VATupdate.com Daily Newsletter: May 17, 2024

What happens on May 17 in the world?

• World Telecommunication and Information Society Day: Recognized globally on May 17, this day highlights the importance of communication technologies and their impact on society

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Headlines May 17, 2024

• ECJ C-171/23 (UP CAFFE d.o.o) – AG Opinion – Abusive Practices and Small Business Exemptions
• ECJ C-184/23 (Finanzamt T) – AG Opinion – Supplies within VAT group are outside scope of VAT even if input VAT is limited
• ECJ C-746/22 (Slovenske Energeticke Strojarne) – Judgment – A one-month period for providing additional information is not considered a limitation period
• EU’s ViDA Reforms: Impact on Businesses and Key Proposals Explained
• Australian government announces funds to enhance e-invoicing

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• VATupdate Newsletter Week 19 2024
• 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 April 2024
  • E-Invoicing & E-Reporting developments in the news in week 19/2024 – It’s all about ViDA
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 3 Judgments, 5 AG Opinions announced till June 13, 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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AUSTRALIA

• Australian government announces funds to enhance e-invoicing

AUSTRIA

• Austria MOF Ruling about Hobbies

BANGLADESH

• Customs Prearrival Processing Rules 2024: Clarification on Timeframe and Documentation Required
• New SRO exempts advance tax on raw material imports for computer manufacturers.

BRAZIL

• Brazil VAT Reform 2026: Implications for Non-Resident Digital Service Providers & Platforms

BULGARIA

• Bulgaria Extends 0% VAT Rate for Bread and Flour Until December 31, 2024
• Bulgaria’s 0% VAT on Bread and Flour Extended Until 2024

CANADA

• Navigating Federal and Provincial Taxes: Key Differences for Toronto Residents

CHINA

• Overview of China’s New Customs Law: Changes, Implications, and Compliance Strategies
• VAT Legislation and Reform: Impact on Local Finance and Economic Development

CYPRUS

• Cyprus Extends 0% VAT on Food and Hygiene Products Until June 2024

CZECH REPUBLIC

• SAC Verdict Upholds Interest Rate on Retained VAT Deduction: Closing Chapter on Case Law

DENMARK

• Tax Exemption for Genetic Tests and Screenings: Skatterådet Ruling

ECJ

• ECJ C-171/23 (UP CAFFE d.o.o) – AG Opinion – Abusive Practices and Small Business Exemptions
• VAT Grouping and Intragroup Transactions: A Critical Analysis of Case C-269/20 (Finanzamt T-I)
• ECJ C-184/23 (Finanzamt T) – AG Opinion – Supplies within VAT group are outside scope of VAT even if input VAT is limited
• ECJ C-746/22 (Slovenske Energeticke Strojarne) – Judgment – A one-month period for providing additional information is not considered a limitation period

EUROPEAN UNION

• ECOFIN Council Fails to Approve ViDA Package Due to Disagreement on Deemed Supplier Rules
• Estonia’s Veto on EU’s VAT Reform in Digital Age Sparks International Debate
• EU ViDA Platform Economy: Deemed Supplier for VAT on Ride & Accommodation Transactions by July 2027
• Belgian push for updated ViDA European VAT reforms fails, but compromise on horizon
• Enhancing Customs Value Decisions: EU Regulations 2024/1072 and 2024/1071 for Clarity and Efficiency
• EU Commission Imposes Definitive Antidumping Duties on Certain PET Imports from China to Protect EU Industry and Jobs
• EU Member States Struggle to Agree on VAT in the Digital Age Proposal
• EU Tax Reforms: Progress on Withholding Tax, Setback on VAT Update due to Estonian Veto
• EU’s ViDA Reforms: Impact on Businesses and Key Proposals Explained
• European Commission: VAT and Administrative Cooperation
• New EU VAT Rules for Virtual Events Effective January 1, 2025
• Unified Origin Country: Changes in Completing EUR.1/EUR-MED Certificates Recommended by European Commission
• Updates and Transition Rules for Referencing Previous Export Transactions in NCTS Procedure
• VAT in the Digital Age: Challenges and Opportunities for Taxation in the Digital Era
• ViDA – EU VAT reform without consensus: What’s next for digital age taxation?
• ViDA Reform Stalls at ECOFIN Council: Estonia’s Objection to ‘Deemed Supplier’ Rules Creates Impasse

EUROPEAN UNION/ MOLDOVA

• EU Extends Tax Relief for Moldova to Boost Trade Relations (May 16, 2024)

EUROPEAN UNION/ NEW ZEALAND

• EU and New Zealand Free Trade Agreement Comes into Effect

EUROPEAN UNION/ POLAND

• Hopes fading for VAT recovery after ECJ ruling

FINLAND

• Removal of VAT lower threshold relief opens up opportunities for internationally operating small businesses

FRANCE

• On-Site Instruction Procedure for VAT Credit Refund Requests: Guidelines and Compliance Measures
• Reduced VAT Rate of 5.5% for Equestrian Activities Effective January 1, 2024
• Simplified VAT One-Stop-Shop for EU E-commerce
• VAT Deduction Rights: Exercise and Refund Procedures – A Comprehensive Guide

