VATupdate.com Daily Newsletter: March 30 & 31, 2024

What happens today – World Health Day: Focused on promoting health and well-being worldwide, addressing health issues, and advocating for universal healthcare access.

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Headlines March 30 & 31, 2024

• VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
• This is what happened in the ECJ (VAT) in March 2024 – Clean-up time, 2 Orders, 2 Cases Removed
• France Delays Compliance Date for Micro and Medium Taxpayers
• Sweden Tax Agency Clarifies VAT Rules for Non-Fungible Tokens with Digital Works
• Namibia’s VAT Efficiency Boosted Through E-Invoicing: A Leap Towards Modernization

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• VATupdate Newsletter Week 12 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 12/2024
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in February 2024
  • Worldwide Changes to E-Invoicing/E-Reporting per January 1, 2024
• ECJ
  • ECJ VAT Cases decided in 2024
  • ECJ VAT cases decided in 2023 incl. Case # and name, Articles discussed, Topic, Questions and Decision
  • Agenda of the ECJ VAT cases – 4 Judgments, 2 AG Opinions announced till April 25, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in February 2024 – ECJ continues to deal with the weakly defined concepts in the EU VAT Directive
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in February 2024
  • Global Upcoming VAT Rate changes – Chronological

 

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BELGIUM

• 2026: Mandatory Structured e-Invoicing for B2B Transactions in Belgium
• Submit 2023 BTW customer listings by March 31, 2024 – FOD guidelines and exceptions.

CHILE

• Chilean Tax Agency Clarifies VAT Exemption for Individual Entrepreneurs in Recent Letter

CROATIA

• Croatia extends heating VAT cut till March 2025

CYPRUS

• Cyprus: End of Reduced Fuel Taxes and VAT Subsidies on Select Products

EUROPEAN UNION

• This is what happened in the ECJ (VAT) in March 2024 – Clean-up time, 2 Orders, 2 Cases Removed

FRANCE

• France Delays Compliance Date for Micro and Medium Taxpayers

GREECE

• Penalties for non-submission and late submission on myDATA platform until March 30, 2024.
• Publication of List of Gold Coins Meeting Investment Criteria for 2024 by Customs Authorities

INDIA

• Revenue Department is not empowered to seize Cash under GST

ITALY

• Alignment of insurance tax assessment terms with VAT: implications for late declarations.
• Analysis of 2024 Budget Law changes on VAT by Assonime: Circular n. 8 review.
• Possible Conditional VAT Exemption for Aesthetic Medicine: Assonime’s Commentary on Latest Regulatory Updates
• VAT exemption for accredited legal training courses by National Forensic Council.

LAOS

• Laos Implements VAT on Cross-Border Digital Services Effective August 2024

MALAYSIA

• The Future of Financial Transactions: Adopting e-Invoicing in Malaysia

NAMIBIA

• Namibia’s VAT Efficiency Boosted Through E-Invoicing: A Leap Towards Modernization

PAKISTAN

• FBR Introduces Stricter Conditions for Exporters to Access Tax Concessions Under New Scheme

PERU

• Peru Approves List of Entities Exempt from Sales Tax Collection: Bloomberg Tax Report

ROMANIA

• Romania Extends E-Invoicing Fines Deadline to June 2024: Impact and Timeline
• Romania’s E-Invoicing Mandate: Extended Grace Period Eases Compliance Pressure

SOUTH KOREA

• South Korean National Assembly considers Bill to reduce consumption tax on new vehicles

SWEDEN

• Sweden Tax Agency Clarifies VAT Rules for Non-Fungible Tokens with Digital Works

TAIWAN

• Prohibition on Interchange or Borrowing of Uniform Invoices for Branch Offices to Avoid Penalties

UKRAINE

• Common Mistakes Made by VAT Payers When Filling Data Tables: A Guide from Cherkasy Tax Office
• Taxation of Medical Services: Exemptions from VAT Reminder by Tax Authorities
• Ukraine Implements Lower VAT Rate for Select Medications
• Unified Mechanism for Reflecting VAT Amount in Tax Declaration: Guidelines and Procedures.

UNITED STATES

• California Senator Proposes Digital Advertising Tax Law to Tap into Internet Company Revenue

WORLD

• VATupdate.com Daily Newsletter: March 28 & 29, 2024
• VATupdate. com: Noteworthy VAT Updates and Rate Changes in March 2024

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