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SWOON
We all know VAT specialists don’t exactly make hearts race the way a firefighter might. In fact, the only time someone swoons over a VAT-person is when they’re really into spreadsheets. Now, we I mean, have you ever seen someone get all starry-eyed when a VAT specialist walks into a room? It’s more likely to be a yawn than a swoon.
A few years ago, the news reported on a rather… let’s call it ‘unusual’ case in Finland. A tax accountant was found dead at his desk. Yikes, right? He had been dead for three days, and the big question was why no one had checked on him sooner. The answer? Well, apparently, his colleagues thought he was just really immersed in a complex tax problem and didn’t want to disturb him. Imagine that. What a way to go—caught up in tax codes for eternity, perhaps. But hey, at least he died doing what he loved, right?
I’m not saying that the tax problem was VAT-related, but for some people that would not be a surprise. We mentioned before that we believe that VAT is fun, or at least some of the examples can of case-law make you giggle a bit. And it’s a small step from that giggle, to being the most loveable tax specialist. Or at least the less boring one.
Talking about boring: here’s another story about an accountant, who was having trouble falling asleep. Finally, he goes to his doctor and says, “Doctor, I can’t get to sleep at night.” The doctor, looking concerned, asks, “Have you tried counting sheep?” The accountant sighs and says, “That’s the problem—I made a mistake and spent three hours trying to find it.”
In all seriousness, though, the life of an accountant—or a VAT specialist—can sometimes feel a bit thankless. But, much like those sleepless nights spent chasing down that one elusive error, you keep pushing through for the sake of getting the numbers right. And while the swoon factor might not be in your favour, there’s one thing you can count on: when the VAT is accurate and on time, that’s when the real applause comes, even if it’s just the sound of your own sigh of relief.
Until next week’s update—stay organized, stay compliant, and remember: when in doubt, count your spreadsheets instead of sheep. For the latest news, visit www.vatupdate.com—because taxes may not make you swoon, but they will certainly keep you on your toes.
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
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WORLD
WORLD
- OECD Analyses EU CBAM’s Impact on Global Supply Chains
- E-Invoicing & E-Reporting developments in the news in week 6/2025
- Top 5 Challenges for Multinational Companies Implementing E-Invoicing
- An Overview of Extended Producer Responsibility (EPR)
- Understanding Backdating VAT Registration: Compliance and Benefits for Businesses
- Building the Modern Tax Tech Function: How Leading Enterprises Organise
- How the Digital Professional Suite Transforms Tax Compliance and Drives Competitiveness
- Third Edition of the IVA University Complete Program for 2025
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2025
- European Commission Proposes Repeal of Regulation on Additional Customs Duties on US Imports
WEBINARS / EVENTS
- Webinar Mathez Compliance – Electronic invoicing: how to bring your company into compliance? (Feb 18)
- Zampa Partners – Online sessions – Build your knowledge and stay updated with latest trends
- Event: E-Invoicing Exchange Summit in Miami – March 25-26, 2025
- Sovos Webinar – Tax Compliance 2025: 5 Key Trends in Indirect Tax Digitization (Feb 18)
- Did you already visit our Webinars/Events calendar?
