VATupdate.com Daily Newsletter: July 4, 2024

What happens on July 4 in the world?

July 4, 2024: How did the national holiday originate and why do Americans celebrate it?

---

Join Our VAT Discussion Forum on WhatsApp – Explore, Learn, and Connect!

 

---

Headlines July 4, 2024

• 3 pillars: The three essential elements of e-invoicing and e-invoice
• Belgium – Parliamentary question on Fixed Establishments (Dec 2023)
• Malaysia MyInvois e-invoicing Aug 2024: threshold for small businesses
• Poland 2024 eInvoicing Country Sheet
• Saudi Tax Authority Announces Criteria for Thirteenth Wave of VAT E-Invoicing Integration

Events today:

• Conference European Commission: Annual Report on Taxation Event 2024

---

• VATupdate Newsletter Week 26 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 June 2024
  • E-Invoicing & E-Reporting developments in the news in week 26/2024
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 4 Judgments, 1 Hearing announced till July 17, 2024
  • 1013 ECJ VAT Cases are now available on www.VATupdate.com
• VAT Rates
  • June 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

---

BELGIUM

• Parliamentary question on Fixed Establishments (Dec 2023)
• Belgium VAT Notification Requirement: Changes for Mixed and Partial Taxpayers Explained

BRAZIL

• Brazilian Federal Revenue Office releases updated version of ICMS and IPI digital accounting program.

EUROPEAN UNION

• Conference European Commission: Annual Report on Taxation Event 2024

EUROPEAN UNION – ROMANIA

• New ECJ VAT Case C-462/24 (Braila Winds)

FIJI

• Fijian Ministry of Economy Implements New Tax Measures for VAT Compliance
• Fijian Ministry of Economy Introduces Bills to Strengthen VAT Enforcement and Compliance

FINLAND

• Finnish President Signs Laws Amending VAT and Taxation Acts with New Compliance Measures

GERMANY

• VAT proposals in draft bill for Annual Tax Act 2024
• Application of Reduced Tax Rate to “Dinner-Show” within Time Limits of § 12 Abs. 2 Nr. 15 UStG

GREECE

• The Tragicomic Locking of VAT Declaration: A Taxing Tale of Absurdity

HUNGARY

• Changes in VAT registration obligations for event organizers in Hungary from 2025.

INDIA

• Govt may discontinue monthly GST releases; shorter statement on the cards
• CBIC Instruction on (MOOWR) Warehouse to Warehouse Transfer

ITALY

• Italian Supreme Court Limits 10% VAT Rate for Thermal Energy to Residential Use

KENYA

• Raising VAT to 18%: A Solution to Kenya’s Budget Deficit and Export Friction

MADAGASCAR

• Madagascar plans mandatory e-invoicing for all taxpayers

MALAYSIA

• Malaysia MyInvois e-invoicing Aug 2024: threshold for small businesses

NETHERLANDS

• Public Prosecutor demands 28 months in prison and 1.25 million euro fine for VAT fraud in automotive sector

NORWAY

• Norwegian Ministry of Finance Consultation on Digital Platform Disclosure Obligations for Rental and Sales

PAKISTAN

• Finance Act 2024: Extended Tax Incentives for Hybrid Electric Vehicles Promote Sustainability and Local Manufacturing
• Finance Act, 2024: Gold Import Sales Tax Exemption Boosts Economy and Jewelry Industry
• SSGC Sales Tax Return Woes: Bureaucratic Nightmare Disrupts Supply Chain

PHILIPPINES

• Philippines Lawmakers Approve Bill Taxing Foreign Digital Services to Boost Local Industry

POLAND

• Get an EX number and you will be VAT free
• Poland 2024 eInvoicing Country Sheet
• Selling a Car Bought from Leasing: When and How to Settle VAT?

ROMANIA

• Romania Extends National E-Invoicing System Requirements to B2C Transactions

RUSSIA

• New VAT Regulations for EAEU Sellers in Russia Effective July 1, 2024

SAUDI ARABIA

• Saudi Arabia Extends Tax Amnesty Initiative for VAT and Excise Tax Violations until 2024
• Saudi Tax Authority Announces Criteria for Thirteenth Wave of VAT E-Invoicing Integration

SOUTH KOREA

• Extension of Reduced Consumption Tax Rates for Petroleum Products in South Korea.

TURKEY

• Announcement Published Regarding Changes in Deductible VAT List

UKRAINE

• Taxation of supply and import of medicines and medical devices under VAT in Ukraine.
• Corrected buyer’s TIN in VAT declaration: should such operation be indicated in the declaration?

UNITED KINGDOM

• HMRC Customer Service Criticized by NAO: A Scathing Report on Performance and Efficiency
• HMRC Crackdown on Overseas Businesses Selling Digital Services to UK Customers
• Updated HMRC Form for Overseas Businesses Claiming VAT Incurred in the UK: What You Need to Know
• Understanding VAT Exemptions in Education: What Qualifies and What Doesn’t

UNITED STATES

• California Sales and Use Tax Bad Debt Deduction Changes Effective January 1, 2025

VIETNAM

• Vietnam Extends VAT Rate Reduction for Second Half of 2024

WORLD

• VATupdate.com Daily Newsletter: July 3, 2024
• Sales Tax Audits: A Comprehensive Guide
• 3 pillars: The three essential elements of e-invoicing and e-invoice

---

Don’t miss any VAT and other indirect tax news ….

• Visit our website www.vatupdate.com
• Use our search function on any term, per country, select a tag or a period
• Follow us on Linkedin

---

Recent daily newsletters

• VATupdate.com Daily Newsletter: July 3, 2024
• VATupdate.com Daily Newsletter: July 2, 2024
• VATupdate.com Daily Newsletter: July 1, 2024
• VATupdate.com Daily Newsletter: June 29, 2024
• VATupdate.com Daily Newsletter: June 27 2024
• VATupdate.com Daily Newsletter: June 26 2024
• VATupdate.com Daily Newsletter: June 24 2024
• VATupdate.com Daily Newsletter: June 22 2024
• VATupdate.com Daily Newsletter: June 21 2024
• VATupdate.com Daily Newsletter: June 20 2024
• VATupdate.com Daily Newsletter: June 19 2024
• VATupdate.com Daily Newsletter: June 17 2024
• VATupdate.com Daily Newsletter: June 14 2024
• VATupdate.com Daily Newsletter: June 12 2024
• VATupdate.com Daily Newsletter: June 11 2024
• VATupdate.com Daily Newsletter: June 10 2024
• VATupdate.com Daily Newsletter: June 8 2024
• VATupdate.com Daily Newsletter: June 6 2024
• VATupdate.com Daily Newsletter: June 4 2024
• VATupdate.com Daily Newsletter: June 3, 2024
• VATupdate.com Daily Newsletter: June 1, 2024