What happens on July 17 in the world?

                                                             Constitution Day Korea

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Headlines July 17, 2024

• Discover the 2024 eInvoicing Country Factsheets!
• Romania extends the grace period for taxpayers to comply with the RO e-Transport system
• E-Invoicing and Pre-Filled VAT Returns
• Greece – Update: Greece myDATA System Technical Specifications v.1.0.9 – July 2024
• Singapore – GST Registration for Overseas Vendors

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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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BELGIUM

• The Belgian Ministry of Finance publishes a dedicated page for the upcoming B2B e-invoicing mandate
• Ministry of Finance Provides Details on the Upcoming E-invoicing Mandate
• Belgium Issues Guidelines for Mandatory B2B e-Invoicing Effective January 1, 2026
• Belgian Ministry of Finance Guidelines for Mandatory E-invoicing Implementation

BRAZIL

• Brazilian Lower House Approves VAT Regulations with Amendments, Including Zero Rates and Cashback Scheme

CANADA

• Canadian Digital Services Tax Faces Opposition from Streaming Platforms

ECUADOR

• Ecuador: Tax Authority Will Apply Fines Up To $13,800 USD for Non-Delivery of Sales Receipts

EGYPT

• Guide to VAT Refund Cases: Maximizing Benefits and Compliance for Businesses
• Effective Input Tax Strategies Under Egypt’s Law No. 67 of 2016: Audio Guide

EUROPEAN UNION

• Comments on ECJ C-168/23 (Customs): Reclassification of imported goods is not contrary to the principles of legal certainty and the protection of legitimate…
• E-Invoicing and Pre-Filled VAT Returns
• Introducing the Technical Guidance document on Tax Codes for eInvoicing
• New ECJ Case C-259/24 (Tenergie): Anti-dumping on importation of photovoltaic solar panels
• European Commission Proposes Electronic VAT Exemption Certificate for Export Transactions
• EU Proposal for Electronic VAT Exemption Certificate: Public Hearing Announcement

EUROPEAN UNION – GERMANY

• Germany requested authorization to EC to extend VAT liability of transfer of emission allowances
• Comments on ECJ Case C-184/23 (Finanzamt T II): Internal Supplies in VAT-Group Not Subject to VAT

EUROPEAN UNION – NORWAY – UNITED KINGDOM

• Discover the 2024 eInvoicing Country Factsheets!

FINLAND

• Change in VAT Rate in Finland to 25.5% from September 2024
• Preparing for VAT Changes in Finland: Essential Strategies for Company Competitiveness

GERMANY

• E-Invoice 02 – Implementation and Impact from 01.01.2025 – Franziska Karsten, LL.M.
• E-Invoice 01 – VIDA, SVR: Impact on Businesses in the Digital Age
• European Commission Proposes Germany to Continue Reverse Charge on Trading Emission Allowances

GREECE

• Update: Greece myDATA System Technical Specifications v.1.0.9 – July 2024

INDIA

• CBIC issued clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 53rd meeting

ITALY

• Treatment of VAT on tourist and hospitality packages – Alfa S.r.l. case
• 2021 VAT Return Anomalies: Communication, Importance, and Next Steps
• Communication for Spontaneous Compliance Promotion in VAT Declarations for 2021 Tax Period
• VAT Implications of Land Expropriation for Farmers in Italy
• Special VAT regime for tourist packages: conditions clarified by Revenue Agency ruling #155
• Tax Agency Issues Guidelines for VAT Compliance Promotion in 2022
• Issuing VAT Adjustment Note for Extraordinary Operations: Clarifications from Revenue Agency
• Anomalies in 2021 VAT Return: Communication and Resolution Guide
• VAT Treatment for Travel Agency Commissions: Accounting, Reporting, and Oversight

LUXEMBOURG

• Luxembourg Parliament Considers New VAT Law Amendments for Small Businesses

MALAYSIA – WEBINARS / EVENTS

• Webinar RTC – Get Ready for Malaysia’s e-Invoicing Mandate: Key Insights and APAC Impact (July 17, 2024)

MEXICO – UNITED STATES

• US imposes adjustments to steel and aluminum imports from Mexico

MOLDOVA

• Government Approves Tax and Customs Policy for 2025

NETHERLANDS

• According to AG, storage of a crate in a warehouse is not a VAT-exempt rental of immovable property
• Clinker paving car park without off-site lighting does not qualify as a building
• Knowledge group position: province is entitled to BCF contribution despite employee’s private use
• Dutch Court upholds corrections: Company’s payments deemed non-business expenses and VAT deductions disallowed
• Paveded parking lot qualifies as a building on the basis of the Real Estate Decree
• Closure of e-Portal
• Taxation of Renting Movable Wooden Chests in Storage Facility: No VAT ExemptionJuly 15, 2024
• VAT exemption denied for booth rental services in BV X’s trade fair operations
• Tax Office: Different VAT Rates for Edible Straws

PAKISTAN

• FBR Official Explains Sales Tax Changes Under Finance Act 2024 at APTMA Workshop

PHILIPPINES

• Managing Output VAT Credit: BIR Guidelines on Claiming Unpaid Receivables VAT Credit

POLAND

• VAT implications of property expropriation with compensation – always applicable?
• VAT Implications on Compensation for Expropriation of Agricultural Land: Ruling by EU Court

PORTUGAL

• Government has 180 days to legislate cash VAT regime for companies with annual turnover up to two million euros

ROMANIA

• Romania extends the grace period for taxpayers to comply with the RO e-Transport system
• Romania Implements Prefilled VAT Returns to Streamline Tax Reporting Process

RUSSIA

• Government Increases Scope of 10% VAT to Include More Goods

SAUDI ARABIA

• ZATCA’s Announcement on the 13th Group for E-Invoicing
• Saudi Arabia Announces New Taxpayer Group for Phase 2 of e-Invoicing Integration

SINGAPORE

• Singapore – GST Registration for Overseas Vendors
• Singapore’s Criteria for Rejecting GST Advance Rulings Clarified

SLOVENIA

• Meeting Conditions for Procedure 42/63 and VAT Declaration for Imports in VAT Return – Tax Representation

SOUTH AFRICA

• Supreme Court Ruling Strengthens ZIMRA’s Tax Collection Efforts

SPAIN

• Taxation of Billing Services Provided by Pharmacy Association to Members: VAT Implications

TAIWAN

• How to Declare Input Tax Amount for Second-Hand Car Dealers Without Making Mistakes
• Legislative Yuan Passes Amendments a.o. how to store electronic invoices and necessary information on a designated platform, with specified penalties…

UKRAINE

• Payers of VAT with cash method can compile consolidated VAT invoices.

UNITED ARAB EMIRATES

• Key Considerations for VAT Audit in the UAE: Challenges, Compliance, and Sector-Specific Issues

UNITED KINGDOM

• UK court overturns Uber private taxi operators VAT ruling
• VAT Considerations in Planning Law Changes: Implications for Landowners, Developers, and Buyers
• Changes to VAT Registration Details Must Be Done Digitally Starting August
• When to Register for a Sales Tax Permit: A Comprehensive Guide
• North Carolina Eliminates Sales Tax Threshold for Remote Sellers Starting July 2024

VENEZUELA

• Venezuela Extends Temporary Exemption from VAT and Customs Duty on the Definitive Import of Certain Goods

WORLD

• Understanding and Combating E-Invoicing Frauds: Types, Examples, and Mitigation Strategies
• GDPR – How can SAP system users minimise non-compliance risk?
• How to register for VAT abroad?
• Global VAT Guide: July 2024

 

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