VATupdate.com Daily Newsletter: February 19, 2024

Headlines February 19, 2024

• VATupdate Newsletter Week 7 2024
• Belgium – Understanding Belgium’s E-Invoicing Rules: Obligations, Compliance, and Implementation from January 1st, 2026
• EU – New measures to fight VAT fraud on online sales
• Morocco VAT on B2C digital services 2024
• Middle East – Navigating VAT and Customs Implications Amidst the Middle East Shopping Evolution

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• VATupdate Newsletter Week 6 2024
• E-Invoicing
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
  • E-Invoicing & E-Reporting developments in the news in week 7/2024
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2024
  • Worldwide Changes to E-Invoicing/E-Reporting per January 1, 2024
• ECJ
  • ECJ VAT cases decided in 2023 incl. Case # and name, Articles discussed, Topic, Questions and Decision
  • Agenda of the ECJ VAT cases – 5 Judgments, 1 Hearing announced till March 7, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in January 2024
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in January 2024
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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BELGIUM

• Understanding Belgium’s E-Invoicing Rules: Obligations, Compliance, and Implementation from January 1st, 2026

BRAZIL

• Brazilian VAT Reform: Simplifying Taxation for Businesses and Investors

CZECH REPUBLIC

• As VAT hikes up bottled water prices, Czechia taps into a cheaper alternative
• Competition authority outlines conditions for reducing fines by up to 10% on account of internal compliance programs

EL SALVADOR

• El Salvador Ministry of Finance Announces Late Tax Payment Interest Rates for 2024 Period

EUROPEAN UNION

• New measures to fight VAT fraud on online sales
• New phase of EU Excise Movement and Control System (EMCS) allows for interoperability with export systems
• New Regulations for Crypto and E-money Information Exchange (DAC8) – Impact and Implications

EUROPEAN UNION/ ITALY

• Italy: Four Arrested in €10 Million VAT Fraud Case Involving Tyres – EPPO Investigation

EUROPEAN UNION/ PORTUGAL

• ECJ Ruling: Portuguese VAT Rules for Used Vehicles Sales Clarified by European Court

EUROPEAN UNION/ SWEDEN

• New ECJ VAT Case C-125/24 Palmstråle

FRANCE

• France Updates VAT Rules for NFTs in Administrative Doctrine

GERMANY

• Input VAT adjustment pursuant to sec. 17 UStG in a three-person relationship as a debtor-in-possession liability – BFH judgment
• Reduced VAT rate for supply of works of art by creator or his successor in title
• Revocation of permission for actual taxation due to abuse – Input tax deduction entitlement of the recipient
• Supreme Tax Court rules on reduced VAT rate for supply of art by creator

GREECE

• IAPR issues DAC 7 circular on digital platform operators’ registration process

INDIA

• Interest of 15% is allowed on delayed refund of deemed export duty drawback

ITALY

• Important deadlines for VAT declaration and LIPE submission in February and April 2024
• Navigating the New Era of VAT Filing in Italy: 2024 Updates and Enhancements
• Updates on VAT law in Budget 2024, Advance Decree, and Infringement Decree by Tax Lawyer

JAPAN

• OECD Secretary-General Mathias Cormann: Increasing consumption tax in small increments efficient way to raise revenue

KAZAKHSTAN

• Kazakhstan: Plans to Raise VAT Rate Abandoned

KENYA

• Navigating VAT Impact on Insurance Premiums and Business Operations

LATVIA

• Latvia Tax Agency FAQs: Reporting Cross-Border Payments, Registration, Submission, and More

LITHUANIA

• Lithuania Implements EU Directive on Reporting for Cross-Border Payment Service Providers
• Lithuania Tax Agency: VAT Rate for Catering Services and Takeaway Food to Expire

MALAYSIA

• Malaysia Updates E-Invoicing Guidelines and Releases Software Development Kit

MALTA

• Malta’s Guidelines on 12% VAT Rate for Care of Human Body and Credit Management

MIDDLE EAST

• Navigating VAT and Customs Implications Amidst the Middle East Shopping Evolution

MOROCCO

• Morocco VAT on B2C digital services 2024

NETHERLANDS

• Membership fees association not taxed due to lack of direct connection to the organization of events
• New policy on VAT for service charges from 2024
• No higher input tax deduction for educational institutions
• No reduced VAT rate for all orthopaedic made-to-measure footbeds
• Option taxed rental is not ‘transferable’
• Option to tax rental does not transfer to new tenant

PAKISTAN

• FBR Mandates Sales Tax Registration for Specific Categories in 2024

PHILIPPINES

• Cross-border transactions subject to tax

POLAND

• Binding VAT rate decision on Chlorella – 23% VAT Rate
• First Consultation Meetings for KSeF
• Plastic Packaging Tax: VAT Implications for Businesses
• Poland to see regulation on beauty industry’s VAT reduction issued in Marc
• Ruling: Incorrect Tax Interpretation of Leasing a Trademark by an Individual
• Ruling: VAT on the sale of real estate by an individual
• VAT and Flat-Rate Taxation on Sale of Residential Building in Developer’s Condition
• Will the introduction of KSeF reduce the number of verification activities?

RUSSIA

• Determining Salary Levels for VAT Exemption in Catering Organizations with Separate Divisions
• When to Reclaim VAT from Advance Payment: Shipment and Receipt in Different Quarters

SLOVENIA

• Slovenia Tax Agency: VAT Return Filing Requirements and Penalties Clarified

SOUTH AFRICA

• Debate on South Africa’s VAT Hike: Experts Split on Economic Impact and Social Equity
• South Africa Tax Court Rules Against Input VAT Deductions for Mixed-Supply Entities

SPAIN

• Rules relating to obligations of digital platform operators approved
• VAT Exemption for Self-Built Homes Sold for Personal Use

SWEDEN

• Swedish Fiscalization Requirements: A Guide to Compliance and Data Encryption

SWITZERLAND

• Upcoming VAT changes: Understanding the impact of new e-commerce rules

THAILAND

• Authorities Crack Down on Fake VAT Invoice Gangs, Causing B100m in Damage
• VAT hikes just a Band-Aid

UNITED ARAB EMIRATES

• UAE Ministry of Finance announces mandatory B2B & B2G e-invoicing in 2026

UNITED KINGDOM

• Passion Incorporated Ltd v Revenue And Customs: VAT Disallowance Appeal [2024] UKFTT 122 (TC)
• UK Business Lobby Calls for Budget Review of VAT Threshold to Stimulate Growth.
• Urgent Call for VAT Cut to Save Independent Hospitality Businesses in the UK

UNITED STATES

• Iowa: Rule Changes Address Sourcing Sales of Digital Products and Remote and Marketplace Sales
• Louisiana Appellate Court Says Store Can’t Claim Bad-Debt Refunds on Sales from Store-Branded Credit Cards
• S. and European Countries Extend Agreement on Transition from Digital Services Taxes

WEBINAR/EVENT

• Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
• RTC – 2024 Tax Compliance Virtual Symposium | European e-Invoicing Journey (Feb 29, 2024)

WORLD

• Interested in advertizing and/or sponsoring www.vatupdate.com? It starts as of 2.75 EUR/day ….
• VATupdate Newsletter Week 7 2024
• VATupdate.com Daily Newsletter: February 17 & 18, 2024

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