VATupdate.com Daily Newsletter: May 13, 2024

What happened on May 13 in the world?

• 1830: The Republic of Ecuador was founded, with Juan Jose Flores as its president

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Headlines May 13, 2024

• Italy – Proposal: Plastic Tax would be postponed from 1st July 2024 to 1st July 2026
• EU Court rules share issuance value as VAT base for in-kind contributions
• Updated ViDA Proposal by EU
• Norway – Case: Claim for refund of incorrectly charged VAT
• EU/UK – Import VAT Recovery: Importance of Ownership in Customs Talks and Compliance

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• VATupdate Newsletter Week 18 2024
• E-Invoicing
  • 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 April 2024
  • E-Invoicing & E-Reporting developments in the news in week 18/2024
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 5 AG Opinions announced till June 6, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in April 2024 – ECJ seems to have booked a front-row seat for the “Busy Month Club”
• VAT Rates
  • April 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

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• Four Tips to Ensure Your EDI Integration Project is a Success

AUSTRALIA

• Draft Legislation Consultation on GST Treatment of Motor Vehicle Supplies Closing June 6, 2024

AUSTRIA

• Draft Tax Amendment Act: Small business, increase VAT registration threshold, simplified invoicing, donations

BELIZE

• Belize Tax Agency Clarifies GST Exemption for Zero-Rated Services to Nonresidents

BRAZIL

• Ministry of Finance submits draft legislation on VAT reform to Chamber of Deputies

CANADA

• British Columbia Sales Tax Changes: Impact on Digital Products and Services Retroactively from 2013

COLOMBIA

• Tax Authority Imposes Single-Use Plastics Tax on Exported Products

DENMARK

• Calculation of VAT refund for foreign insurance company with fixed establishment – Supreme Court ruling

EUROPEAN UNION

• Updated ViDA Proposal by EU
• EORI-Economic Operators Registration and Identification number
• Ultimate Guide to EU VAT Compliance for Amazon FBA Sellers
• Mastering EU VAT Pricing: Expert Tips for eCommerce

EUROPEAN UNION/ POLAND

• EU Court rules share issuance value as VAT base for in-kind contributions

EUROPEAN UNION/ UNITED KINGDOM

• Import VAT Recovery: Importance of Ownership in Customs Talks and Compliance

FINLAND

• Finland’s VAT Rate Increase
• Proposed Changes to Finnish VAT rates

GERMANY

• Current tax administration views on input tax deduction and incorrect tax disclosure under § 14c UStG

GHANA

• E-VAT Rollout Progressing as Planned, Expected to Boost Revenue Collection

GREECE

• Updated ViDA Proposal by EU
• Tax Treatment of Emissions Trading Rights

INDIA

• Supreme Court: GST Officers Need Verifiable Material, Not Just Suspicion, for Arrests
• After 7-year wait, GST Appellate Tribunal may finally be operational soon
• Industry Awaits GST Rate Rationalization in Budget FY 2025
• Long-awaited GST Appellate Tribunal set to be operational with appointment of first president
• Pharma Sector Likely to Receive GST Relief: Major Update Expected from GST Council

ITALY

• Proposal: Plastic Tax would be postponed from 1st July 2024 to 1st July 2026

MALAYSIA

• LHDN Launches New E-Invoice SDK for Malaysia’s E-Invoicing Mandate

NETHERLANDS

• AG Wattel advises Supreme Court about refusal of VAT zero rate and penalties for involvement in VAT fraud/fair trial issues
• Arnhem-Leeuwarden Court: Majority of parcels constitute building plot and is not VAT exempt

NEW ZEALAND

• Singapore and New Zealand Prime Ministers Sign eInvoicing Agreement for Business Collaboration

NORWAY

• Case: Claim for refund of incorrectly charged VAT

PAKISTAN

• Aurangzeb Urges FBR to Crack Down on Sales Tax Fraud

POLAND

• Ruling: Transfer of Real Estate to Company Partners
• Individuals can benefit from the protective function of VAT rulings
• Ruling: No right to reclaim VAT on renovation invoices with EU funding
• Ruling: VAT Settlement by Municipality for Home Sewage Treatment Plants
• Ruling: VAT on Execution Sale of Real Estate
• Ruling: Sale of Car under VAT Margin Procedure

SINGAPORE

• Singapore 2025 E-Invoicing Mandate Timeline: IRAS Implements InvoiceNow for GST-Registered Businesses

SPAIN

• Taxation of Dental Aligner Deliveries from Another EU Member State to Dentist
• Taxi Electric Recharges at Home: Tax Deduction Guidelines for Business Use
• Boat Excursions with Diving and Water Sports
• Taxation of self-consumption of goods acquired from a private individual without VAT taxation

THAILAND

• Thailand to Impose 7% VAT on Imported Goods Valued Below THB 1500

UKRAINE

• Webinar on Negative VAT Transfer in Tax Declaration for Kyiv Taxpayers on May 14, 2024.
• VAT exemption for medicines and medical products: new guidelines from Ministry of Finance

UNITED KINGDOM

• HMRC Guidance UK Trade Tariff: relief from customs and excise duties and VAT
• HMRC Announces Taxable Treatment for Voluntary Carbon Credits from September 2024

UNITED STATES

• Texas: Letter Ruling Addresses Taxability of Various Website Design, Development, and Ad Services
• California’s next bad idea: Another digital ad tax proposal
• South Dakota: Taxpayer Asks US Supreme Court if Use Tax Imposition on Equipment’s One-Day Use In-State is Constitutional
• Michigan Senate Passes Bill to Extend Tax Breaks for Data Centers

WORLD

• PE Watch | Latest developments and trends, May 2024
• VATupdate.com Daily Newsletter: May 11, 2024

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