Kitchen
If you ever cook, you know that using the right ingredients is important. But having the right equipment is also vital. Not only can you do things much quicker, but the results often look and taste better too.
Major kitchen appliances, like a new refrigerator or oven, can cost a small fortune. It’s not unreasonable to expect these things to last a couple of decades after you acquire them. But nowadays, it seems that many things break down right after the guarantee period ends, or features you finally got used to are shut down after the latest software update. Talk about bad timing!
In some cultures, it’s more common to repair stuff instead of replacing it. In Thailand, for example, home appliances, cars, and motorcycles are often old but function well because parts have been replaced and the machines are well cared for. There, things are built to be nurtured, unlike in the USA, where it seems things are built to be disposable. It wasn’t always this way, and this shift is reflected in the lifespan of many kitchen appliances.
According to the Association of Home Appliance Manufacturers (AHAM), the average lifespan of large appliances used to be 20 years, but now the average is down to 12 – and things aren’t looking up.
This change is primarily due to computer electronics embedded into the appliance’s system (cars aren’t the only things that rely on computer chips now), which can lead to big hurdles if anything goes wrong. If you have a “smart” fridge and the computer has glitchy software, you may not be able to fix or update it without breaching warranty or copyright rules. Some companies will only issue specialty equipment to do these fixes and updates to authorized repair people, narrowing down your list of repair options, increasing your wait time, or making the unit so hard to fix that it’s easier to just buy a new one. It’s like being stuck in a never-ending cycle of appliance drama!
We’ve mentioned this before, but we believe that people should consume less and only buy the things they really need. And if it’s necessary to buy a new fridge, consider if the manufacturer also offers spare parts in case the machine ever breaks down.
It’s a bit like VAT. We have great ingredients, and we can make great meals. It may be useful, and sometimes even necessary, to use tools to process the ingredients quicker or add specific flavour. Or simply ensure that the end result is at the right temperature.
And should you consider using, buying, or offering VAT tools, make sure that you have guarantees and updates so that you can always be certain that you create the best VAT recipes ever. Just visit www.vatupdate.com every day to see what the latest flavors and ingredients are that you want or need to use. Because in the world of VAT, just like in the kitchen, you want to be prepared for any culinary (or financial) adventure that comes your way!
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
To go directly to the region, click below:
WORLD
- How AI boosts tax engine tax code mapping
- Navigating the Digital Tax Compliance Revolution: Strategies for Global Businesses
- The Risks of Delaying E-Invoicing Implementation: Compliance, Costs, and Competitive Disadvantages
- ecosio Webinar: How to Empower Your Customers with Efficient EDI (Aug 8, 2024)
- E-Invoicing Exchange Summit Prague (Sept 23-25)
AFRICA
- SARS Delays 45% Import Tariff on Shein and Temu Clothing for South African Shoppers
- South Africa Expands VAT Exemptions: Chicken and More Essential Foods Added
- South Africa’s Big VAT and Tax Changes: What You Need to Know
- Government’s Removal of VAT on Live Animal Sales Boosts Livestock Farmers’ Incomes and Market Growth
AMERICAS
- Update on Billing Amounts to Identify Final Consumers in Receipts
- Argentina Mandates Separate VAT Display on Invoices for Consumer Transactions
- Mandatory Sales Invoice Requirement by DIAN: Concept 440011620, June 13, 2024.
- DIAN Proposes Amendments to Resolution No. 165 on E-Invoicing in Colombia
- Understanding Nebraska Sales Tax Exemptions for Manufacturers: A Comprehensive Guide
- States Eliminate Sales Tax Measures: Thresholds, Holidays, and Exemptions Repealed
- E-Invoicing in the USA: Current State, Benefits, and Future Trends
- District of Columbia City Council Approves FY 2025 Budget with Sales Tax Increase
- Understanding the Kansas Marketplace Facilitator Sales Tax Law: A Comprehensive Guide
- Ohio Sales Tax Holiday: Save on Items Up to $500, July 30 – August 8!
