VATupdate.com Daily Newsletter: September 18, 2024

What happened on September 18 in the world?

1970: Iconic musician Jimi Hendrix was found dead in London

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Headlines September 18, 2024

• Bulgaria’s SAF-T Implementation: Phased Approach for Accounting Overhaul by 2025
• Comments on ECJ C-248/23: Novo Nordisk AS VAT Treatment of Statutory Payments to State Health Insurer
• Estonia to Raise VAT to 24% for Security
• 2024 Olympics and Paralympics – VAT Recovery In France
• India Expands E-Invoicing Pilot to B2C Supplies and Reverse Charge Mechanism
• Peru Delays Implementation of 18% VAT on Digital Services to December 1, 2024
• Thailand – Government Extends VAT Reduction to 7% until September 30

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• VATupdate Newsletter Week 37 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 37/2024
  • 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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Anguilla

• Mandatory GST Registration for Short-Term Accommodation Providers: Public Notice

Armenia

• Armenia State Revenue Committee Implements Zero Customs Duty Rate for Electric Vehicle Imports

Austria

• Austrian Court Decision on Taxation of Employee Use of Company Vehicle by German Company

Azerbaijan

• Azerbaijan Cabinet of Ministers Approves List of VAT-Exempt Leasing Assets

Bahrain

• Bahrain NBR Releases Updated VAT Real Estate Guide Version 1.4 for 2024
• Bahrain Updates VAT Guide for Real Estate

Belarus

• Belarus President Signs Decree Approving Protocol on Indirect Taxation with Russia [09/13/24]

Belgium

• Belgium’s VAT Compliance Changes: Quarterly Deadlines, Substitute Returns, and Refund Process Updates
• Upgrade to GKS 2.0 in Belgium: Impact on Tax Control Mechanisms and Penalties

Bulgaria

• Bulgaria’s SAF-T Implementation: Phased Approach for Accounting Overhaul by 2025

Canada/ United States

• US challenges Canada’s Digital Services Tax under USMCA

Chile

• SII Calculator Simplifies IVA Payment for Non-Registered Individuals at Fiestas Patrias Events

China

• Macau: Ministry of Economy Announces September 2024 Tax Obligations

Colombia

• Reform proposes shifting the current VAT exemption for renewable energy production to a zero-rating with input VAT credit

ECJ

• Comments on ECJ C-429/23: VAT Deduction Refusal for Pre-registration Invoices
• Comments on ECJ C-573/22 (AGO) – Denmark may levy VAT on media contribution
• Comments on ECJ C-639/22 & other: New developments regarding the VAT exemption for funds
• Comments on ECJ C-73/23: VAT Exemption for Online Games of Chance
• Comments on ECJ C-83/23: Buyer’s claim for undue VAT
• The Court of Justice abandons VAT, customs and excise duties
• Comments on ECJ C-248/23: Novo Nordisk AS VAT Treatment of Statutory Payments to State Health Insurer
• Comments on ECJ C-248/23:: Novo Nordisk Rebates Case Clarifies VAT Treatment for Pharmaceutical Industry

El Salvador

• El Salvador Congress Passes Tax Amnesty Program for Outstanding Obligations and Fines

Estonia

• Estonia to Raise VAT to 24% for Security

Ethiopia

• Ethiopia introduces new VAT Proclamation introducing raft of changes

European Union

• European Commission Updates Customs Forms for Intellectual Property Rights Enforcement
• Reflecting on the SME Landscape in the EU: e-invoicing and other regulatory barriers
• Your obligations and other VAT reporting formalities abroad

European Union/ Spain

• Possibility of Recovering VAT Paid on Client and Employee Expenses
• Updates on Official Bulletins and VAT Regulations

European Union/ Sweden

• Guideline from VAT Committee: Independent Status for Online Skin Sellers on Trading Platforms

France

• 2024 Olympics and Paralympics – VAT Recovery In France
• France’s DGFiP Study Reveals €6-10bn Annual Loss in VAT Revenue due to Reporting Errors
• Guide to Electronic Invoicing Reform in France: Simplifying Processes and Fighting VAT Fraud
• Understanding Box A1 of French VAT Return: Key Points for Accurate Reporting and Compliance
• VAT Fraud Prevention: Leveraging the Reliable Audit Trail for Business Success

Germany

• Changes to Small Business VAT Regulation: Impact of Proposed Legislation on Taxpayers’ Rights
• German E-Invoicing Mandate: Phase One Begins January 1, 2025

Greece

• Greece to implement electronic delivery notes for real-time tracking of goods

Hungary

• Deadline Approaching for Foreign VAT Refund Claims in Hungary

India

• Everything you need to know about GSTR-7
• India Expands E-Invoicing Pilot to B2C Supplies and Reverse Charge Mechanism
• Introduction to Invoice Management System (IMS) Under GST: Features, Benefits, and Operational Insights
• Rising GST Evasion in India: Fiscal Year 2023-24 Sees ₹2.01 Lakh Crore Scam

