What happens on July 27 in the world?
Start of the Paris 2024 Olympic Games
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Headlines July 27, 2024
- European Parliament approves on VAT Rules and Administrative Cooperation Arrangements for the Digital Age (ViDA) and Distance Sales of Imported Goods
- Malaysia – Update of the E-Invoicing Guidelines and FAQs
- Israel – New Invoicing Documentation Published
- Comments on ECJ C-606/22: Correcting Erroneous VAT Rate
- Continuous Transaction Controls: Tax Compliance and What You Need to Know
- VATupdate Newsletter Week 29 2024
- NEW – EU Country Overviews
- 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 29/2024
- E-Invoicing heatmap for Europe
- ECJ
- VAT Rates
ARGENTINA
AUSTRIA
- Austria VAT registration threshold increase
- Austria’s Tax Amendment Act 2024: Key Changes and Implications for Businesses
CHINA
ECJ
- New ECJ VAT Case C-513/24 (Oblastní nemocnice Kolín) – No details known yet
- Comments on ECJ C-182/23: treatment of compulsory purchase of land – whether subject to VAT
- Comments on ECJ C-207/23: Legal Implications of Free Heat Transfer in Y’s Biogas Plant
- Comments on ECJ C-606/22: Correcting Erroneous VAT Rate
EGYPT
EUROPEAN UNION
- Essential Guide to the General Product Safety Regulation (GPSR) for Amazon Sellers
- EU Commission Guide: Tax Codes for E-Invoicing Using EN 16931 Standards
- EU Voucher VAT Rules Evaluation: No Legislative Changes Needed, Member States Compliance Satisfactory
- European Parliament approves on VAT Rules and Administrative Cooperation Arrangements for the Digital Age (ViDA) and Distance Sales of Imported Goods
- Navigating Tax Data Sharing Obligations: A Blueprint for Compliance with Regulations like DAC7
FRANCE
- 2024 TVA Importation Accountability Rules Update: Public Consultation and Commentary on Changes
- Clarifications on VAT rules for driving lessons for category B license – Ruling
- Exemptions and Territoriality in VAT: Internal Regime Exempted Operations – Chapter Overview
- VAT Exemption and Deduction Rights for Fishermen and Shipowners: Clarifications and Updates in Insurance Operations
GERMANY
GUATEMALA
INDIA
- 2024 Finance Bill No. 55: Simplifying GST and Customs Duties for Key Industries in India
- Budget 2024: Finance Minister pledges GST simplification, announces cancer drug duty exemptions
- Budget 2024: FM Promises Simplification and Rationalisation of GST Law with Proposed Amendments
- CBIC Chairman advocates 3-tier GST structure to reduce litigation and align rates
- Constructive Payments to Vendors: Understanding GST Implications and Reversal of Input Tax Credit
- India Removes 2% Equalisation Levy on Foreign Digital Services in 2024 Budget
- Tax Reforms and Customs Overhaul: Union Budget 2024 Highlights
- Understanding GST Implications on Supplies Made Under Corporate Social Responsibility
ISRAEL
ITALY
- Control procedures for Vatican and San Marino vehicles entering Italy without VAT payment.
- Electronic Certificate for VAT Exemption: A Guide for International Organizations in Italy
- Navigating Italian Tax Law: Understanding VAT 74-bis Declaration and Cessation of Business Activity
- VAT Non-Deductibility in Illegal Labor Supply: Italian Tax Authorities’ Ruling and Implications
LITHUANIA
MALAYSIA
MAURITIUS
- VAT Ruling No. 116: Tax Treatment of Hotel Accommodation Deposits for Tour Operators
- VAT Treatment of Rental Operations for Mauritian Company Limited by Shares: Ruling No. 115
MEXICO
NETHERLANDS
- Decree VAT on leasing amended
- Expansion of VAT on leasing to include vans and motorcycles – Tax News Update
- No Priority for Tax Advisors at TaxPhone Due to VAT Rush – July 25, 2024
- Petition to stop increase in VAT on recreational accommodation
PAKISTAN
- FBR Implements Tough Penalties to Combat Tax Fraud in Pakistan’s Latest Reform Initiative
- FBR Introduces 25% Sales Tax on Imported Mobile Phones: Impact on Pakistan’s Market
- Pakistan Customs Embarks on Modernization Journey with Three-Day Workshop in Islamabad
- Sindh Introduces 15% Sales Tax on Banking Services in TY 2025 for Revenue Enhancement
- SRB Announces Tax Rates for Professionals and Consultants in Tax Year 2025
- SRB Imposes 15% Sales Tax on Insurance Services in Sindh, Effective Immediately
PARAGUAY
PHILIPPINES
POLAND
- Constitutional Tribunal: MDR (DAC6) reporting unconstitutional
- Expanding Foundation Activities to Include Mediation for VAT Exemption: Topic of the Day
- Grant for the entire project is VAT exempt, confirms Gdańsk Administrative Court.