- Understanding New Mexico’s Marketplace Facilitator Sales Tax Law: A Comprehensive Guide
- Understanding Maine’s Marketplace Facilitator Sales Tax Law: FAQs and Updates for Online Sellers
- Navigating Sales Tax Compliance: Understanding Nexus, Taxability, and Situsing Complexities
- Navigating California Sales Tax: Understanding the 80/80 Rule for Restaurant Compliance
- Nebraska Court Holds Officer Liable for Company’s Use Tax: Implications for Corporate Officers
- Louisiana Board Rules Against New Orleans Sales Tax on Apple Music Subscription
- Washington DC to Increase Sales Tax Rate to 7% by October 2026
- Iowa DOR Updates Sales Tax Regulations for Business Purchases
- Kansas Enacts Sales Tax Exemption for Communications Service Providers: What You Need to Know
ASIA-PACIFIC
- India scraps 2% equalisation levy on foreign digital services
- India Implements 5% IGST Rate on Aircraft and Engine Parts to Boost MRO Sector
- Karnataka GST Department Withdraws Evasion Notice Against Infosys for Alleged IGST Evasion
- Infosys Faces DGGI Scrutiny Over Alleged RS 32,400 Crore GST Evasion
- Supreme Court Decision Brings Clarity to ‘Intermediary Services’ Scope under GST Regime
- Nitin Gadkari Urges FM to Withdraw GST on Life and Medical Insurance Premiums
- India’s 2024-25 Union Budget: GST Changes and Sector-Specific Measures for Economic Growth
- Debating a Three-Tier GST Rate Structure: Rationalizing Goods and Services Tax
- India to Simplify GST Rate Regime with Three Slabs, Addressing Classification…
- Expansion of Imported Goods Subject to VAT Offset Method: Draft Order August 2, 2024
- Excessive VAT and CIT expenses lead to tax inspections and control by the tax authorities
- Registry of Authorized Representatives for VAT Exemption on Vehicles and Agricultural…
- Registry of Authorized Representatives for VAT Exemption on Vehicles and Agricultural Machinery: Project
- Latest updates of e-invoice guidelines and clarifications to the grace period conditions
- Malaysia MyInvois Aug 2024: 6-month soft launch mandatory live e-invoicing
- Malaysian E-Invoicing Implementation: Six-Month Grace Period Impact and Timeline
- Malaysia Accelerates Electronic Invoicing Rollout for Businesses, International Impact Expected
- Malaysia’s e-Invoice Implementation Timeline: Key Dates for Taxpayers Revealed
- IRB Updates E-Invoice Guidelines, Allows Taxpayers to Issue Consolidated E-Invoice for 6 Months
- Malaysian Customs Department Clarifies Service Tax Exemption for MRO Activities until 2027
- Malaysian Customs Department Clarifies Service Tax Policy on Virtual Credit Cards
- E-Invoicing Guidelines version 3.2. published
- 6-Month Grace Period Introduced for Mandatory e-Invoicing in Malaysia: Key Provisions and Benefits
- Malaysia introduces six-month transition period for mandatory e-invoicing regime
- Malaysia Introduces Flexibilization Measures for E-Invoicing Mandate with Incentives for Taxpayers
- Philippines VAT on digital services Bill update
- Bill Approved: VAT on Non-Resident Digital Service Providers to Boost Revenue and Creative Industries
- Philippines Approves Digital Services VAT Bill for Overseas SuppliersAug. 2, 2024
- Congress Approves VAT on Digital Services to Ensure Fair Taxation for Nonresident Providers
- Supreme Court Rules in Favor of Taxpayer in VAT Dispute with Foreign Shipping Companies
- Small Business Owners’ Sales Tax Collection Guidelines for April to June 2024
- Tax Relief Application for Disaster Losses Caused by Typhoon Kemi: Guidelines and Procedures
- Tax Obligations for Late Rent Payments: Issuing Invoices and Paying Business Tax
- Assistance in Tax and Donation Reduction for Typhoon Kemi Disaster Victims by Tax Bureau
- Public Integrity Customs Co., Ltd. Holds AEO Certification Launch Meeting in Keelung Port
- Vietnam Extends 2% VAT Reduction on Goods and Services Until End of 2024
- Vietnam: Extension of Temporary 8% Standard VAT Rate Reduction until December 31, 2024
EUROPE
- Comments on ECJ case C-533/22 (Adient): Ruling on Fixed Establishment Concept in VAT Directive
- Comments on ECJ C-184/23 (Finanzamt T II): German VAT Groupings Allowed, Internal Transactions Exempt from VAT
- Comments on ECJ C-179/23: Copyright collective management organization supplies to artists a service subject to VAT
- ECJ C-433/24 (Galerie Karsten Greve) – Questions – Dispute Over VAT Application for Artworks
- Lower VAT rate for German number sudoku puzzles? ECJ questions in case C-375/24
