Driving
How frequently do you find yourself implementing an ERP system? For most of us, it’s a once or twice occurrence in our VAT careers. Yet, even with limited experiences, there are certain tricks and essential aspects that stick with you. It’s akin to learning how to ride a bike or drive a car – once you’ve grasped the fundamentals, they stay with you.
Starting out with driving lessons, you’re unfamiliar with how to utilize the throttle, brakes, and shifting gears. As you sit behind the wheel, trying to comprehend the workings of a car, the surrounding traffic zooms past, leading you perilously close to hitting a pole or navigating a roundabout incorrectly.
Similarly, being part of an implementation team tackling VAT rules can feel overwhelming. While you may understand how to steer, based on the VAT rules you’ve always adhered to, there’s still a learning curve in terms of shifting gears, turning on headlights, and remembering to check the rearview mirror.
In such moments, you might question whether you should relinquish control of the car. You can play the role of navigator, pointing out the route and destination. This approach could be the ideal solution to reaching your goals safely. Meanwhile, as you journey along, you can observe how the driver, mechanic, and gas station attend to the car’s needs. This allows you to gauge the appropriate speed for taking corners, check the oil level when warning lights flash, and refuel when the gas meter nears empty.
Driving a VAT project can indeed be risky, but it can also be enjoyable. Just ensure you reach your destination, preferably in one piece.
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
- The Purpose and Legitimacy of Imposing a Consumption Tax on Non-Alcoholic Drinks
- February VAT news: 10 updates from around the world
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2024
- com: Noteworthy VAT Updates and Rate Changes in January 2024
- Global VAT & GST on digital services to consumers
- VAT TV January 2024 news
- Tools offered to verify VAT registration numbers
- RTCsuite & VATconsult Webinar – E-Invoicing in Belgium – Roadmap to VAT Compliance & Live Demo
- SNI Webinar: E-Compliance Insights: Navigate Romania’s New e-Invoice System with SNI (Feb 7)
- Webinar – Slide deck/Recorded session – B2B Digital Highway for the U.S. & the North American market
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting March 1, 2024
- E-Invoicing Exchange Summit Middle East & Africa (Feb 13 & 14, 2024)
MIDDLE EAST
AFRICA
- Important Information: Egyptian Tax Authority’s 5-Year Deadline for VAT Refund Requests
- Tax Authority Further Implements E-invoicing System Procedures
- Egypt Approves Extension of Zero-Customs Car Import Initiative for Expats
- Government’s Proposed 15% VAT on ECG: A Practical Joke, Says Kwesi Pratt Jnr
- Ghana’s Ministry of Finance to Discuss 15% VAT on Power with Labor
AMERICAS
- Colombia plans to postpone mandatory issuance of new electronic document types
- Colombia CUFE VAT e-invoicing update
- Grenada Launches GTAX: A New Digital Tax Administration System for Improved Efficiency and User Experience
- Grenada Launches GTAX: A New Digital Tax Administration System for Improved Efficiency and User…
- Mexican Rulings: Case-by-Case Analysis for 0% VAT on Exported Services
- Analysing Mexican Rulings: Determining Eligibility for 0% VAT on Exported Services
- Panama sets mandatory e-invoicing deadline for certain exempted taxpayers
- Panama mandates e-invoicing adoption for certain taxpayers
- Tennessee Provides Sales Tax Relief to Residents Impacted by Severe Weather
- The Impact of Marketplace Facilitators on Sales Tax Compliance and Economic Nexus
- The Power of Reverse Audits: Uncovering Hidden Sales Tax Opportunities
- Tennessee Ruling: Taxability of IT Services and Software Customization in Single Contracts
- Certain Washington Independent Contractors Must Register and Pay B&O Tax, Sales Tax, Department of Revenue Says
- Updates to Washington Sales and Use Tax Rules for Industrial Use and Use Tax
- Understanding the Taxability of Cell Phone Data Charges in Washington
- Extension of Section 301 Exclusions for Chinese Products until May 31, 2024
- US sales tax foreign sellers – goods & digital services
ASIA PACIFIC
- Managing your customs implications for retroactive transfer pricing adjustment in Asia
- Updated Timetable will be in effect for the PINT A-NZ migration
- Is the tax rate correctly indicated when zero is noted in the VAT amount on the receipt?