- KSeF consultations in Poland: summary and future plans
- New Obligations Under DAC7 – Who Will Be Affected and What Are the Implications?
- Possible Delays in Signing JPK_VAT Files via JPK WEB Client – Ministry of Finance Notice
- Unconstitutionality of the MDR provisions with regard to the obligations of tax advisors
- VAT Settlement for Sale of Copyright Sub-licenses by Cultural Foundation: Legal Implications
- You can deduct VAT from an invoice issued before the contractor is registered
PORTUGAL
- Portuguese Government Proposes VAT Measures to Boost Business Competitiveness
- VAT on Homework Help: Government’s Position Upheld by Tax Authorities and Finance Ministry
RUSSIA
SAUDI ARABIA
- Saudi Arabia issues resolution amending customs duties on certain goods
- Tax Amnesty Extended: Opportunity for Businesses to Correct Tax Errors by End of 2024
SINGAPORE
- Guide to GST in Construction Industry: Understanding Your Tax Obligations as a Contractor
- Singapore Mandates E-Invoicing with InvoiceNow for GST Registered Businesses Starting May 2025
- Singapore Publishes Updated e-Tax Guide on the GST Advance Ruling System
SLOVENIA
- Slovenia takes steps closer to introducing countrywide B2B e-invoicing
- Slovenia’s Road to Mandatory E-Invoicing
SOUTH AFRICA
SPAIN
SWEDEN
- Fiscalization in Sweden: Control Unit vs. Control Systems for Retailers’ Compliance and Convenience
- Swedish Tax Law Board clarifies VAT treatment for import agents in recent ruling.
SWITZERLAND
TAIWAN
- Avoid Penalties by Reporting Incorrect Invoice Amounts to Tax Authorities Promptly
- Tax Registration Required for Online Sellers on Line, Facebook, and Instagram to Avoid Evasion.
- Unauthorized Business Operators Cannot Claim Lottery Prizes Without Tax Registration – Kaohsiung Tax Bureau
- Understanding the Tax Obligations for Property Transactions: Reporting Income Tax to Avoid Penalties
UKRAINE
- Discussion on Formation and Submission of SAF-T UA File by Tax and Banking Representatives
- Inclusion of Budget Funding in VAT Tax Base: Individual Tax Consultation Request (Code 2610)
- Reporting Unpaid VAT Amounts Due to Tax Exemptions in Tax Declaration
UNITED ARAB EMIRATES
- Dubai Customs publishes policy on voluntary disclosures
- UAE Introduces Digital Tool for Housebuilding VAT Refunds
UNITED KINGDOM
- HMRC Guidance – Issue 121 of Agent Update – Notifying HMRC of changes to VAT registration details
- HMRC Launches VAT Registration Estimator Tool for UK Businesses
- HMRC VAT Food Manual: Determining Liability of Supplies Allowed by VATA 1994, Updated July 2024
- Reporting VAT Fraud: Submission Process for Kittel Cases – HMRC Internal Manual Update
- Value Added Tax Decision: Chargeable on Plan Bundle Sale, Repayment for Non-EU Use – Appeal Remitted.
UNITED STATES
- 2024 Mid-Year Sales Tax Complexity: Rising Substate Rates and Rules Report
- California Imposes 7.5% Tax on Data Extraction, North Carolina Repeals Transaction Threshold, Vermont Taxes Remote Access Software
- District of Columbia Budget Bills Published with New Sales Tax Rate Included
- Evolving Sales Tax Trends: States Drop Transaction Thresholds for Economic Nexus Compliance
- Iowa Exempts Affiliate Vehicle Leases from Sales and Use Tax with New Registration Payment
- Louisiana Appeals Court: Online Hotel Reservation Fees Not Taxable Under State and Local Laws
- Michigan Department of Treasury: Payment-Processing Fees Subject to Sales Tax Clarification
- Mississippi Sales Tax Exemption for Fixed-Wing Aircraft Effective April 25, 2024
- Navigating New York Sales Tax Disputes: Importance of “Primary Function” Analysis
- Oklahoma Law Exempts Digital Asset Mining Equipment from Sales Tax Until 2029
- Streamlined Sales Tax Governing Board Approves SSUTA Changes on Sourcing Digital Goods Transactions
- Washington Department of Revenue Issues Exemption Guidelines for Data Center Purchases
- Who is Managing Your Sales Tax Notices? Don’t Get Caught Off Guard!
WEBINARS / EVENTS
- ecosio Webinar: How to Empower Your Customers with Efficient EDI (Aug 8, 2024)
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting October 1, 2024
- ecosio Webinar – Common E-invoicing Issues and How to Avoid Them (Aug 15)
WORLD
- Comparing Centralized and Decentralized E-Invoicing Models: Understanding the Key Differences
- Continuous Transaction Controls: Tax Compliance and What You Need to Know
- Episode 2 – Tax People Aren’t Boring Podcast – Aleksandra Bal
- The rise of e-invoicing CTC models across the world
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