VATupdate.com Daily Newsletter: September 14, 2024

What happened on September 15 in the world?

2008: Lehman Brothers filed for bankruptcy, marking the largest bankruptcy filing in U.S. history and a pivotal moment in the global financial crisis.

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Headlines September 14, 2024

• Ghana Launches Second Phase of VAT E-Invoicing Implementation
• PE Watch September 2024 – CEO WFH creates PE
• Congo – Implementation of Standard VAT Invoices and Electronic Fiscal Devices by Directorate General
• Greece – VAT Consequences of Incorrectly Stated Recipient’s VAT Registration Number in Intra-Community Transactions
• Upcoming Expansion of e-Invoicing in India
  
• Latvia’s Mandatory B2B Electronic Invoicing Law: Implementation and Requirements by 2026
• Poland – Which VAT number to be mentioned on invoices in case entity is part of VAT group?
• Slovenia’s Move Toward Mandatory e-Invoicing and e-Reporting

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• VATupdate Weekly Newsletter Week 36 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 August 2024
  • E-Invoicing & E-Reporting developments in the news in week 36/2024
  • E-Invoicing heatmap for Europe
  • Collection of E-Invoicing Guides – Worldwide
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 10 Judgments, 2 AG Opinions will be issued before October 4, 2024
  • This is what happened in the ECJ (VAT) in August 2024 – Only new cases announced
  • 1033 ECJ VAT Cases are now available on www.VATupdate.com
  • 1033 ECJ VAT Cases are now available on www.VATupdate.com – ALPHABETICAL INDEX
• VAT Rates
  • August 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological
• E-Commerce
  • Global VAT Revolution in E-commerce and Digital Services Tax – August 2024 Update!

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Australia

• New GST Food & Health Product Classification Resources: Determine Taxable or GST-Free Status

Austria

• Austrian IT Company Denied Input Tax Deduction Due to Lack of Documentation

Azerbaijan

• Azerbaijan Provides VAT Exemption on Certain Fixed Asset Imports
• Successful Implementation of “VAT Refund” Project Continues with Innovative Mechanism

Cambodia

• Supplies to Cambodian Financial Institutions by Non-Resident E-Commerce Suppliers Not Subject to VAT

Chile

• Circular published on Money Credit Operations
• Tax Code Update: Reajustment, Interest, and Fines Calculation Table for October 2024

Congo

• Implementation of Standard VAT Invoices and Electronic Fiscal Devices by Directorate General

Croatia

• EC Adopts Decision on Croatia’s VAT Derogation Extension Request Until 2027

Denmark

• PE Watch September 2024 – CEO WFH creates PE

Dominican Republic

• VAT Treatment of Cultural and Artistic Services Clarified by Tax Authority

ECJ

• Comments on ECJ C-243/23: ECJ Rules Against Belgian VAT Adjustment Rules for Renovations
• Comments on ECJ C-73/23 & C-741/22: Member States can treat online betting differently from offline betting
• Comments on ECJ cases C-639/22 to C-644/22: Comparability of AIF and UCITS: Key Considerations under German VAT Law and ECJ Judgment

El Salvador

• Congress Approves Tax Amnesty for Individuals and Businesses
• El Salvador Tax Amnesty for Outstanding Tax and Customs Obligations up to 31 July 2024

Ghana

• Ghana Launches Second Phase of VAT E-Invoicing Implementation

Greece

• VAT Consequences of Incorrectly Stated Recipient’s VAT Registration Number in Intra-Community Transactions

India

• Decoding the Impact: Insights from the Recent APAC GST Council Meeting
• GST Officers Arrested for Bribery: CBI Cracks Down on Corruption in Tax Department
• Recommendations of the 54th Meeting of India’s GST Council Include Rollout of a Pilot for B2C e-Invoicing and Other Changes
• Upcoming Expansion of e-Invoicing in India

Indonesia

• Indonesia’s Digital Economy Sector Generates Rp27tn Tax Revenue: Record-Breaking Achievement

Israel

• Israel Tax Authority Raises Dealer Turnover Threshold for 2025 VAT Reporting.

Italy

• Italy VAT Refund Deadline 2023: Key Requirements and Submission Guidelines for EU Businesses
• Updated tax penalty regime in Italy from 1 September 2024

Latvia

• Latvia’s Mandatory B2B Electronic Invoicing Law: Implementation and Requirements by 2026

Netherlands

• Supreme Court answers preliminary questions: there is a legal basis for interest on arrears on import VAT

Poland

• Challenges and Benefits of Implementing Mandatory e-Invoicing System in Poland by 2026
• Polish Ministry of Finance proposes VAT amendments including zero rate for rescue vessels
• There will be no integration of online cash registers with payment terminals
• Which VAT number to be mentioned on invoices in case entity is part of VAT group?

Russia

• Government Revises List of VAT-Exempt Imported Equipment

Saint Kitts and Nevis

• Deadline Set for Collection of VAT Certificates in Saint Kitts and Nevis

Slovakia

• VAT Amendment: Obligation to Keep Records of Journey

Slovenia

• Slovenia’s Move Toward Mandatory e-Invoicing and e-Reporting

Spain

• Decree Adjusts VAT Rates to Aid Vulnerable Populations and Combat Inflation

Switzerland

• Swiss VAT Law Amendments: Notification Requirements, Group Representation, Tax Scope Exclusions, and More

Trinidad and Tobago

• Trinidad and Tobago sees $2.5 billion decrease in VAT refunds, $4.3 billion revenue increase

United States

• Arizona: Comments on Draft Ruling Addressing Transaction Privilege and Use Tax Nexus and Sourcing are Due September 30
• Iowa: True Object of Lab Testing Service Involving Tangible Personal Property is Nontaxable Service
• Texas Comptroller of Public Accounts Proposes Changes to Rule on Data Processing Services

Uzbekistan

• Uzbekistan Introduces New Tax Incentives: VAT Cashback, Land Tax Concessions, Export Refunds & More

Venezuela

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

Webinars / Events

• ecosio E-invoicing Solutions Summit – Slides & Recordings (Sept 10)
• E-Invoicing Exchange Summit Europe: Balancing Local and Global Needs in E-Invoicing & E-Reporting

World

• VATupdate.com Daily Newsletter: September 13, 2024

Zimbabwe

• Zera Advocates for VAT Exemption on Renewable Energy Products to Boost Efficiency

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