- MDDP Webinar: The World Series of Trade – The International Trade Committee’s Speaker Series
- Webinar Recap: Driving Business Success with Tax Data – Insights, Integration, and Real-Time…
- Press Release: E-Invoicing Exchange Summit Miami: Shaping the Future of Digital Business
- SNI Webinar – e-Invoicing and Digital Reporting: A Global Perspective for the First Half of 2025…
AFRICA
EGYPT
GHANA
KENYA
- Kenya Court Rules: Auctioned Assets Subject to VAT
- Kenya Mandates VAT on Auction Sales for Debt Recovery: Implications and Tribunal Decision
AMERICAS
AMERICAS
- Additional U.S. Tariffs on Imports from Canada and Mexico Paused
- United States issues Executive Orders imposing additional tariffs on Canada, Mexico and China
CANADA
- Nova Scotia HST Rate Reduction on April 1, 2025
- New CRA Memorandum: Specialized IPP Place-of-Supply Rules Explained
CHILE
- How does E-Invoicing work in Chile
- Strengthening Tax Compliance: Combating Evasion, Fraud, and Organized Crime with Defined Focus in 2025 Plan
- Chile Requires Physical Copies of VAT E-Invoices for Sales and Services from 2025
ECUADOR
EL SALVADOR
UNITED STATES
- Ohio Enacts Tax Changes: Marketplace Facilitators, Sports Facilities, and CAT Sourcing
- US States Move Towards Simplified Sales Tax Compliance
- South Dakota Lawmakers Shift Away from Sales Tax Hike for Property Tax Reform
- Florida DOR Updates Sales Tax Rules for Vehicles, Boats, and Mobile Homes
- States Simplify Sales Tax Compliance: Revenue-Only Nexus Gains Traction
- Sales Tax Registration: The Latest and What’s Involved
- California Sales & Use Tax Guide 2025: Nexus, Exemptions, Rates, and Tax-Exempt Transactions
- Stock Up on Emergency Supplies Tax-Free During Alabama’s Severe Weather Preparedness Sales Tax Holiday
- Navigating Sales Tax Registration: A Comprehensive Guide for Online Businesses
- State and Local Sales Tax Rates Comparison for 2025
- New York Sales Tax Rate Changes for Fuel, Fuel Cell Systems, and Clothing in 2025
- Seven E-Commerce Sales Tax Compliance Tips: How to Stay Ahead of Changing Regulations
- Trump Delays Mexico Tariffs by a Month
URUGUAY
ASIA-PACIFIC
ARMENIA
BANGLADESH
- Bring Luxury Goods Under the VAT Net: A Call for Action
- Bangladesh Jewellers Evade VAT, Smuggling Fuels Gold Market
- Gazette Issued on VAT Exemption on Foreign Doctors’ Fees
- NBR Panel Recommends E-Invoicing for VAT to Enhance Transparency in Tax Collection
- VAT Revenue Drops Despite Tax Hike: Large Firms Face Shrinking Collections
- NBR Waives VAT on Foreign Doctors’ Services for Injured Students in Bangladesh
- NBR exempts VAT on foreign doctors’ fees for treating July uprising protesters
- Importers to Halt Fruit Clearance at Ports for Two Days Over VAT, Duty Hike
CHINA
- China To Levy Tariffs on US Goods from February 10
- China’s VAT Law: Main Changes & Implications for Tax Professionals
- China’s Cognac Import Plunges After Tariff Hike
INDIA
- GSTN’s Advisory for Biometric-Based Aadhaar Authentication and Document…
- Fake GST Notices: How to Spot and Protect Yourself
- Optional GST Invoice Reconciliation or Invoice Management System (IMS) May Soon Become Mandatory
- Assam Cabinet Approves Key Decisions on Trade, Education, and Industry
- Weekly GST Communique dated February 03, 2025
- Essential GST Compliance Checklist 2025: Key Updates for Smooth Tax Operations
- Tightened GST Rules on Credit Notes Aim to Prevent Revenue Leakage
- India’s Path to Mandatory B2C E-Invoicing by 2026-27: A Game-Changer for Tax Compliance
- Ethos Limited Faces ₹3.21 Cr GST Demand: Company to Challenge Order
- India GST Measures 2025 Finance Bill
- Kerala GST Department issued important instructions on the Implementation of e-way bill for the movement of gold and precious stones
- Introduction of E-Way Bill (EWB) for gold in Kerala state
INDONESIA
KAZAKHSTAN
- Kazakhstan’s Tax Reform: No Impact on Small Businesses
- Additional Excise Rates on Gasoline and Diesel Fuel are Established: Draft
- World Bank Recommends Kazakhstan to Raise VAT Rate
- VAT 20%: For Whom Will the Rate be Reduced?