- ECJ C-411/24 (D GmbH & Co. KG) – Questions – Interpretation of Reduced Tax Rate for Hotel Ancillary Supplies
- ECJ VAT C-410/24 (Blapp) – Questions – VAT rate applicable on Ancillary Supplies
- ECJ VAT C-409/24 (J-GmbH) – Questions – VAT rate applicable on Ancillary Supplies
- Comments on ECJ C-533/22: Romanian VAT Place of Supply Rules
- ECJ C-392/24 (PPC Renewables Romania) – Questions – Interpretation of EU Law on Taxation of Renewable Electricity Producers
- ECJ C-436/24 (Lyko Operations) – Questions – Interpreting VAT Directive: Loyalty…
- Preliminary Ruling Request: VAT Directive Interpretation – Case C-436/24
- Understanding VAT Registration Thresholds in the European Union: A Comprehensive Guide
- VAT Expert Group: Advising the European Commission on VAT Legislation and Implementation
- Understanding VAT Deductions: How to Reclaim VAT on Goods and Services
- Understanding the Impact of New E-invoicing Laws on Businesses in the EU
- Advancing Taxation Discussion: Hungary’s Efforts to Resolve VAT in the Digital Age Dispute
- Assessment of VAT Rules on Vouchers by European Commission: Simplification, Modernisation, and Harmonisation
- EC Extends Germany’s VAT Measure for Emission Allowances Trading to Combat Fraud
- The Merits and Confusion of Maritime VAT Provisions: Sailing the High Seas of Tax Law
- Denial of Tax Exemption for Intra-Community Supplies due to VAT Fraudulent Activities
- Division of Flat Menu Prices for Food and Drinks Based on Individual Sales Prices
- No Flat-rate VAT deduction for foreign entrepreneurs without domestic operations in Austria
- Timing of Input Tax Deduction for Option to Tax Liability – BFG Decision April 30, 2024
- Repeal of VAT exemption for intercompany services in banking and insurance sectors by 2025.
- Changes to Small Business Regulation: Increased Thresholds and New EU Provision from 2025.
- Expanded Genuine Tax Exemption for Food Donations and Non-Alcoholic Beverages to Charitable Organizations
- Change in Differential Taxation of Art Objects under § 24 Abs 2 UStG from 2025.
- Expansion of Place of Supply Determination for Virtually Available B2C Services (§ 3a Abs 13 UStG)
- Finnish Parliament Approves Increase in VAT Rate to 25.5% from September 2024
- Finland Raises VAT Rate to 25.5% Effective September 1, 2024: Implications for Businesses
- Clarification on 10% VAT rate for roof extension works on residential buildings over two years old
- 2024 France Import VAT Consultation: New Rules and Public Feedback Opportunity
- Ultimate Guide to VAT in Poland: Rates, Registration, and Refunds for Businesses
- ECJ Submission on Reduced VAT Rate for Accommodation Ancillary Supplies: BFH Resolutions 2024
- VAT Treatment of Grants: BMF Guidance on Purpose and Payment Boundaries
- BMF Guidance: Mandatory Electronic Invoicing for Domestic Companies from 2025
- VAT Treatment of Dinner Show: BFH Resolution on Complex Supply and Reduced Rate
- BMF Guidance on VAT Deduction for Public Authorities
- Input Supply Allocation and VAT Deduction Guidelines for Business and Non-Business Activities
- Proposed Changes to German VAT Law in 2024 Annual Tax Act Draft
- New Mandatory Detail for Invoices Under Cash Accounting: Effective January 1, 2026
- Foreign Company Application for Cross-Border Passenger Transportation Services at German Borders with Non-EU Countries
- Extension of VAT Obligation for Public Law Entities until 2026: Transition Provision Update
- Upcoming Tax Regulation Changes for Small Traders in EU: Sales Threshold Increase and Reporting Procedures
- Brexit: Northern Ireland VAT Treatment for Goods Transport Post-2020 Remains Like Member State
- VAT on Credit Notes: New Ruling Requires Payment Even for Non-Traders
- Timing and Division of Input VAT Deduction: Changes in Reaction to CJEU Ruling
- Changes to VAT Exemptions: Loan Services, Educational Supplies, and Sports Equipment
- Monthly Updated Overview of VAT Conversion Rates 2024 According to BMF Letter August 1, 2024
- Germany to Reduce VAT on Art Sales to 7% Starting 2025: Boosting the Art Market
- Tax Treatment of Gifts: Value Limits and Required Bookings
- BMF Guidelines on Determining Place of Supply for Register Extracts – News 30.07.2024
- Taxable Additional Compensation for Past Copyrights Subject to Reduced VAT Rate – Commentary…
- Implementing E-Invoicing with ZUGFeRD Format: Does the Standard Meet Legal Requirements?
