Receipts
Welcome, fellow VAT-people, to the ever-amusing realm of Value Added Tax. Here is another newsletter for you. I’m sure you have been looking forward to it again all week.
Now, let’s be honest, VAT has a bit of a reputation. It’s like the grumpy uncle of the tax family, always showing up uninvited and demanding his share of the party snacks. It’s like a sneaky little ninja tax that hides within the price of goods and services, ready to pounce when you least expect it. You think you’re paying EUR 10 for that fancy avocado toast, but oh no, VAT is there to remind you that nothing in life is truly avocado-y without a little extra tax.
VAT is one of the largest sources of income for the government. It’s a tax on consumption, so it’s borne by us, the private individuals, as the last party of the supply chain, from source to market.
And even if there is not VAT on your receipt, you’re still paying it. The services or goods that you buy may be exempt, but that means that your supplier has taken the VAT-hit. And he will likely have included it in his sales price to you.
On the bright side, taxation in general, and specifically the, sometimes crazy, VAT rules and case law are always topics that enlighten every party, event or social occasion. As soon as you tell people that you’re ‘doing VAT’, you will become the centre of attention. And not just to mock you or tease you. Just make sure you always have some funny anecdotes ready.
Such as the VAT rate on Jaffa Cakes or Pringles. Or that case where the court said that bridge is not a sport. Or the VAT on Only Fans charges.
If you want to know more anecdotes, or want to read more on VAT in general, just come to our website. We won’t ever mock or tease you, we are VATupdate!
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
- European Commission Grants Canada DAC7 Equivalence for Automatic Exchange of Information on Digital Platforms
- E-Invoicing & E-Reporting developments in the news in week 7/2024
- Global tax compliance and ESG: latest trends for 2024
- Global recent developments on Cryptocurrencies & NFT’s
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- PE Watch | 2023 in review
- E-invoicing: Your Guide – This guide is all you need to understand e-invoicing for good
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting March 1, 2024
- Webinar Taxera – Customer Success Story – Romania SAFT and eInvoicing (Feb 20, 2024)
AFRICA
- Ghana Introduces New Emissions Levy
- Ghana imposes emissions levy
- Ghana suspends 15% VAT on residential electricity usage after consultations with stakeholders
- Ghana Ministry of Finance Suspends 15% VAT on Residential Electricity Consumption
- Ghana Suspends Implementation of 15% VAT on Residential Electricity Consumption
- Kenyan VAT Simplification Initiative Delayed
- Kenya pre-filled VAT returns 2024 update
- KRA Announces New Dates for Pre-Filled VAT Returns Implementation in Kenya
- VAT return pre-filled from February 2024
- PwC suggests VAT increase as a potential solution for South Africa’s financial challenges
- South Africa May Need to Hike Value-Added Tax in Next Budget, PwC Says
- VAT Treatment of Supplies Made: Agent Status and Burden of Proof
- South Africa commences preferential trade under the African Continental Free…
- Retailers want VAT on rice removed
- Call to scrap import duty and VAT on condoms
- Government Urged to Scrap VAT and Duty on Condoms to Promote Accessibility and Usage
- Zimbabwe Amends VAT Exemptions for Essential Goods and Services introduced in 2023
AMERICAS
- Ecuador Now Targeting Lesser VAT Hike
- Update – Ecuador Moving Forward with VAT Rate Increase
- Ecuador Considers Standard VAT Increase to Address Rising Organized Crime
- Ecuador Assembly Approves Security Contribution Taxes and Considers VAT Increase Proposal
- Updates to Electronic Invoicing in Ecuador: Second Supplement No. 467 Published
- US extends “truce” with countries imposing digital services taxes
- Washington State appellate court finds sellers responsible for sales tax and B&O tax on sales made through Amazon’s FBA program
- Navigating Sales and Use Tax Challenges in the Direct Mail Industry
- Iowa Amends Sales and Use Tax Regulations to Clarify Collection Requirements and Sourcing Rules
- South Dakota Supreme Court Rules Infrastructure Management Company Must Pay Use Tax