PAKISTAN
- Pakistan Mandates E-Invoicing for Sales Tax
- Pakistan Establishes New Electronic Invoicing Requirements
- Pakistan Customs Implements New Valuation for Lithium-Ion Batteries to Prevent…
- KTBA Proposes Solutions to Simplify Sales Tax Return Filing Process
PHILIPPINES
- Philippines Imposes VAT on Digital Service Providers
- Philippines to Implement 12% VAT on Digital Services from 1 February 2025
- Supreme Court Clarifies VAT Refund Claim Deadlines
- Philippines Proposes VAT Exemption for Electricity, Internet
- Philippines Considering VAT Exemption for Electricity, Internet
- Philip Morris Receives Partial VAT Refund Approval from Philippines Court
SINGAPORE
TAIWAN
THAILAND
UZBEKISTAN
- EHF Deadline Tightened: Timely Invoicing Crucial for Tax Compliance
- Taxation Regulations for Pharmaceutical and Healthcare Companies in Uzbekistan by QQS Payment System
- Uzbekistan Implements Customs Duty on Imported Pharmaceuticals
- Uzbekistan to Refund 50% of VAT to Livestock Farmers
VIETNAM
EUROPE
EUROPE
EUROPEAN COURT OF JUSTICE
- Roadtrip through ECJ Cases – Focus on ”VAT Grouping” (Art. 11)
- ECJ/General Court VAT Cases – Pending cases
- Agenda of the ECJ VAT cases – 1 Judgment, 7 AG Opinions, 1 Hearing till March 6, 2025
- Comments on ECJ Case C-368/21: Determining Vehicle Importation Place in EU – VAT & Customs Duty Analysis
- Comments on ECJ case C-331/23: Joint VAT Liability and Importance of Audit in Tax Compliance
EUROPEAN UNION
- Intrastat Thresholds for 2025
- ETAF Recommends Future EU e-Invoicing Strategy
- EU Parliament Debates VAT Reform and Fraud Fight
- AES Transition Extended to December 14, 2025
- EC announces measures for safe and sustainable e-commerce imports
- EU Commission announces actions for safe and sustainable e-commerce imports
- 9 Common Triggers for VAT Registration in the EU
- EU VAT Directive 2006/112/EC applicable per Jan 1, 2025
- EU Import Control System 2 (ICS2) Expansion to Include Rail and Road Transportation from…
- The EU’s Questionable VAT Policy
- Intrastat thresholds 2025
- EU Action Against 8 States on SME VAT Registration Scheme
AUSTRIA
BELGIUM
- New Belgian circular letter on the VAT implications of credit insurance
- Belgian VAT Update: Credit Insurance Implications for Suppliers and Insurers
- Electronic Invoicing in January 2026 and e-Reporting in January 2028
- Belgian VAT Chain: Updated Filing and Payment Deadlines
- Belgian Government Unveils VAT Reform Plans
- VAT Registration and Deregistration Forms Now Online
- Modernization of the VAT Chain: Key Changes and Implementation Timeline
- Belgium Launches VAT Registration E-Filing Service
- Belgian 5th-Corner Transaction Data Reporting Confirmed
- Belgium’s VAT Modernization: Peppol 5-Corner Model Implementation for Real-Time Reporting by 2028
- Belgium Eyeing E-Invoicing Obligations From 2028
- VAT Measures Included in the Federal Government Agreement
- Measures to Impact Climate, Consumption, and Combat Fraud in Indirect Taxes: Agreed VAT and Excise Duty Changes
- Belgium to Implement New CTC E-Reporting Mandate by 2028: What You Need to Know
- Implementation of Digital Services Tax by 2027 without International Consensus: A Possible Scenario
- Federal Coalition Agreement 2025: What Will Change in VAT?
