 2024.
• VAT in Hungary – eBook

 ICELAND

• Iceland Aligns VAT Act with EU Directive for Nonresident Businesses Services Supply.

 INDIA

• Clarification on GST Time of Supply for Spectrum Services in Maharashtra: Legal Insights
• Ultimate Guide to TDS and GST Software for Efficient Tax Compliance
• CBIC notifies FORM GSTR-1A to facilitate the taxpayers to amend the details in FORM GSTR-1
• Punjab Finance Minister Urges Stronger GST Compliance in Service Sector for Revenue Growth
• Massive ED Raids Uncover Rs 10k Cr VAT Scam Syndicate in Multiple States
• Analysis of Recommendations from 53rd GST Council Meeting: Key Highlights and Implications

 IRELAND

• Grant Thornton Urges Government to Implement 0% Vat Rate on New Home Construction

 ITALY

• Transfer of Assets to BETA Not Qualify as Going Concern for VAT and Tax Purposes
• VAT Refund for Non-Resident Company – Retroactive VAT Registration and Refund Procedure
• Overhauling Italy’s VAT Rates: Implementing EU Directive 2022/542/EU by August 31, 2024
• Fixed Penalty for Excessive or Improperly Charged VAT: Changes in Italian Tax Law
• Promoting Sustainability: VAT Deductions for Donating Goods to Non-Profit Organizations
• Expanding VAT Exemption: Ancillary Medical Services Eligible for Tax Relief in Italy
• New Procedure for Issuing Binding Origin Information from October 1: Key Changes and Updates
• Italy delays implementation of plastic and sugar taxes until July 2026 and July 2025 respectively.
• European Court of Justice: Issue Price of Shares as VAT Taxable Base for Real Estate Contribution
• Supreme Court Denies VAT Deduction for Non-Existent Transactions in Reverse Charge Deals

 KENYA

• Kenya President Refuses to Sign Finance Bill Amid Protests Over Rate Hikes

 LUXEMBOURG

• Luxembourg’s Proposed VAT Changes for Small Enterprises: Key Amendments and Implementation Timeline
• Luxembourg VAT Bill 8406: Amending Small Business Scheme for Enhanced Compliance

 MADAGASCAR

• Madagascar National Assembly Adopts Bill to Strengthen Tax Measures and Revenue Mobilisation

 MALAYSIA

• Economist Advocates for GST Return to Boost Government Revenue

 MALTA

• Malta Customs Fraud: 11 Charged in Corruption Probe by European Public Prosecutor’s Office

 MAURITANIA

• Proposed Tax Amendments to Exempt Goods and Services in Finance Minister’s Announcement on 7 June 2024

 NEPAL

• Nepal’s Fiscal Year 2024-25 Budget: Impact on Businesses and Tax Proposals

 NETHERLANDS

• VAT Rates for Edible Straws: 9% for Flavored, 21% for Dried Pasta Straws (11 July 2024)
• Uniform VAT Rate: A Proposal for Tax Uniformity in the VAT System
• Court of Gelderland rules that there is no double punishment for the same offense
• Taxation of Short-Stay Rentals in Historic Building: Legal Battle and VAT Implications
• Hospice provides one VAT-exempt service

 NIGERIA

• President Signs Order Removing Tariffs, Excise Duties, and VAT on Imported Pharmaceutical Inputs

 POLAND

• Dietetic services with VAT after all – tax office complicates settlement

 ROMANIA

• Romania’s RO E-invoice Platform: B2C Transactions Guidelines and Penalties from July 2025
• Amendments to Tax Legislation for RO e-VAT, e-Transport, and Guarantee-return System: Key Changes Summarized
• Overview of Amended e-VAT Ordinance: Key Provisions for Romanian Companies to Prepare for
• Impact of New e-Invoice Regulations in Romania on B2C Transactions: What You Need to Know

 RUSSIA

• Buyers of copper semi-finished products will become VAT tax agents from July 11, 2024.
• Amendment to VAT Procedure for Goods Transportation Services in Russia by Federal Tax Service

 SAUDI ARABIA

• Saudi Arabia: E-invoicing Requirement Extended to 13th Group of Taxpayers from January 2025

 SENEGAL

• Senegalese Ministry of Finance Updates VAT Rules for Cross-Border Digital Services

 SLOVENIA

• Slovenia’s VAT Law Changes: Public Consultation on Threshold Increase and VAT Grouping Rules.
• Slovenia 2024 eInvoicing Country Sheet

 SOUTH AFRICA

• Amendments to VAT DRC Regulations: Key Changes and Impact on Valuable Metal Industry

 SPAIN

• Taxation of live event streaming service on internet platform – June INFORMA updates.
• Tax implications of selling crushed plastic under the reverse charge rule – INFORMA update.
• Hacienda confirms that board member activity is not subject to VAT, impacting businesses positively.
• Spain’s Leftist Alliance Proposes Tax Hikes on Tourist Apartments to Boost Long-Term Rentals.
• Asset Transmission Excluding Certain Contracts and Accounts: June INFORMA Updates (147283)
• Digital Art Services: Sale of Unique NFT Tokens Granting Buyer Usage Rights
• New releases during June: Exemption for non-urbanized or under development lands.

 SWEDEN

• BMW Group’s Financial Services Arm Granted Tax Deduction Method by Swedish Court

 SWITZERLAND

• Switzerland considers making digital platforms responsible for collecting VAT from sellers.

 TAIWAN

• Entertainment Industry Tax Inspection Launched in Changhua County for Fair Taxation Enforcement

 TANZANIA

• Budget 2024: Tax Amendments and VAT Refund Changes Presented to National Assembly

 UGANDA

• Budget 2024: Tax Amendments and Economic Development Plans Unveiled to the Public

 UKRAINE

• VAT Taxation Order for Supply of Engineering Services on Customs Territory of Ukraine
• Exclusions from VAT Declaration for Goods Transferred to Ukrainian Armed Forces
• Deadline for appealing regional commission decision on blocked VAT invoices is 10 working days.

 UNITED KINGDOM

• Navigating VAT on School Fees: Understanding Advance Payment Schemes and Potential Implications

 UNITED STATES

• North Carolina Removes Sales Tax Threshold for Remote Sellers
• Virginia’s One-Time Safe Harbor for Contractor Sales and Use Tax Remittance: A Temporary Reprieve
• Sales Tax Implications of Cross-Border Intercompany Fees: Key Considerations and Best Practices
• California Tax Guide for Alteration and Tailoring Businesses: Simplifying Sales and Use Tax Obligations

 VIETNAM

• Expert recommends gradual approach for increasing special consumption tax on alcoholic beverages

 WEBINARS / EVENTS

• E-Invoicing Exchange Summit Prague (Sept 23-25)

WORLD

• New on VATupdate.com: Country VAT Facts

ZAMBIA

• Zambia Mandates E-Invoicing for VAT-Registered Taxpayers Starting July 2024

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