- Determining the Place of Supply for Simple Land Registry Extracts and Other Public Registers
- Greece Implements Permanent VAT Rate Changes Effective July 1, 2024
- Automatic declaration and change of KAD for businesses from autumn – Public consultation July 31, 2024
- Clarifications on VAT deduction for imports from ODCEC Foundation of Milan: starting date from release date.
- Importance of Release Date for VAT Deductions in Italy: Recent Updates and Implications
- Navigating VAT Exemption on Consortium Membership Fees: Legal Framework and Business Implications
- Electronic VAT Exemption Certificate for International Organizations Purchases: Changes in EU Legislation by 2030.
- Exclusion of Consortial Fees from VAT: Clarification by Revenue Agency in Interpellation…
- Tax Treatment of Membership Fees in European Research Consortium: Clarification Requested
- Italian Amazon Unit Under Investigation for Tax Evasion Amid Multi-Million Euro Seizure
- Restructured Municipal Headquarters: VAT Regime Applicable with Extinguishment of Surface Rights
- Special VAT deduction for auction houses: only costs related to intermediate art works.
- Leasing termination and property transfer tax implications for municipalities without business organization.
- Italian Supreme Court: Loading Document Accepted as Proof of Export for VAT Exemption
- Tax Treatment of Real Estate Transfers in Public-Private Partnership: Case Study of a Municipality.
- VAT Exemption for Expense Distribution in Medical Associations: Compliance and Clarity
- Extension of Non-Imposition Period for EU VAT E-commerce Payment Default Fines Regulation until 29 July 2024
- Deadline Extension for VAT Filers: Reminder SMS to Non-Filers on 5 August 2024
- Dutch VAT Rates for Edible Straws: Aromatized vs Non-Aromatized – What You Need to Know
- VAT and Deposit System – Major Changes on the Horizon!
- Scheduled Maintenance on National e-Invoice System Demo Environment –…
- Restrictive VAT Interpretation for Sole Proprietors Using Cars for Business and Personal Purposes
- Tax exemption for real estate sales – Official letter confirming correct tax interpretation.
- Scheduled Maintenance on National e-Invoice System Demo Environment – August 6, 2024
- Poland: VAT exemption criteria for health operations tightened by tax authorities
- Comprehensive Property Management as VAT-exempt Service: Legal Implications and Economic Benefits
- Avoiding Tax Penalties in Belgium: Understanding EC Sales List Obligations for Businesses Operating in EU
- Key Elements of Split Payment in Poland in 2024: Enhancing VAT Transparency and Preventing Tax Fraud
- Court Rules Bulk Discount, Not Free-of-Charge Delivery, Under VAT Act Article 7(2)
- Taxation of VAT on Co-Owned Undeveloped Land: Legal Implications and Considerations
- VAT Deduction Exclusion for Agricultural Land Consolidation: A Critical Analysis
- Official Interpretation on VAT Exemptions for Legal Advisory Services by National Tax Information Director
- WSA: No Such Thing as Self-Updating Extension of VAT Refund Deadline
- VAT Exemption for Property Management and Maintenance Services in Residential Buildings
- Changes in PON and railway infrastructure
- Challenges of Implementing KSeF for B2C Invoices: Expert Insights and Future Regulations
- Post-transaction rebate reduces VAT taxable base
- VAT Ratio Excludes Foreign Sales: Naczelny Sąd Administracyjny Ruling on Proporcja in Gazeta Prawna
- VAT Exemption for Intermediary Services in PPK Sales: NSA Ruling July 2, 2024
- Are Dietitian Services Exempt from VAT? Impact of Recent Tax Interpretation on Health Services
- Consultations with Ministry of Finance on KSeF Implementation: Key Proposals and Changes for Businesses
- Updates on National e-Invoicing System in Poland: Key Decisions and Changes for 2026 Implementation
- Legal battle over VAT rate for exported goods based on documentation – July 29, 2024.
- Court Rules Operating ECP Information Portal Not Subject to VAT Business Activity Regulations
- Taxpayer Entitled to Deduct Input Tax for Employee Commute Vehicles under VAT Act
- Romania e-VAT pre-filled returns 6-month soft launch
- Amendments to Tax Legislation for RO e-VAT, e-Transport, and Guarantee-return System: Key Changes…
- Streamlining Romania’s VAT Return Process: Gazettes Layout and Prefilled Content.