- Belgium 3% DST by 2027
BOSNIA AND HERZEGOVINA
- Bosnia and Herzegovina Mandates E-Invoicing and Real-Time Reporting
- Update in the Republic of Srpska: Amendments to Regulation on Activities for which…
BULGARIA
- Bulgaria Mandates SAF-T Reporting Starting 2026
- Higher VAT will lead to customer outflow and bankruptcies, says BHRA chairman in Veliko Tarnovo.
- Bulgarian Ministry of Finance Releases Updated VAT Act Text as of September 2024
CROATIA
- Croatia’s Fiscalization 2.0: E-Invoicing & Digital Tax Reporting
- Croatia’s Fiscalization 2.0: Mandatory E-Invoicing & VAT System Update
- Croatian Entrepreneurs Urge Uniform VAT Reduction on Food
- Introduction of Fiscalization 2.0 and E-Invoicing in Croatia
CZECH REPUBLIC
- Czech VAT Invoices: Key Points and Pitfalls
- Czech Republic Tax Law: Interest on Interest for Withheld VAT Deductions Explained
DENMARK
ESTONIA
- Estonia Extends VAT Deduction Restriction on Passenger Cars
- Intrastat Updates 2025: Estonia
- Proposal for a Council Implementing Decision Authorising Estonia to Apply Special VAT Derogation Measures
FINLAND
FRANCE
- New French administrative guidelines – Regularisation of incorrectly invoiced…
- French Government Suspends VAT Hike for Micro-Entrepreneurs
- French Accountants Launch Free E-Invoicing Platform for SMEs
- France Free E-Invoicing Platform
- French Government Lowers Micro-Enterprise VAT Threshold
GERMANY
- VAT grouping: Final verdict of the German Federal Fiscal Court in Finanzamt
- German VAT Group: BFH Confirms Intra-Group Transactions Outside VAT Scope
- German Car Dealer Arrested in €5.8 Million VAT Fraud
- E-Invoicing in Germany: FAQs and Key Changes
- Germany SME rules
- Bavaria is to adopt a single point of contact for e-invoicing exchange soon
- Germany’s E-commerce Action Plan is Launched
GREECE
- VAT Code Update: New Bill, Credit Invoices, myDATA & AADE
- VAT e-Charter Permission: 2024 Annual Declaration Deadline
- EU Council Agrees on New VAT Exemption E-Certificate Directive
- MPs Call for Urgent Action on esend-myDATA Data Connection Issues
- VAT Applies to Subsidized Activities: Supreme Court Ruling
- EC Takes Actions Against Greece Over VAT Non-Compliance
- Warning letters in Greece for VAT special regime guidelines for small businesses and contributors.
HUNGARY
- Hungary Tightens Import VAT Deduction Rules in 2025
- Hungary Increases VAT Exemption Threshold to HUF 18 million
ITALY
- Tax Treatment of Cost Reimbursement by Medical Group Associations
- VAT on Streaming Events: New Territoriality Rules for B2C Services
- Italy E-invoicing Schema Update: Key Changes Effective April 1, 2025
- Italy: VAT Exemption for Imported Goods for Testing and Analysis
- VAT Declaration for Pre- and Post-Concordato Operations: Updates on Esterometro
- Cash VAT Option: A Comprehensive Analysis of Conduct
- Overview of Italian VAT reforms
- New Rules for Reporting of Digital Services Tax 2025
- New document type “TD29” for the communication of the so-called “spy self-invoice” to the Italian Tax Authorities
- Transfer Pricing Adjustments Impact VAT When Linked to Specific Supplies
- Expansion of Reverse Charge in Logistics and Transport: Impacts and Opportunities for Businesses
- VAT exemption for imported goods for exams or analysis in Italy: EU directive in force.
