VATupdate – VATupdate – Your daily VAT news from around the world

Credit notes under GST are formal tax documents used for post-supply adjustments, directly impacting tax liability and government revenue. Issuance of GST credit notes is governed by Section 34 of the CGST Act and must be linked to a specific...

ART Some people adore the swirling chaos of Van Gogh. Others find peace in the soft, shimmering reflections of Monet. VAT people, however? I believe that we gravitate toward Mondriaan. Or maybe even Dalí. Let me explain...

Podcast on Spotify Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. HIGHLIGHTS OF WEEKS 12/2026 NEW COLLECTION...

MIXED Last week, I attended a cocktail workshop. Inevitably, this made me think about VAT. But first, a few highlights from the past week in Europe: The ECJ confirmed that Member States cannot reject refund claims...

Strategic Management of GST Credit Notes: Compliance, Timing, and Tax Implications for Finance Leaders

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Rockland County Caps Gas Sales Tax at $3 Per Gallon from June 2026 to March 2027

Marcos: Government Weighs Oil Law Repeal, VAT Removal Amid Focus on Immediate Fuel Relief

HMRC Study: Effects of Penalty Reform on VAT Businesses’ Compliance and Perceptions

HMRC Updates VAT Notice 701/36: Changes to Insurance, Guarantees, and Warranties Guidance

HMRC VAT Letters: Why Turnover Over £90,000 Doesn’t Always Mean You Must Register

Determining VAT on Cross-Border Services: Why Place of Supply Rules Matter Most

Key VAT Risks for Local Authorities in Managing Pride in Place Funding Projects

Step-by-Step Sales Tax Filing Guide for Businesses: Requirements, Deadlines, Automation, and Compliance Tips

Hungary Mandates Detailed M-Sheet VAT Deduction Reporting from July 2026; Full Digital Shift Ahead

Germany Mulls VAT Hike to 21% Paired With Income Tax Cuts and Grocery Relief

UN Sets 2026-28 VAT Roadmap: Focus on Digital, Fraud, Disputes, Financial Innovation, and Regressivity

Prime Minister Signs Decisions on Fuel Tax Cuts, Online Child Protection, and Ethnic Minority Cadre Development

Costa Rica Introduces Monthly Filing for Transactions Not Supported by E-Invoice, Updates Reporting Rules

Spain Approves Mandatory B2B E-Invoicing; Phased Rollout Pending Ministerial Order Details

British Columbia to Impose PST on Professional Services Starting October 1, 2026

Denmark Sets 2026 Agenda for Mandatory E-Invoicing and Digital Bookkeeping Transition

Türkiye Reintroduces Fuel Price Stabilization Mechanism for Special Consumption Tax on Petroleum Products

Gibraltar Cuts Proposed Fuel Duty Rate by Half to GBP0.14 per Litre

Philippines Releases New Rules Granting VAT Exemption for Natural Gas Transactions

Oman E-Invoicing Rollout: Key Dates, Fawtara Portal Launch, and Implementation Phases

Full VAT Deduction for Multiple Cars by Commercial Agents: Rules, Limits, and Proof Requirements

Abolition of Reduced VAT Rate for Ornamental Horticulture Products Proposed from 2028

Poland Reduces VAT and Excise Duty, Sets Fuel Price Cap Amid Rising Costs Due to Iran War

Finance Ministry Updates e-Invoice System; Tax Law Changes Spark Warehouse Classification Controversy

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