- Exemption of medical services from VAT in educational institutions functioning as training bases
- Tighter GST Return Norms: Easing Life for Honest Taxpayers, Says CBIC Chief
- Explore the Enhanced GST e-Invoice System: Quick Actions, Resources, and Services at Your Fingertips
- India’s Lower House Considers 2024 Finance Bill with Tax Benefits for Start-ups and GST Clarifications
- Government notifies extension of specified exemption notifications and specific exemptions for customs duty up to 30 September 2024
- Transformative Measures: Phasing in Mandatory e-Invoice Integration with e-Way Bills
- Industry Experts Call for Lowering GST on Health Insurance in Budget
- Delhi High Court Directs Refund of GST on Course Fees Paid by Students to Educational Institutions
- No GST on Employee’s Payment for Canteen Services: AAR
- GST Registration can be Cancelled with Retrospective Effect only when Consequences are…
- CESTAT Weekly Round-Up
- Malaysia Preparing for Service Tax Increase
- Malaysia Implements 10% Sales Tax on Import of Low Value Goods
- Malaysia Service Tax to Increase to 8% in March 2024: Implementation Guidance
- Clarification on Digital Invoicing for Registered Persons by Government of Pakistan
- Pakistan taxpayers required to issue electronic invoices for fast-moving consumer goods must request extensions until government approves software providers
- Sindh Revenue Board Reports Impressive 34% Growth in Sales Tax Collection
- New Regulations to Fast-Moving Consumer Goods in Pakistan
- VAT exemption threshold for residential property sales raised to P3.6M and below
- New VAT Rules on Service Providers and Lessors: Are They Easy to Navigate?
- Philippines Tax Agency Clarifies Withholding Tax Rules for E-Marketplaces and Digital Financial…
- Book Industry Urges VAT Exemption to Prevent Negative Impact on Access to Knowledge
- Sri Lanka Proposes VAT on E-Services for Non-Resident Providers
- IRD Urges Public to Report Businesses Charging VAT Without VAT Registration
- IRD Conducts Raids on Businesses Charging Illegal VAT, Seizes Documents and Computers
- Kaohsiung Customs Offers Lunar New Year Clearance Service for Import/Export Cargo and Postal Parcels
- Small Businesses’ Eligibility for Mobile Payment Tax Incentives May Be Revoked
- Convenient QR Code Tax Payment for Small Businesses during Lunar New Year Holiday
- QQS tax report video tutorial
- Uzbekistan Implements Law Amending Tax Provisions, Including Removal of VAT…
EUROPE
- The Ultimate Travel Hack for EU VAT Refunds
- A Comprehensive Guide to Backdated VAT Registration and Filings in Europe
- VAT Rates in Europe: A Comparison of Standard and Reduced Rates in 2024
- 2024 VAT Rates in Europe
- Comments on ECJ C-442/22: False invoices issued by an employee without the employer’s knowledge: who indicates the VAT
- Summary of AG Opinion in ECJ C-533/22 (Adient) – The same means cannot be used at the same time to provide and receive the same services
- This is what happened in the ECJ (VAT) in January 2024
- Comments on ECJ C-442/22: The employee has issued a blank invoice, but the employer will be liable for this if they have not exercised due diligence
- Comments on ECJ C-442/22: The employee who issued them is responsible for empty invoices
- Comments on ECJ C-537/22: Irregularities insufficient for passive VAT fraud or refusal of the right to deduct
- Comments on ECJ C-442/22: Under certain circumstances, employee owes VAT when drawing up a false VAT invoice
- Company Liability for Blank Invoices: CJEU Ruling and Employer’s Due Diligence
- ECJ: Employer Liable for VAT When Employee Issues Fake Invoices
- Comments on ECJ C-537/22: Ruling on Hungarian VAT Deduction Case
- Court of Justice of the European Union Rules Directors’ Fees Not Subject to VAT
- Comments on ECJ C-791/22: ECJ Rules German Import VAT Case Incompatible with EU Directive 2006/112/EC
- ECJ Case C-442/22 (P Sp. z o.o.) – Judgment – Employee who issued empty invoice is responsible to report them
- HPA-Construções SA: CJEU ruling on reduced VAT rate for residential property renovation
- ECJ C-533/22 (Adient) – AG Opinion – Fixed establishment solely on the basis that the two companies belong to the same group?