- Qualification of Construction Company for VAT Purposes: Only the One Who Completes the Work Matters
- Imports of Examinations, Analyses and Tests: VAT does not Apply
- Business Energy VAT Explained: Rates, Exemptions, and How to Maximize Savings
- Italy Further Extends Pre-Filled VAT Returns Pilot
LATVIA
LIECHTENSTEIN
- Liechtenstein Mandates eVAT Portal for VAT Transactions
- Mandatory use of eVAT portal for VAT transactions from January 2025
LITHUANIA
LUXEMBOURG
MALTA
- Malta VAT Restrictions on Business Meal Expenses
- Updated VAT EXO Number Application Form Available Online Starting February 4, 2025
NETHERLANDS
- Dutch Cabinet Proposes Alternatives to Culture VAT Increase
- Alternatives to VAT Increase on Culture, Media, and Sports Explored
- Alternatives to Abolishing Lower VAT Rate for Culture, Media, and Sports
- Dutch Supreme Court to Rule on VAT Recovery for Notaries
- VAT Supplementary Obligation: New Rules and Penalties
- VAT on Service Charges and Utilities: What’s New?
- Dutch Tax Authorities to Review Live VAT Determination and Split Payments
- Court Upholds VAT Assessment and Penalties for Accounting Errors
- VAT Treatment of Weekend Home Rental Income and Construction Costs
- Court Upholds Taxpayer’s VAT Liability on Car Sale
- Private Equity Fund Denied VAT Deduction: Court Upholds Decision
- Dutch Court Rules: No VAT Exemption for Dental Emergency Service Fees
- Sales price of car to DGA determines VAT levy
- Private Equity Fund not a VAT Taxable Business
- Supreme Court Adheres to the Essentially New-Build Criterion for Renovation
- Amsterdam Court rules on sale of car to director at abnormally low price. Tax implications discussed.
- Investment Fund Structure and VAT Treatment: Case Study and Legal Analysis
- Netherlands Updates Time Limits for Corrective Return
- The Netherlands Welcomes Real-Time Taxation: A Game-Changer for VAT Payments
- Court Ruling: Taxpayer’s Medical Testing Service Exempt from VAT Under Dutch Law
POLAND
- KSeF API Test Environment Restored
- KIS explains how to settle VAT on the sale of developed plots
- A company is not an artist and will not benefit from VAT exemption
- KSEF Test Environment Down: Service Interruption
- VAT Limit: Is It Crushing Small Businesses?
- Poland’s Parliament Passes Bill Expanding VAT Changes and Excise Duty on Nicotine Products
- The National Fiscal Information Explains How to Settle VAT on the Sale of Developed Plots
- VAT exemption for services that allow you to submit a loan application online
- When can VAT be corrected when selling real estate?
- Premature Invoice for Advance Payment: SAC Ruling
- How to document ICPO transactions in the OSS procedure?
PORTUGAL
RUSSIA
- Putin Proposes VAT Exemption for Charity Donations
- Zero VAT for Moscow-St. Petersburg High-Speed Railway Carriers
SERBIA
- Serbia Updates Electronic Invoicing Rules
- Updated User Guide for Electronic VAT Reporting on SEF
- 8th Conference on VAT Electronic ReportingBelgrade, February 4, 2025Ministry of Finance invites representatives to online video conference on February 6, 2025.
SLOVAKIA
- eKasa Reports Temporarily Lack VAT Breakdown
- Slovakia’s Mandatory B2B E-Invoicing: Updates and Roadmap for VAT Compliance by 2027
- Changes in VAT on donated goods: amendment from 2025
SLOVENIA
- Slovenia Mandates VAT Ledger Submissions Starting July 2025
- Slovakia’s VAT Changes: Effective July 1, 2025
- ZDDV-1O: Updated Instructions for Import Procedures
- Slovenia Introduces Monthly VAT Ledger Submission Requirement Starting July 2025
SPAIN
- Spanish Criminal Organization Busted for €184 Million VAT Fraud
- Spain: Sale-Leaseback Transactions Not Subject to VAT
- Spain’s New Intrastat Penalty Regime: Key Changes
- Simplified VAT Regime in Navarra: 2025 Extension
SWITZERLAND
- Reverse Charge Mechanism for Holding Companies: Avoiding Pitfalls
- Swiss VAT Pitfalls for Foreign Companies: Installation & E-Services
- Swiss E-commerce VAT Reform: Marketplace Responsibility and Fairness
- Updated VAT Guide Published by Tax Administration
UKRAINE
- VAT on Internal Transfers Between Branches and Head Office
- Ukraine Exempts Taxes on Vehicles for Military During Conflict
- When are risky VAT payers’ counterparties excluded from the list?