GERMANY

• Centralised Clearance for Import: Streamlining Import Customs Processing for Businesses in the EU
• Digital Transmission of Business Tax Assessments via ELSTER to Support Municipal Digitalization
• German Ministry of Finance Urges Immediate Action on Online Services: VAT Implications and Regulations

GHANA

• Ghana Revenue Authority’s E-VAT Journey: Pilot to Full Implementation Success Story
• VAT Exemption on Healthcare Items: Boosting Quality Medical Care in Ghana

INDIA

• ITC Unavailable for Constructing Immovable Property for Commercial Renting: Tamil Nadu AAR Ruling
• Now GST payment facility, through UPI and Debit card/Credit card, is also available in Jammu & Kashmir
• Pune GST Intelligence Busts Rs 145 Crore Multi-State Fake Tax Credit Scam

INDONESIA

• Potential Economic Setback: Apindo Warns Against VAT Increase in 2025

ISRAEL

• Israel to Raise VAT Rate to 18% in 2025: Impact on Consumers, Businesses, and Government

ITALY

• Italian VAT Fraud: 11 Arrests, €25 Million Seized in Electronic Goods Scheme
• New Procedure for Customs Technical Assessment to Determine VAT Rate: Important Updates for 2024 Tax Declarations

KENYA

• Impact of Proposed VAT on Banking Services on Kenya’s Economy: Concerns and Consequences
• Kenyan National Assembly Considers Finance Bill 2024 with Electronic Invoicing Amendments

LITHUANIA

• Lithuania proposes reinstating reduced VAT rate for catering and takeaway food from July 2024.
• Lithuania Tax Agency Updates Commentary on Preferential VAT Rate for Passenger Transportation Services

MALAYSIA

• E-Invoicing Revolution: Malaysia’s Transition to Digital Transactions by August 2024

NETHERLANDS

• Dutch VAT Hike: Concerns Over Impact on Books, Concerts, and Theater Tickets
• Medical company directors reclaim millions in overpaid VAT, deemed non-entrepreneurs by tax authorities
• Netherlands to Increase VAT Rates for Accommodation and Cultural Services in 2026
• VAT on swimming pool entry subject to reduced rate – Amsterdam Court

NORWAY

• Norway Tax Agency: Repayment Claims for Incorrectly Charged VAT Clarified by Tax Appeals Board

PAKISTAN

• Amendments to Customs Rules 2001 by Federal Board of Revenue Notification SR.O. 61/2024

PHILIPPINES

• Philippine Senate Approves 12% VAT on Foreign Online Marketplaces to Boost Revenue Collection

POLAND

• General Ruling on VAT Taxation of Local Government Activities in Compliance with CJEU Judgments
• Mandatory e-Invoicing System (KSeF) Shifted to February 1, 2026: Updates and Legislative Changes
• Medical packages for employees: VAT rules for purchase and resale
• Renting an apartment cheaper with VAT exemption – conditions to meet for residential and commercial leases
• VAT Deduction for Employee Purchases

PUERTO RICO

• Puerto Rico Grants SUT Exemption for Hurricane Prep: Circular Letter

SLOVAKIA

• Slovakia Considers Temporarily Lowering VAT Rate for Gasoline and Diesel Fuels to 8%

SPAIN

• Spanish Tax Agency Investigates 400 Gas Stations for VAT Fraud in ‘Operation Fuel’
• Tax Agency investigates over 400 gas stations for VAT fraud in ‘Fuel’ operation.

SWEDEN

• Reviewing Rental VAT and Adjustment Rules: A Step Towards Modernization and Efficiency.

SWITZERLAND

• Key Considerations for Public Authorities and NGOs in Light of Upcoming VAT Changes
• Swiss VAT Law Revision 2025: Changes for Government, Public Services, and NGOs Explained

TAIWAN

• Taipei Customs to Offer 24/7 Clearance Services During Dragon Boat Festival

UNITED KINGDOM

• HMRC Guidance: Pay the VAT due on your One Stop Shop VAT Return
• Late Appeal Against Penalties for Underpaid VAT: Caton v Revenue and Customs

UNITED STATES

• Benefits of Streamlined Sales Tax for Your Business: Simplifying Compliance and Reducing Costs
• Colorado Enacts Temporary Reduction in State Sales Tax Rates for Large Revenue Surpluses
• Effective Strategies for Managing US Sales Tax Exemption Certificates: A Comprehensive Guide
• Questions Raised About Increasing NJ Sales Tax to 7% Amid Stable State Revenues
• Understanding Sales Tax on Services in Wyoming
• Understanding Texas Sales Tax Exemptions: Sale-for-Resale Rules and Complexities

UZBEKISTAN

• Uzbekistan’s VAT-Free Import of Precious Stones for Jewellery Boosts Industry Development

WORLD

• How to treat expenses recovered from customers? Is it a reimbursement or disbursement?
• VATupdate.com Daily Newsletter: May 16 2024

ZAMBIA

• Mandatory Electronic Invoicing in Zambia: Smart Invoice Implementation

ZIMBABWE

• Modernizing Tax Control: Virtual Fiscalization Solution for Businesses in Zimbabwe

 

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