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Headlines December 12, 2023
- Belgium – Important updates to Belgian VAT and Intrastat e-filing procedures for 2024
- Analyzing the Impact of the VAT Gap on EU Tax Compliance: Insights from the 11th Annual Report
- Poland – TP Adjustments and VAT Settlements: To Show or Not to Show?
- January 2024 VAT and GST Changes: What you need to know
- VATupdate Newsletter Week 49 2023
- E-Invoicing
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
- E-Invoicing & E-Reporting developments in the news in week 48 & 49/2023
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in November 2023
- ECJ
- VAT Rates
AUSTRALIA
BAHRAIN
- Bahrain launches campaign to promote VAT registration and compliance among businesses
- Bahrain to Implement Digital Stamp Scheme for Tobacco Products
BELARUS/ EQUATORIAL GUINEA
BELGIUM
- Important updates to Belgian VAT and Intrastat e-filing procedures for 2024
- New Requirements for Mixed VAT Taxpayers in Belgium for VAT Deductions
CANADA
CHILE
COLOMBIA
ESTONIA
EUROPEAN UNION
- Analyzing the Impact of the VAT Gap on EU Tax Compliance: Insights from the 11th Annual Report
- CJEU ruling narrows scope of VAT Directive for admission to online events
- ECJ: Refusal of VAT deduction after reclassification of sales transaction contrary to VAT Directive?
- The Crucial Role of Indirect Customs Representation in Simplifying International Trade
- Understanding and Influencing the Import Worklist Table (/ECRS/WLEN) for Intrastat Declaration in S/4HANA
FRANCE
- France Implements New VAT Regulations for Financial Service Providers, Effective January 2024
- New requirements for payment service providers to report their activities.
GERMANY
- Expansion of the exemption for the administration of investment assets in Germany
- Increase in Threshold for cash accounting by Small Businesses to 800,000 Euros
- Taxable Lump Sum for Protective Masks: Judgment of the Lower Saxony Fiscal Court
- Taxation of services for the mediation of leisure experiences: FG Münster ruling on value vouchers.
GHANA
GREECE
- Changes in VAT rates – Which reduced and increased rates are being made permanent
- MyDATA – Changes with Law 5073/2023 (Revenue Recognition, Expense Deduction, Fines)
INDIA
- 12% GST Applicable on Job Work Done on Goods Owned by Other Registered Persons under GST
- AI’s Role in Detecting GST Evasion Sparks Debate on Human vs Machine Decision-Making
- Surge in AI-generated GST notices overwhelms Indian businesses
IRELAND
- Change in Farmer VAT Refund Policy Threatens Jobs and Ireland’s Sustainability Goals
- Update to Charities VAT Compensation Scheme Guidelines: Increase in Annual Fund Cap
ITALY
- Abolition of mandatory registration for B2C electronic invoices in the fiscal drawer
- Introduction of a Specific Provision for 10% VAT Rate on Food Supplements
- Ruling: Special Remission for Late Group VAT Settlement and Guarantee Submission
- Three Methods for Calculating VAT Advance Payment
JAMAICA
KYRGYZSTAN
LITHUANIA
NETHERLANDS
PAKISTAN
- FBR Extends Electronic Invoicing Requirement to FMCGs for Transparent Taxation System
- FBR Introduces Amended Rules for Sales Tax Integration to Enhance Transparency and Efficiency
- Procedure for Changing Particulars in Sales Tax Registration: Guidelines for Tax Year 2024
POLAND
- 0% VAT on food products in 2024: Which ones are included?
- Subjective VAT exemption. Should the rent of an apartment be counted towards the limit?
- TP Adjustments and VAT Settlements: To Show or Not to Show?
- Update of API and Taxpayer Application in the National e-Invoice System Test Environment
- VAT Carousel Fraud: Husband’s Tax Fraud Does Not Imply Wife’s Guilt
ROMANIA
- Significant Changes to Romanian VAT Rates for 2024: What You Need to Know
- Updates on E-invoicing for Established Persons and Nonresident VAT Payers in Romania
RUSSIA
- Expanded list of children’s goods subject to 10% VAT rate
- Russia Adopts VAT Exemption of Digital Ruble Transactions
- Russia to Amend VAT on Resale of Used Vehicles
- VAT exemption applies to toys in dry breakfasts
SLOVAKIA
SLOVENIA
SPAIN
- Entry to Discoteca with DJ Performance to be Taxed at 10%
- Packaging Delivery for Takeaway Food to Customers Will Be Taxed at 21%
- These are the requirements of the computer or electronic billing systems and programs
SRI LANKA
- Parliament Receives Presentation on Removal of VAT Exemptions List for 2024
- Sri Lanka to Reduce VAT Registration Threshold and Increase VAT Rate
SWEDEN
- Clarification: Division of input VAT is not affected by the Supreme Administrative Court’s ruling
- Production and Distribution of Periodical Publications and Related Services: VAT Considerations
UKRAINE
- Changes in VAT exemption for catering services starting from 2024
- Charitable Assistance with Goods: When Exactly VAT and Tax Differences are Exempt?
- Formation of VAT tax credit in budgetary institution: clarification from the tax authorities
- Tax Bulletin: Exemption of VAT on Supply of Goods for Security and Defense Purposes
- Ukraine Parliament Considers Bill to Amend Tax Provisions for Accurate Administration and EU Compliance
UNITED ARAB EMIRATES
UNITED KINGDOM
- Guide to Filling and Submitting VAT Returns: Updated Notice 700/12
- Retrofitted Battery Energy Storage Systems (BESS) Exempt from 20% VAT in the UK
- UK Government Expands VAT Relief for Energy Saving Materials, Including Battery Storage and Heat Pumps
- Understanding VAT Payments on Account: Updates and Important Considerations
UNITED KINGDOM/ UNITED STATES
UNITED STATES
- Deli Operator Held Liable for Sales Taxes on Party Platters Due to Preparation Work
- Maryland Tax Court Allows Apple’s Challenge to Digital Advertising Tax to Proceed
- Philadelphia Department of Revenue’s Voluntary Disclosure Program for Tax Compliance
- Sales Tax Liability: Personal Responsibility for CEOs, CFOs, and Directors
- Taxability of Termination Fees and Rental vs License of Real Property in Washington State
- Tennessee Implements New Sales Tax on Hemp-Derived Cannabinoid Products
- Washington Department of Revenue Updates Sales Tax Guidance for Crowdfunding Donations
- Wisconsin Bans Phantomware and Automated Sales Suppression Devices in Tax Practices
VIETNAM
WORLD
- January 2024 VAT and GST Changes: What you need to know
- Navigating the Complexities of E-Invoicing and CTCs: Strategies for Compliance and Success
- The Role of Technology in CPG Innovation: Trends, Strategies, and Tax Compliance
- Understanding the Distinction Between VAT Compliance and VAT Reporting
- VAT Technology Solutions: Key Requirements for Global Enterprises in the Digital Age
- VATupdate.com Daily Newsletter – December 11, 2023
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