VATupdate.com Daily Newsletter: February 6, 2024

Headlines February 6, 2024

• ECJ Customs – C-782/23 (Tauritus) – Questions – Customs Valuation Debate: Seeking Clarity
• Updates on French VAT Reform, Official Guidelines on Bundled Supplies, and Changes in Art Market VAT
• Poland Initiates Consultation on KSeF System Following E-Invoicing Delay

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• VATupdate Newsletter Week 4 2024
• 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 50&51/2023
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in January 2024
  • Worldwide Changes to E-Invoicing/E-Reporting per January 1, 2024
• ECJ
  • ECJ VAT cases decided in 2023 incl. Case # and name, Articles discussed, Topic, Questions and Decision
  • Agenda of the ECJ VAT cases – 5 Judgments, 1 Hearing announced till March 7, 2024
  • 971 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in January 2024
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in January 2024
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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BRAZIL

• Brazil Tax Agency Releases Updated Version of Electronic Bookkeeping Platform for ICMS, IPI

CANADA

• Canada Sales Tax: Winter 2024 – Consider a Voluntary Disclosure for Errors in Your GST/HST Reporting
• Canada trade compliance verification list update — January 2024

CHINA

• Announcement on the Continued Implementation of the Pre-collection Rate of Land Value Added Tax in Hubei Province

EUROPEAN UNION/ LITHUANIA

• ECJ Customs – C-782/23 (Tauritus) – Questions – Customs Valuation Debate: Seeking Clarity

EUROPEAN UNION/ ROMANIA

• European Court of Justice Opinion on Romanian VAT Place of Supply Rules

FRANCE

• Updates on French VAT Reform, Official Guidelines on Bundled Supplies, and Changes in Art Market VAT

GERMANY

• Germany Implements VAT Exemption for Management of Alternative Investment Funds
• Lower VAT on gas may not expire until the end of March
• Non-application decree issued by Federal Ministry of Finance regarding input VAT deduction for development facilities
• Treatment of Parking Space Management Contracts for VAT Purposes; ECJ C-90/20

GHANA

• Ghana Revenue Authority Implements New Tax Laws and Amendments

GREECE

• 5 Initiatives of the Ministry of National Economy and Finance for Real Estate

INDIA

• Bail Granted on Condition of Deposit with GST Authorities
• Government to Remove Edit Option for GST Invoices to Curb Fake Invoicing

ITALY

• Exiting Cash VAT with Ordinary Deduction: No Need to Redetermine Credit for Previous Settlements

JAPAN

• Japan Implements Stricter Consumption Tax Rules for Non-Residents

LATVIA

• Taxation Guidelines for Digital Currency Transactions in Latvia

MALTA

• New 12% VAT Rate in Malta for Chartering Activity and Other Services in 2024

NETHERLANDS

• Changes to Dutch VAT Group Scheme in 2024 Impact Foreign Businesses
• Taxed delivery to private individual if they pay with voucher from platform

PAKISTAN

• Pakistan Introduces New Single Sales Tax Return and Portal for Taxpayers

PANAMA

• The State of Electronic Invoicing in Panama

PARAGUAY

• Paraguay Extends Mandatory Electronic Invoicing Deadline for New Taxpayers until 2025

POLAND

• Poland Initiates Consultation on KSeF System Following E-Invoicing Delay
• Poland to Impose VAT on Ukrainian Vegetable Oil, Cap Sugar Imports
• Potential Consequences of Lower VAT for Beauty Services: EU Commission Warning
• VAT on bank certificates: Authorities deny exemption despite conflicting court rulings

PORTUGAL

• VAT Exemption for Management Companies in Portugal: ECJ Ruling and PTA’s Position

SAUDI ARABIA

• VAT Treatment of Private Educational Services in Saudi Arabia: ZATCA Clarifies Guidelines
• ZATCA Introduces New Rules for Bonded Zones in Saudi Arabia

SPAIN

• CBAM Registration Access: Granting Power of Attorney for Online Procedures
• Exemption of VAT for non-urbanized or under development lands
• NFTs: Unique Digital Assets Granting Usage Rights to Buyers
• Spain Publishes Regulations for DAC7 Reporting Requirements
• Tax implications of selling crushed plastic waste: application of the reverse charge rule
• Taxation of live event streaming service on an online internet platform
• Transmission of Assets Excluding Certain Contracts and Accounts (TOGC)

SRI LANKA

• Global Digital Operators Must Pay VAT According to Sri Lankan Tax Laws

SWITZERLAND

• Challenges in Input Tax Deduction (Not Only) in Transaction Context

UKRAINE

• Consequences of Blocking VAT Payer’s PN Registration in Active Combat Zone

UNITED KINGDOM

• Appeal against HMRC’s Decision on VAT Conversion of Commercial Vehicle to Car
• Appeal Dismissed: Denial of Input Tax Deduction on Purchase of Labour for VAT Fraud
• Supplier of Cosmetic Services Faces £1.6 Million VAT Bill After Dispute with HMRC

UNITED STATES

• Arkansas Denies Sales Tax Exemption for Lease of Pallets, Upholds Short-Term Rental Tax
• Determining Multistate Sales Tax Obligations: 4 Steps for Your Company
• Expansion of Sales and Use Tax Exemptions for Data Processing Enterprises in Mississippi

WORLD

• VAT Advisor: Simplifying Deemed Supplier and Reseller Obligations in B2C and B2B Transactions
• VATupdate.com Daily Newsletter: February 2-5, 2024

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