VATupdate.com Daily Newsletter: July 9, 2024

What happens on July 9 in the world?

South Sudan: Observes Independence Day, celebrating its separation from Sudan in 2011

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Headlines July 9, 2024

• VATupdate Newsletter Week 27 2024
• Canada 3% Digital Services Tax passed retrospectively Jan 2022
• Agenda of the ECJ VAT cases – 2 Judgments, 1 Hearing announced till July 29, 2024
• Waiting for ViDA: Modernizing VAT for the Digital Age
• Germany – Updated specifications of XRechnung (3.0.2) and XBestellung (1.0) in Germany
• Portugal to introduce VAT Groups
• Understanding Debit Notes and Credit Notes under VAT

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• VATupdate Newsletter Week 27 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 27/2024
  • E-Invoicing heatmap for Europe
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 1 Hearing announced till July 29, 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

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ADVERTISING

• How to Achieve B2B Process Automation Success

AUSTRIA

• The Future of E-Invoicing in Austria: Embracing Digital Transformation for Business and Government

BELGIUM

• EU VAT GUIDE – Belgium

BULGARIA

• Bulgaria Extends 0% VAT Rate on Bread and Flour to Support Consumers’ Economic Well-being

CANADA

• Canada 3% Digital Services Tax passed retrospectively Jan 2022

CZECH REPUBLIC

• Understanding Reverse Charge and OSS: Simplifying VAT for Cross-Border Trade in the EU

DENMARK

• Denmark’s Supreme Court Decision: VAT Abuse in Intragroup Transactions and Implications for Companies
• Taxable Charges for Damages and Maintenance in Car Leasing Agreements

ETHIOPIA

• Ethiopia issues directive to review list of goods exempt from VAT

EUROPEAN UNION

• Agenda of the ECJ VAT cases – 2 Judgments, 1 Hearing announced till July 29, 2024
• Centralised clearance for import from July 1, 2024 – Commission Implementing Decision (EU) n. 2023/2879
• Comments on ECJ C-179/23: Collecting society provides a service within the meaning of the VAT Directive
• Waiting for ViDA: Modernizing VAT for the Digital Age
• New ECJ VAT Case C-472/24 (Žaidimų valiuta)

EUROPEAN UNION/ TURKEY

• EU and Türkiye hold their first High-Level Dialogue on Trade

GERMANY

• Restrictions on Reduced Taxation of Accommodation Services: EU Law Implications and Challenges
• Updated specifications of XRechnung (3.0.2) and XBestellung (1.0) in Germany
• VAT Liability for Ship Broker Commissions: BFH Ruling on 18.1.2024 – V R 4/22

GREECE

• 2024 Greece 2024 eInvoicing Country Sheet
• CESOP and VAT Fraud: Key Regulations 2020/283 and 2022/1504 – July 8, 2024 – Economic News
• Combatting VAT fraud: Sharing Regulations 2020/283 and 2022/1504 for CESOP Implementation

INDIA

• GST payment facility through UPI, Credit card and Debit card also available in West Bengal
• Weekly GST Communique dated July 08, 2024

ITALY

• Determining VAT Taxable Base for Real Estate Contributions: Issue Price of Shares Considered
• Italian Supreme Court Questions Constitutionality of Import VAT Confiscation in Simple Smuggling Cases

KAZAKHSTAN

• E-invoicing and electronic document exchange in Kazakhstan

NETHERLANDS

• Court rules no new building created despite significant investment in office buildingJuly 8, 2024
• Director arrested for suspected VAT refund fraud of over half a million euros.
• No Reduced VAT Rate for Online Sports Services: Court Ruling in The Hague

PAKISTAN

• Pakistan Customs Commits to Expedited Clearance Process for Business Growth

POLAND

• E-Invoicing in Poland
• Ministry of Finance adjusts JPK_VAT deadlines for KSeF implementation by July 8, 2024
• NSA Ruling on VAT in Developer Agreement Assignment: Who Pays More?
• The role of E-Invoicing in the digital transformation of organisations
• VAT on Commission for Collection and Distribution of Reprographic Fees: EU Court Ruling Impacts Poland

PORTUGAL

• Portugal Introduces VAT Group Option for Related Taxpayers in Simplification Reform Package
• Portugal to introduce VAT Groups

SAUDI ARABIA

• Saudi Arabia Streamlines Customs Duties Exemption for Returned Goods

SINGAPORE

• Guide to Zero-Rating Exports of Goods: Requirements and Documentation (11th Edition)
• Singapore implements Invoice Response for B2G invoices

SLOVAKIA

• Amendment to VAT Law: Changes and Updates to Various Tax Laws in Slovakia (2024)

SPAIN

• VAT and Public Transport Subsidies: TEAC Resolution
• VAT Treatment of Company Administrators’ Services: Recent Developments and Potential Impacts

SRI LANKA

• Treasury Secretary Updates on Potential 21% VAT Hike Amid Public Servants’ Strike Demand
• VAT Hike to Double State Salaries: President Announces Increment for 2024, Committee for 2025 Budget

TURKEY

• Turkey Raises Petroleum Consumption Tax by 19.49% Effective July 2024

UKRAINE

• Analysis of Blocked Tax Invoices and Registration Cards in May 2024

UNITED KINGDOM

• HMRC Guidance: Create a goods movement reference
• HMRC Update: VAT on Voluntary Carbon Credits Sales Effective September 1, 2024
• Navigating VAT in Property Transactions: A Guide to Avoiding Costly Mistakes

UNITED STATES

• Mississippi Sales Tax Holiday: Save on Back to School Shopping This Weekend

WEBINARS / EVENTS

• Sovos webinar – Keep up with e-invoicing updates in Europe and beyond (July 18)

WORLD

• Top Advanced Features in Modern ERP Systems (Explained for Beginners)
• Understanding Debit Notes and Credit Notes under VAT
• VATupdate Newsletter Week 27 2024
• VATupdate.com Daily Newsletter: July 8, 2024

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