- Romania’s New Procedure for RO E-Invoice Register in Foreclosure Cases
- Transfer Pricing Adjustments Impact on VAT: Spain’s Perspective on Controversial Issue
- VAT Deductibility for Holding Entities: Supreme Court Ruling on Intracompany Share Transfers
- Limitation of Time and Conditions for VAT Refund to Non-established Entities: Supreme Court Ruling
- Judicial Costs in IVA/IRPF: Analysis of Procedural Costs and Tax Implications
- Analysis of VAT accrual in sublease of industrial warehouse with 20-year term and grace period.
- Spain Verifactu System Update: Draft Order Submitted to EU Commission for Feedback by October 2024
- Extensive Overview of Spain’s Verifactu, RTIR System
- Taxation of “Virtual Battery” in VAT and IEE: DGT Consultation Analysis on Energy Market Product
- Tax-exempt Vacation Apartment Rentals with 24-Hour Phone Support: Industry Hotel Services…
- Tax Implications of Renting Tourist Apartments with Hotel Services: 10% VAT Applicable
- Understanding IGIC: The Canary Islands’ Unique Indirect Tax System Explained
- Exemption of Energy Storage Devices from Import Taxes in Ukraine from July 27, 2024
- Changes in VAT taxation for defense and security institutions detailed in new regulation.
- Changes to VAT Declaration Forms and Rules for Agricultural Exports Effective July 29, 2024
- Mandatory VAT Registration When Transitioning from Simplified to General Taxation System
- Possible Return to Idea of Increasing VAT Rate in Ukraine’s Parliament: Budget Committee Chair’s Insights
- Transition from “single tax” to VAT payer: implications for re-registration and tax obligations
- Tax Implications of Transport-Expedition Services Involving Non-VAT Paying Carrier: What About VAT?
- VAT exemptions for imported goods for demining machine repair: clarification from the tax authorities
- Why Ministry of Finance opposes raising VAT instead of military levy: implications for…
- How to Correct Errors in Complaints Regarding Refusal to Register VAT in ERPN
- Zelensky Signs Laws Waiving Taxes on Energy Equipment Imports: Boosting Ukraine’s Energy Sector
- HMRC Guidance: Selling goods or services on a digital platform
- HMRC Guidance: Reporting rules for digital platforms
- Navigating Making Tax Digital: Updates, Requirements, and Guidance for UK Taxpayers
- VAT Registration Threshold: To Raise or Lower? Expert Opinions on UK Tax Policy Design
- Export Medical Devices: Order Certificate of Free Sale for International Markets from MHRA
- VAT Health: VAT Treatment of Drugs and Medicines Under Patient Group Direction
- Removal of VAT Exemption for Private School Fees Effective January 1, 2025
- Disallowed Input VAT Appeal: Kenthouse Properties Ltd v Revenue and Customs [2024] UKFTT 703 (TC)
- VAT Simplification: A Call for Reform to Boost Economic Growth – AAT Commentary
- Lycamobile UK loses £51mn VAT case in latest setback for telecoms company
- VAT on Private School Fees Confirmed for 2025 Term: Government Budget Update
- VAT Exemption for SIF Management by CCLA Investment Management Ltd: FTT Decision Analysis
- Implementation of VAT on School Fees: Changes, Implications, and Anti-Forestalling Measures
- VAT Treatment of Mobile Plan Bundles by Lycamobile UK Ltd: FTT Decision and Implications
- Technical Consultation on VAT & Business Rates Changes for Private Schools: Policy Paper
- Navigating VAT Classification: Lessons from First-Tier Tribunal Ruling on Bottled Science Ltd
- Reclaim Overpaid VAT: Act Now Before Deadline to Recover Temporary Reduced Rates
- VAT Exemption: Toffee Apples vs. Sugary Fruits in Confectionary
- Update: VAT Exemption Removed for Private School Fees and Boarding Fees (2024)
- ICAEW Stands Against VAT Changes for Private Hire Vehicles: Insights and Recommendations
MIDDLE EAST
- Oman Delays Mandatory E-Invoicing
- Oman’s VAT e-Invoicing Rollout Delayed to 2025: What to Expect
- Oman Tax Authorities Postpone Mandatory B2B e-Invoicing Launch to 2025
- ZATCA announced the fourteenth wave of the Integration Phase
- Saudi Arabia: New Taxpayer Group in Scope of Phase 2 of e-Invoicing Announced
- ZATCA Criteria for Taxpayer Selection in Wave 14 of E-Invoicing Integration Phase
- Saudi Arabia: E-invoicing Requirement Extended to 14th Group of Taxpayers from February 1, 2025