Italy

• New Tax Penalty System in Italy: Legislative Decree No. 87 Imposes Stricter Measures
• Supreme Court Ruling: VAT Recovery for SPVs in MLBO Transactions
• VAT on transaction costs incurred by special purpose vehicle recoverable post merger (Supreme Court decision)

Kazakhstan

• VAT on foreign suppliers of digital products

Kyrgyzstan

• Price of medicines to increase in Kyrgyzstan due to introduction of VAT
• VAT Exemption for Renewable Power Plant Equipment Imports by Cabinet of Ministers

Moldova

• STS Grants Certificate for VAT Payer Attestation

Netherlands

• Decision on distinction between VAT entrepreneur status and income tax entrepreneur status, including consequences of distinction.
• Detailed Excel files on separate data carriers indicate shadow accounting
• Extension of default penalty waiver for non-compliance with OSS mechanisms of VAT e-commerce package
• VAT on fake invoice not deductible

Pakistan

• Standard Operating Procedure for Condonation of Time Limit under Sales Tax Act, 1990

Peru

• Peru Delays Implementation of 18% VAT on Digital Services to December 1, 2024
• Peru Delays New VAT Rules for Overseas E-Services Suppliers Until December 1, 2024

Philippines

• Senator Pimentel Opposes VAT-Refund Bill, Deems it Counter-Productive for Government

Poland

• Budget Revenues Growing Slowly, VAT Shortfall of 39 Billion PLN
• Death exempts sanctions for lack of split payment
• Fiscalization Requirements for Electric Vehicle Charging Stations in Poland
• VAT Statute of Limitations: Key Points and Deadlines for Taxpayers by End of 2024
• Zero VAT Rate Introduced for Flood Victims Support in September 2024

Portugal

• Madeira Implements Reduced VAT Rate to Boost Economy and Provide Tax Relief

Russia

• Revised Customs Duties on Alcohol from Unfriendly States by Government

Saudi Arabia

• New Customs Service Fee Rules Effective October 6, 2024: Boosting Trade Efficiency and Lowering Costs
• Proposed amendments to VAT regulations, including expansion of VAT obligations of marketplaces
• Saudi Arabia Introduces New Customs Service Fee Rules to Boost Trade Efficiency and Transparency

South Africa

• Proposed Amendment: Gold Mines To Be Subject To The VAT Reverse Charge On Valuable Metal

Spain

• Adaptation of DIVA System to New Tax Rates for Basic Foodstuffs Including Olive Oil
• Confirmation from DGT: No need to increase VAT taxable base after partial debt collection

Sri Lanka

• Sri Lanka food prices sharply down after multiple VAT hikes: Analysis
• Sri Lanka presidential candidate confirms VAT removal for key sectors

Switzerland

• Switzerland’s New E-commerce VAT Rules: Implications for Platforms and Suppliers from 2025

Taiwan

• Taipei Customs Urges Importers: Avoid Cross-Border Meat Shopping for Mid-Autumn Festival

Thailand

• Government Extends VAT Reduction to 7% until September 30

Ukraine

• Detection of VAT evasion schemes in large taxpayers in early 2024: findings and consequences
• Potential Increase in VAT in 2025 Budget Due to Significant Changes
• Taxation of VAT on services received by VAT payer from non-resident
• Ukrainian Parliament Considers Eliminating Import Duty and VAT Exemption Threshold
• When can the tax authority refuse to cancel the VAT registration of a taxpayer?

United Kingdom

• HMRC launches VAT registration tool
• Private Schools and VAT: Changes Explained by ICAEW Tax Faculty
• Report on HMRC’s Efforts to Combat Tax Evasion in High Street and Online Retail
• The VAT treatment of sightseeing passes, VAT costs on property transactions, and other news
• Tribunal ruling on Bangla Lounge VAT assessments and penalty appeals: delays and suppression of takings.
• UK Upper Tribunal Dismisses TalkTalk Appeal in VAT Prompt Payment Discount Case
• VAT Zero Rating for Residential Caravans – Updated Regulations for Compliance
• Zero-Rating VAT for Residential Caravans: HMRC Guidance Update 2024

United States

• Choosing the Right Sales Tax Calculation Engine: 4 Key Questions to Consider
• Navigating Maine’s New Sales Tax Rules for Leases and Rentals: A Lessors’ Guide
• Navigating Sales Tax Compliance for Digital Products and Services: A Comprehensive Guide
• Oregon Measure 118 Is an Aggressive Sales Tax—and Worse

Uruguay

• Uruguay Extends VAT Reduction for Tourism Sector to Aid Industry Amid COVID-19 Challenges

Venezuela

• Venezuela Extends VAT Exemption on Import of Certain Goods Until Dec. 31, 2024

World

• VATupdate.com Daily Newsletter: September 17, 2024

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