VATupdate.com Daily Newsletter: February 17 & 18, 2024

Headlines February 17 & 18, 2024

• E-Invoicing & E-Reporting developments in the news in week 7/2024
• Hungary – E-Invoicing in Hungary Demystified: How to Excel with the NAV System
• EU VAT Directive 2006/112/EU applicable as of January 1, 2024
• Belgium urged to prioritise the SVR element of ViDA during current EU Council presidency
• Intrastat – Many EU countries changed their thresholds as of 2024

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• VATupdate Newsletter Week 6 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 6/2024
  • 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
  • 1002 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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AZERBAIJAN

• Following individuals are identified as liable for VAT
• Several VAT exemptions have been introduced in Azerbaijan

BELGIUM

• VAT Account Statements Available Again as of Feb 1, 2024

CYPRUS

• Cyprus VAT guide 2024

DENMARK

• New requirements for electronic sales registration systems for certain sectors in 2024

ECJ

• Comments on ECJ C-733/22: Landmark Ruling on Bulgarian Reduced VAT Rate for Accommodations
• Flashback on ECJ cases C-163/91 (Van Ginkel Waddinxveen) – TOMS applies for Provision of holiday accommodation by a travel agent without transport

EUROPEAN UNION

• EU started infringement procedures against Cyprus, Ireland and Romania on CESOP
• Belgium urged to prioritise the SVR element of ViDA during current EU Council presidency
• EU VAT Directive 2006/112/EU applicable as of January 1, 2024
• Intrastat – Many EU countries changed their thresholds as of 2024

FRANCE

• E-Invoicing – Meeting of the community of communication relays at Bercy on February 16, 2024
• France NFT VAT electronic service
• In 2023, Chorus Pro received nearly 78 million invoices, annual growth rate of 5.4%

GERMANY

• Reporting obligations of digital platform operators (DAC7) – transitional regulations for the first reporting period

HUNGARY

• E-Invoicing in Hungary Demystified: How to Excel with the NAV System

INDIA

• Penalty cannot be imposed in the absence of E-way bill until the department proves intention to evade tax
• Recovery of GST on non-payment to creditors within 180 days based on Consolidated Financial is unjustifiable
• Transfer of development rights would be considered as service under GST Law

ITALY

• Budget Law 2024 – New provisions in the VAT, excise duties, and consumption tax field

JORDAN

• Jordan makes an announcement to taxpayers regarding e-invoicing adoption

MALAYSIA

• e-Invoicing in Malaysia: e-Invoicing system and implementation process
• Malaysia Service Tax rise to 8% March 2024 implementation guidance

MALTA

• Malta VAT guide 2024

POLAND

• e-Invoicing mandates and updates: Poland
• KSeF consultation on security and consumer invoices

UNITED ARAB EMIRATES

• The Future of e-Invoicing in the UAE: A Comprehensive Overview

UNITED KINGDOM

• HMRC challenges UK VAT status of online traders
• HMRC Guidance: Health Professionals and Pharmaceutical Products (VAT Notice 701/57)

UNITED STATES

• US extends “truce” with countries imposing digital services taxes

WORLD

• E-Invoicing & E-Reporting developments in the news in week 7/2024
• Global tax compliance and ESG: latest trends for 2024
• VATupdate.com Daily Newsletter: February 16, 2024

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