What happens on August 26 in the world?
In 2002, Mars made its closest approach to Earth in approximately 60,000 years, a phenomenon known as the “Mars opposition.”
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Headlines August 26, 2024
- E-Invoicing Exchange Summit Europe: Balancing Local and Global Needs in E-Invoicing & E-Reporting
- E-Invoicing & E-Reporting developments in the news in week 34/2024
- Czech – Group VAT registration deadline approaching – January 1, 2025 effective date
- ECJ Customs – C-407/24 (VTL Vámügynökség Kft.) – Determination of the customs value of imported goods
- Estonia reverses Covid-related VAT cuts from January 2025
- Italy – VAT Treatment of Asset Contributions Clarified
- Taiwan: E-Invoicing Updates Regarding e-GUI
- Montenegro Aligns VAT Rules with EU Standards in Preparation for Membership
- VATupdate Newsletter Week 32+33 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 July 2024
- E-Invoicing & E-Reporting developments in the news in week 34/2024
- E-Invoicing heatmap for Europe
- ECJ
- VAT Rates
Argentina
Argentina
Bahrain
Bangladesh
Belgium
Canada
Chile
- Application of Tax Law on Sales and Services to Affordable Housing Assigned to Individual Companies.
- Application of VAT to services provided by “Business Centers” until 2022
- Chile’s New VAT Regime for Fair Sales: Proposal and Implementation Process
- Exemption Application for VAT on Social Housing Construction Projects under Article 12, Letter F.
- IRS Suspends Additional Tax on Nectars, Isotonic, and Hypotonic Drinks Following Court Ruling
- Tax Implications of Institutional Benefits under Framework Agreement with YY – VAT Analysis
- VAT Exemption for Kiosk Advertising Concession
China
- Notice on the List of Industrial Mother Machine Enterprises Enjoying VAT Deduction Policy in 2024
- Notice on the Organization of the List of Advanced Manufacturing Enterprises Enjoying VAT Policy in 2024
Costa Rica
- Costa Rica’s Law No. 10491: Facilitating Tax Regularisation and Economic Reactivation through VAT Benefits
- Costa Rica’s New Law: VAT Relief and Business Closure Procedures Amended and Extended
Czech Republic
- Group VAT registration deadline approaching – January 1, 2025 effective date
- Major Czech Republic VAT Updates
ECJ
- ECJ Customs – C-407/24 (VTL Vámügynökség Kft.) – Determination of the customs value of imported goods
- Comments on ECJ C-184/23: Intra-group services between related companies not subject to VAT
Ecuador
- New Rules for Commercial Land Transportation Billing in Ecuador: Circular 2024 Update by SRI
- Tax Authority Clarifies VAT Treatment for Transportation Services
Estonia
Ethiopia
Germany
Ghana
India
Italy
- 10% VAT on Medical Devices: When Does it Apply?
- 5% VAT Rate for Winter Sports Courses
- Challenges Faced by Italian Importers in Meeting CBAM Emissions Reporting Requirements
- Determining VAT taxable base for in-kind contributions and capital gains for IRES and IRAP purposes.
- Reverse Charge Exemption for Pre-Invoice Credit Notes: Agenzia delle Entrate Clarification
- Tax Treatment of Bond Debt Assumption in Issued Securities: Clarification by Revenue Agency
- Understanding VAT Treatment of Asset Contributions in Italian Capital Increases
- VAT Treatment of Asset Contributions Clarified
Moldova
Montenegro
Morocco
Philippines
- Netflix Expresses Strong Support for 12% VAT on Foreign Digital Service Providers in Philippines
- Philippine Government Notes Industry Support for Extension of 12% VAT to Foreign Digital Service Providers
Poland
- Artist sharing music on Spotify exempt from VAT
- Key Takeaways from Poland’s KSeF Consultation Meeting: Updates on E-Invoicing Legislation Changes for 2026
- Poland Approves Cash Basis Law for Small Entrepreneurs Effective January 2025
Slovakia
South Africa
South Korea
Sri Lanka
Switzerland
Taiwan
- Taiwan: E-Invoicing Updates Regarding e-GUI
- Taiwan’s Updated E-Invoicing Regulations: e-GUI Requirements and Penalties for Non-Compliance
Ukraine
- Inclusion of Bank Account Interest in VAT Tax Base: Clarification by Tax Authorities
- Tax authorities identify errors in declaring VAT credit reduction based on adjustment calculations in ERPN.
United Kingdom
- Guide to Flexible Accounting System for Importers: Customs Notice 100 and Approval Process
- Guide to Investment Gold Coins: VAT Exemption Criteria and List of Eligible Coins
- HMRC Live Webinar: The basics of VAT and the VAT return
- HMRC publishes additional guidance on reporting rules for digital platforms
- UK Supreme Court to Hear Appeal on VAT Group Decision Impacting Continuous Supply of Services Rules
United States
- 11 Top Reasons E-Invoicing is a Must for US Businesses | Avoid Penalties & Save Time
- Florida’s Second Disaster Sales Tax Holiday: Save on Essential Supplies from August 24 to September 6
- Georgia, Nebraska, Ohio Sales Tax Administrations Non-Compliant: Public Comments Invited by Streamlined Sales Tax Board
- Michigan Sales and Use Tax: Updated Guidance on Taxability of Food for Human Consumption
- Nebraska Grassroots Activists Defeat Bill to Tax Gold and Silver Sales
- Recent Updates and Changes in Sales Tax Compliance: What You Need to Know
- Tennessee Marketplace Sales Tax Update for Facilitators: New Rules Effective July 1, 2024
- Tennessee Ruling Explains New Sourcing Provisions as Applied to In-State Repair Services on Equipment Shipped Out-of-State
Uruguay
Vietnam
- Understanding Vietnam’s Special Consumption Tax: Regulations, Rates, and Implications for Businesses
- Vietnam Extends Tax Deadlines and 2% VAT Reduction till End of 2024: Expert Overview
Webinars / Events
- ecosio’s E-invoicing Solutions Summit is back for 2024! (Sept 10)
- E-Invoicing Exchange Summit Europe: Balancing Local and Global Needs in E-Invoicing & E-Reporting
- Episode 5 – Tax People Aren’t Boring Podcast Author: Peter Nicholson – The Motorcycling Tax Guru
- Episode 6 – Tax People Aren’t Boring Podcast: Gary Allen – Godfather Of Tax Technology
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting October 1, 2024
World
- Amazon VAT Services Program Ending: Impact on Online Vendors and Next Steps
- E-Invoicing & E-Reporting developments in the news in week 34/2024
- Navigating the Complex World of E-Invoicing: A Guide to Compliance in the Digital Age
- The 4-Corner Model for e-Invoice Exchange: Simplifying Digital Transactions
- VATupdate.com Daily Newsletter: August 23, 2024
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