- VAT Payer Data Table Submission Guidelines
- VAT implications for warranty repair services: what about VAT?
UNITED KINGDOM
- Charity’s Studio Space: No Exempt Land Supply, FTT Rules
- VAT Reverse Charge: A Guide for Real Estate Projects
- VAT for Insurance Brokers and MGAs: A Guide to Common Issues
- CIOT Demands Rewriting of Unfair VAT Rules
- UK VAT and Indirect Tax Interest Rates Reduced
- Cheema Construction: VAT Deduction and the Kittel Principle
- New HMRC Guidelines: VAT Exemption for Anaesthesia and Physician Associates in Healthcare Services
- HMRC Guidelines: VAT on Cladding Remediation Work – New Brief and Compliance Guidelines Released
- VAT Recovery Dispute: Sarabande Appeal Upheld Against HMRC Decision on Land Supply
- Guidance on VAT Reporting for Digital Platforms in the UK HMRC Jurisdiction
- Opting to Tax Commercial Property: A Guide to VAT Basics
- Chatbots Failure: Impact on Taxpayers and Advisers Revealed by Recent Reports
- Applying for VAT Partial Exemption Special Method: A Step-by-Step Guide
- Refusal of Late Appeal in Excel Consult Ltd v HMRC: Default Surcharge Case [2025] UKFTT 96
- Changes to VAT on Education and Training Services in UK Private Schools: Updated Notice 701/30
- FTT Appeal Upheld: VAT Recovery Denied and Penalties Removed in Cheema Construction Services Ltd Case
- TOMS and Self-Contained Apartments: The Sonder UT Case – Latest Court Update
- Challenging VAT Default Surcharges: Late Appeal, Reasonable Excuse, and Penalties…
MIDDLE EAST
BAHRAIN
- Bahrain Updates VAT Rules for Retail and Promotional Stands
- 320 Violations Reported from Inspection Visits Conducted by the National Bureau for Revenue (NBR) in 2024
JORDAN
- Jordan’s E-Invoicing Phase 2 Begins April 1, 2025
- Phase 2 of the National E-invoicing System Announced
SAUDI ARABIA
- ZATCA Announces Criteria for Taxpayers in Wave 20 of Integration Phase
- Saudi Arabia Expands E-Invoicing Mandate to 20th Wave of Taxpayers
- 20th Wave of VAT E-Invoicing Integration Announced
- Saudi Arabia announces 20th wave of Phase 2 e-invoicing integration
- ZATCA Determines Criteria for Selecting Taxpayers for 20th Wave of E-Invoicing Integration
- Zakat, Tax and Customs Authority (ZATCA) Conducts Tax and Zakat Workshops
UNITED ARAB EMIRATES
- UAE MOF Seeks Public Input on E-Invoicing
- UAE Launches E-Invoicing Consultation, Seeks Feedback
- UAE Launches Public Consultation on E-Invoicing Data Dictionary
- UAE Adopts 12-Digit Customs Tariff Codes in 2025
- UAE FTA Clarifies VAT Treatment of Cryptocurrency Mining
- UAE FTA Updates VAT Return Error Correction Rules
- UAE e-Invoicing: A New Digital Era for Tax Compliance
- UAE e-Invoicing: A Guide for Businesses
- UAE Launches Public Consultation on E-Invoicing
- UAE Ministry of Finance releases consultation document on eInvoicing
- UAE’s VAT Tweak on B2B Deals in Gold, Diamonds is Just What Market Needed
- UAE VAT Law Changes for Precious Metals Sector: Impact on Prices and Investor Confidence