What happens on July 16 in the world?

World Snake Day

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Headlines July 16, 2024

• VATupdate Newsletter Week 28 2024
• France – Olympic Games issued the 2nd version of its VAT Guide
• Brazil’s Chamber of Deputies Passes Draft Law on Indirect Tax Reform with 26.5% Cap
• Finland – Public Consultation Launched by Finnish Ministry of Finance on Reduced VAT Rate Changes
• Israel VAT rise to 18% January 2025 – cancellation?

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• VATupdate Newsletter Week 28 2024
• NEW – EU Country Overviews
• 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 28/2024
  • E-Invoicing heatmap for Europe

  • Collection of E-Invoicing Guides – Worldwide

• 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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AUSTRALIA

• ATO Notice on Collection of Sales Data from Online Selling Platforms to Promote Compliance

AUSTRIA

• Austrian Parliament Approves Tax Amendment Act 2024 with VAT Measures

BELGIUM

• Belgium Issues New Guidance for 2026 B2B e-Invoicing Mandate

BRAZIL

• Brazil’s Chamber of Deputies Passes Draft Law on Indirect Tax Reform with 26.5% Cap

CANADA

• Canada’s Digital Services Tax Act to Take Effect on 28 June 2024

COLOMBIA

• Implementation of electronic invoicing and equivalent electronic documents in Colombia

CROATIA

• Croatia Proposes Increase in VAT Registration Threshold: What Businesses Need to Know

ETHIOPIA

• Ethiopia Amends VAT Exemptions, Adds New List of Goods Exempt from Tax

EUROPEAN UNION

• Comments on ECJ C-184/23: VAT group and neutrality of turnover within the group – is this (finally) the end of doubts?
• EU proposes digital VAT exemption certificate 2026
• Comments on ECJ C-122/23: Legafact’s Late VAT Registration Results in Disproportionate Penalty

FINLAND

• Public Consultation Launched by Finnish Ministry of Finance on Reduced VAT Rate Changes
• Finland Implements Reforms on VAT and Insurance Premium Tax Rates
• Finnish Ministry of Finance Consulting on Changes to Scope of Reduced VAT Rates

FRANCE

• Olympic Games issued the 2nd version of its VAT Guide
• Understanding EPR France – A Guide For Businesses

INDIA

• Uber and Other App-Based Mobility Providers Seek Clarity on GST Liability
• CBIC Notification: GST Rate Changes for Goods as per 53rd Council Meeting
• GST Council reboots panel for system reforms
• Weekly GST Communique dated July 15, 2024
• GSTN’s Advisory: Refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports
• GST on corporate guarantee needs clarification: Experts

IRELAND

• Navigating the E-Invoicing Landscape: Updates from Ireland

ISRAEL

• Netanyahu and Simhon Pushing to Cancel VAT Hike
• Israel VAT rise to 18% January 2025 – cancellation?

ITALY

• Taxing Land Expropriation: Implications for Farmers and Landowners in Italy

MALAYSIA

• Malaysia National E-Invoicing Open Day on July 16
• Comarch Accredited as Peppol Service Provider in Malaysia

NETHERLANDS

• Circumcision without medical indication not exempt from VAT
• Knowledge group point of view: not all edible straws qualify as edibles

PAKISTAN

• Imposing Sales Tax on Alternative Medicines: A Cruel Step, Say Experts
• Continued Final Tax Regime for Service Exports in Pakistan: July 14, 2024

PERU

• E-Invoicing: Mandatory use of SIRE postponed from April 2024 to August 2024 for a specific group of taxpayers

POLAND

• VAT Exemption for Dietary Advice Depends on Health Condition, Says Tax Chief
• Ministry of Finance starts further consultations on the National Security and Fundamental Rights Organisation (KSeF)

PORTUGAL

• Annual VAT returns in Portugal: What Do You Need to Know?

ROMANIA

• RO e-Transport Penalty-Free Period Extended

RUSSIA

• Russia Implements Progressive Tax System to Fund War Efforts, but VAT will not increase

SAUDI ARABIA

• ZATCA Updates Rules on Customs Exemptions for Returned Goods
• Tax Amnesty scheme extended till December 31, 2024- Applicability, conditions and next steps
• Saudi Arabia’s FATOORAH Initiative: Mandatory e-Invoicing from 2025

SINGAPORE

• GST Advance Ruling System: Application Procedures, Fees, and Processing Time

SWITZERLAND

• Switzerland marketplace VAT deemed supplier 2025

UNITED KINGDOM

• UK Updates the Process to Communicate Registration Changes

UNITED STATES

• Tennessee Sales Tax Holiday: Save Big on Back-to-School Essentials, July 26th-28th
• US – Digital Platform TikTok and Sales Tax Compliance

WORLD

• The Power of Electronic Invoicing and Key Stakeholders
• VATupdate Newsletter Week 28 2024

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