- Implementation Decision (EU) 2017/2409: Authorization for Reduced Excise Duty on Electricity in Northern Sweden
- Transfer of Jurisdiction on VAT Preliminary Rulings to General Court: Reforming the EU Court System
- The Deloitte Intrastat Guide 2024: Filing Requirements and Procedures for EU Member States and UK
- The European CBAM: Obligations, Timeline, and Scope of Application
- 123rd VAT Committee Meeting: Guidelines on New Legislation for EU VAT Provisions and SME Scheme
- Intrastat thresholds 2024
- Intrastat Thresholds and Deadlines 2024
- DAC7 Deadline Extensions
- VAT Challenges for Virtual Events in a Post-Pandemic World
- Extension Granted: EU CBAM Deadline Deferred by 30 Days
- DAC7 Deadline Extensions: Countries Extend Submission Deadlines for Technical and Regulatory…
- Some EU Member States failed to implement DAC7 and VAT Directive on data exchange for payment service providers
- Extension of EU Carbon Border Adjustment Mechanism (CBAM) Return Submission Date
- The Future of Fiscal Reporting: CESOP and its Impact on Payment Service Providers
- Technical Issues with CBAM Transitional Registry and Import Control System 2 (ICS2)
- European Commission Acknowledges Technical Issues Affecting Submission of First CBAM Report and Allows Extension to File It
- European Parliament Agrees on Development Packaging (waste) Regulation
- EU reattempt tax on energy reforms to hit net-zero
- European Commission Initiates Tax Infringement Proceedings for Non-Compliant Member States
- Fraud in VAT: Employer’s Responsibility for Employee’s False Invoices
- Taxpayers win disputes over 100% VAT penalty
- Austria Updates VAT Exempt Gold Coin List in Official Gazette
- Austria MOF Clarifies Taxation of Advertising and Property Renovation Expenses
- VAT Treatment of Sequential Transactions in Cross-Border Trade
- Reversal of Decision on VAT and Penalties for a Swiss Company in Computer Trade
- Austria MOF Clarifies VAT Assessment for Construction Costs of Building
- Adoption of Bill Mandating E-Invoicing for B2B Transactions in Belgium
- RTC Expands: Trusted e-Invoicing Service Provider in Belgium
- Belgium Considers Bill to Remove VAT on Select Food Products
- From February 2024, all VAT account statements will be generated again for all VAT taxpayers
- Belgium B2B VAT e-invoicing Jan 2026 Bill approved
- Implementation of EU Proof of Union (PoUS) System for T2L and T2LF Certificates
- Approval of the law on E-Invoicing on the agenda of the Parliament on February 1, 2024
- Curators: Obligations for Reporting and Payment of VAT
- Cyprus Extends DAC7 Reporting Deadline for Platform Operators until 2024
- Cyprus Tax Agency Extends DAC7 Reporting Deadline for Digital Platform Operators
- A guide to VAT in France
- VAT refunds for showroom expenses
- French Tax Administration releases the Registered PDP candidates list
- Revocation of Cash Accounting Permission Due to Abuse: BFH Ruling of 12 July 2023
- Considerations for Business Restructuring
- Germany offer online marketplace operators the facility to check domestic VAT ID numbers
- VAT Treatment in Invoice for Division of Assets: BFH Ruling and Implications
- Germany issues guidance on obligations of payment service providers and other VAT developments
- VAT Treatment of Copyright Warnings: Lower Tax Court Ruling and Disputed Payments
- Place of Supply in Loss Adjustment: BMF Guidance and CJEU Ruling
- VAT Treatment of Parking Management Contracts: BMF Guidance and CJEU Ruling
- Discussions on Obligatory e-Invoicing in Germany to Proceed on 21st February 2024
- CO2 Border Adjustment System: First CBAM Report Due by End of January
- Uncompensated Contributions and Input Tax Deduction: Changes in Administrative Practice
- German B2B e-invoicing talks restart
- Resumption of German E-Invoicing Talks on 21 February
- Extension of DAC7 Reporting Obligation in Germany: Deadline Extended to March 31, 2024
- EU Court: Customs and import VAT can have different places of origin
- Understanding the Conditions for Input Tax Deduction and Donations in Germany
- Abusive control orders for E3 and myDATA disagreement issues
- Greece Tax Agency Issues Circular on Reduced VAT Rate for Catering Services and Non-Alcoholic Beverages
- Clarifications and Guidelines for VAT Application in the Catering Sector
- New Guidelines for Reduced VAT Rate in Catering Services: Clarifications from AADE
- Frustration about myDATA..
- Ministry of National Economy and Finance: VAT Suspension for real estate extended until 2025
- Information Booklets on EU Intra-Community VAT Rules
- New eVAT platform supporting M2M API to launch in 2024
- Finance Minister Michael McGrath Rejects VAT Changes for 2024 Amidst Hospitality Sector Crisis
- Revenue eBrief No. 032/24: Exchange of Information – Deferral of filing deadline for platform operators
- Motivation for the suspension of VAT refunds not integrable in the process
- Possible VAT in Italy for non-resident notaries
- Possibility of issuing variation notes by the buyer/contractor
- Italy Tax Agency Extends DAC7 Deadline for Digital Platform Operators
- Amendments to Italian tax rules effective from 1 January 2024
- How to File the Annual VAT Declaration for 2024
- Barter trade: relevance for VAT purposes clarified by the Italian Revenue Agency
- A possible third way (proportional) to combat VAT fraud: the joint liability of operators
- Analysis of barter transactions by municipality for the construction of a school building
- Tax Authorities Extend Deadline for DAC7 Filings through 15 February 2024
- Interpretation of Article 2 of Ministerial Decree on Integrated Water Service Invoicing
- University bar with 4% VAT rate only on cafeteria service, 10% rate on cold table service
- Latvia announces plans for mandatory B2B e-invoicing to combat shadow economy
- Latvia Tax Agency Provides Guidance on Taxation of Digital Currency Transactions
- Latvia Increases Intrastat Thresholds in 2024 to Comply with EU Regulation
- Latvia to Implement Mandatory E-Invoicing for B2B and B2G Transactions by 2025
- North Macedonia Implements VAT on E-Services by Non-Resident Companies from January 2024
- North Macedonia Tax Agency Releases Rulebook on VAT Implementation
- Malta Clarifies VAT Rate on Boat Hire Services: Guidelines for 12% Application Explained
- Guidelines for the application of the 12% VAT rate on the hiring of pleasure boats
- VAT Exemption for Delivery of Unimproved Plots
- DAC7 FAQs document published by Tax Authorities on practical aspects of reporting obligation…
- VAT deduction of renovation costs on the basis of the text of the Real Estate Decree
- The provision of accommodation to workers constitutes a supply of services effected for consideration
- Request for Refund of Incorrectly Charged VAT: No Appeal Allowed, Seek Civil Court Intervention
- E-invoicing and digital reporting obligations: The future of invoicing in the Netherlands
- New VAT Policy Decree: Updates on 0% Dutch VAT Rate for Sea Going Vessels
- No reduced VAT rate for trying on wedding dresses
- Veenendaal questions if it should pay VAT for the money earned from its three parking garages
- VAT Implications of Providing Temporary Housing for Foreign Workers
- Tax Obligations for Online Sellers: Hobby or Trade?
- Reselling Event Tickets Subject to 21% VAT
- Plastic bags separate transaction, taxable at standard rate
- No VAT deduction on construction of rented attic floor
- No VAT deduction on sale of shares, but part of the costs are exempt
- No additional deduction of turnover tax for complex development
- Burden of proof for computer game BV not reversed; VAT correction partially upheld
- No VAT deduction for renovation of villa rented to DGA
- Non-deductible pre-tax on selling costs of subsidiary BV
- Expansion of VAT zero rate for solar panels not desirable, according to State Secretary
- Ministry of Finance shares new information about KSeF with businesses
- Consultations on the Implementation of KSeF to Begin Soon
- Surprising Slowdown in Poland’s VAT Inflows at the End of 2023
- E-Invoicing: New implementation date will be announced in April/May 2024
- It is still difficult for entrepreneurs to prove that they are not fraudsters
- Prime Minister: VAT reduction for the beauty industry from April 1
- Polish VAT news in January 2024
- Service Maintenance Notice: Temporary Access Difficulties to National e-Invoice System Test Environment
- What’s Next for KSeF? Continuing Work or Abandonment Can Be Risky
- Mechanic Loses VAT Exemption for Selling Car Parts: Legal Ruling
- VAT Exemption for Sports Dance Services
- Fire Department has no right to deduct input VAT on investment expenses
- No right to deduct VAT by municipality in connection with investment in water reservoir
- Deduction of VAT. Tax authorities still do not trust parking in front of the house
- Unloading Asian goods without Polish VAT: Krajowa Informacja Skarbowej clarifies the rules
- VAT Fraud: Tax Authorities, Not Taxpayers, Must Prove It
- Mind the Gap, Please! How Portugal Could Reform Its VAT System
- Reforming Portugal’s VAT System: Addressing Gaps and Simplifying for Increased Competitiveness
- Ministry of Finance announces updates to the RO e-Factura platform
- Romanian Authorities Released New Technical Details
- Implementation of Mandatory E-Invoicing in Romania: Key Dates and Regulatory Guidelines
- Recommended registries for confirming 0% VAT rate on export VAT
- Publication of registries forms used to confirm zero VAT rate
- FNS Russia Recommends Mandatory VAT 0% Registry Formats for Exported Goods
- Slovakia’s FAQs on DAC7 obligations for digital platform operators provide clarity
- Information for economic entities regarding the Carbon Border Adjustment Mechanism: CBAM
- Service disruption of eDavki and G2G system on 1st February 2024
- Submission of CBAM report after the deadline: Important information for declarants
- New Guidelines for Reporting Online Platform Income Under DAC7 Directive
- Government Approves DAC7 Regulations Covering Due Diligence, Reporting Obligations of Digital Platforms
- Implementation of Unified Self-Assessment Correction System in Spain
- Official Clearance: DAC7 Regulations Encompassing Due Diligence and Reporting Duties for Digital Platforms Get the Green Light
- Spain Extends Zero VAT on Essential Food Items Until June 2024
- Resolution of May 23, 2023, regarding the regularization of improperly charged VAT
- Navigating Data Greediness and Complexity: Next Stop DAC7
- DGT Consultation: Permanent Establishment and VAT Considerations for UK Software Development Office
- Simplified VAT Order 1/2024 for the year 2024 in Navarra, Spain
- Updates on Tax Law Changes for the Years 2024-2028 by Swiss SFTA News Service
- Input VAT Deduction and (Non-) Entrepreneurial Sphere of Activity: BG Judgement…
- Budget reimbursement of VAT amounts to taxpayers in case of cancellation of VAT taxpayer registration
- Decision of the State Tax Service on the exclusion of data table: what form should it be?
- Adjustment nuances of non-taxable VAT operations in the VAT declaration
- Number of blocked VAT invoices in 2023
- How to calculate VAT on free receipt of services from a non-resident?
- Can the tax authority seize the computer of a buyer if the supplier did not reflect VAT?
- Tax-exempt operations in the provision of food services
- How is the export of goods reflected in VAT accounting if the customs declaration is deemed invalid?
- Re-registration of VAT payer due to change of name
- Taxation of Warranty Repair Services: VAT Implications
- Tax credit for VAT arises for the taxpayer regarding the contribution to the statutory fund
- Increase in the Number of High-Risk VAT Payers in Ukraine in 2023: Statistics from the SFS
- Taxation of VAT on warranty repair services for goods
- Navigating VAT and Motor Vehicles: Key Considerations and Complexities
- HMRC Fails to Meet Deadline for Responding to Criticism of Digital Tax Plans
- VAT Basics: Should Small Businesses and Startups Register Voluntarily?
- UK Government Removes VAT Charges for domestic battery energy storage systems, benefiting 1.2 Million Homes
- Supreme Court Holds Loan Services Not Exempt from VAT in Target Group Case
- Bolt Services UK Ltd – HMRC has received permission to appeal to the UT – TOMS – whether scheme…
- Aesthetic-Doctor.com Ltd – FTT – Cosmetic treatments – whether exempt – no – taxpayer loss
- Updates to HMRC VAT Notices: Changes to VAT groups, penalties, and application process.
- Updates to VAT rules for buildings and construction: zero-rating, certificates, and self-supply charges.
- UK VAT guide 2024
- Bollinway Properties Limited Denied Repayment Supplement Following Assignment of Input…
- UK to Introduce Carbon Border Adjustment Mechanism (CBAM) by 2027
- Recovery of Residual Input Tax in VAT: Dual Use and Standard Method Override
- UK High Court Denies Casino’s Attempt to Recover £1.2 Million VAT Bill
- Postponed VAT Accounting in UK-EU Trade for SMEs