- Kansas Implements Planned Reduction in Sales and Use Tax Rate on Food and Food Ingredients
- Florida Sales Tax Rates Could Surge with New Proposal to Replace Property Taxes
- Tax Treatment of Sales of Motor Fuel via Mobile App: Illinois Department of Revenue’s Guidance
- Nebraska Expands Sales Tax Exemptions: Boosting Nonprofits, Agriculture, and Construction
- South Dakota Supreme Court Upholds Use Tax on Out-of-State Construction Equipment
- Revised Tax Matrix for Illinois Retailers and Marketplace Facilitators: Updated Information on Sales and Use Tax
ASIA-PACIFIC
- Several VAT exemptions have been introduced in Azerbaijan
- Following individuals are identified as liable for VAT
- 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
- Solid Waste Management Services undertaken for municipality is exempt from GST
- Launch of Electronic Gold Receipt Trading Hindered by GST Issues
- DGGI Summons 10 Foreign Airlines in India for Alleged GST Evasion
- Supply of medicines, drugs, consumables, food to in-patients of a hospital to be composite supply, exempted from GST
- GST Council likely to discuss co-insurance, re-insurance issues at next meet
- GST Council to Address Co-insurance and Re-insurance Issues in Upcoming Meeting
- Industry Urges Government to Double GST Registration Threshold Limit to Rs 40 Lakh
- Weekly GST Communique dated February 12, 2024
- Kazakhstan Abandons VAT Rate Hike Following President’s Instruction
- Kazakhstan Abandons Plan to Increase VAT in 2025
- Kazakhstan Tax Agency Provides Clarification on Tax Code Amendments
- Kazakhstan 2025 VAT rise scrapped
- e-Invoicing in Malaysia: e-Invoicing system and implementation process
- Malaysia Service Tax rise to 8% March 2024 implementation guidance
- Malaysia Updates Guidelines for E-Invoicing Requirements and Releases Software…
- Important Notice: 2018 Service Tax Transition Guide for Changes in Service Tax Rates
- KPMG Malaysia Reports on Draft Guides for Logistics Services by RMCD
- Changes to Service Tax Rate and Scope: Effective from 1 March 2024
- Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
- Malaysia Releases Technical Guidelines for E-Invoicing System
- Malaysian e-Invoicing system Software Development Kit released
- Exciting News for Malaysian Businesses: Major e-Invoicing Update
- Malaysia Introduces New e-Invoicing System to Boost Digital Economic Growth
- Malaysia Released a New e-Invoice Guideline and Software Kit (SDK)
- Royal Malaysian Customs Department Provides Draft Guide on Increase in Service Tax Rate and Expanded Scope
- ECC Approves 25% Sales Tax Increase on Local Vehicles in Effort to Boost Revenue
- Pakistan Tax Agency Requires E-Invoicing for FMCG Sector
- Pakistan Requires Electronic Transmission of Sales Tax Invoices by FMCG Sector
- Insurance Sector Contributes Rs 10.15 Billion in Sindh Sales Tax, Highlighting Economic Significance
- Clarification on Tax Treatment of Cross-Border Services: RMC No. 5-2024 Explained
- Implementation of VAT on COVID-19 prevention and treatment goods starting January 2024
- Thailand’s Bold Move: VAT on Chinese Imports Protects Local Enterprises
- Thai PM Urges VAT Collection on Cheap Chinese Goods to Prevent Unfair Trade Competition
- Thailand announces additional criteria for battery powered electric vehicles produced in Free Zones
- Extension of the Tax Relief for Digital Asset Trading
EUROPE
- Comments on ECJ C-733/22: Landmark Ruling on Bulgarian Reduced VAT Rate for Accommodations
- Comments on ECJ C-537/22: ECJ indicates how to exercise due diligence
- ECJ VAT Valentine’s day Readings: Cinema Admissions, Online Entertainment, Video Streaming
- Agenda of the ECJ VAT cases – 4 Judgments, 3 AG Opinions, 2 Hearings announced till March 14, 2024
- Comments on ECJ C-733/22: Application of reduced VAT rate not dependent on classification certificate
- Flashback on ECJ cases C-163/91 (Van Ginkel Waddinxveen) – TOMS applies for Provision of holiday accommodation by a travel agent without transport
- ECJ Judgement: VAT Application for Subscription Gifts to New Subscribers
- EU started infringement procedures against Cyprus, Ireland and Romania on CESOP
- DAC7 Deadline Extensions –…
- Intrastat – Many EU countries changed their thresholds as of 2024
- Belgium urged to prioritise the SVR element of ViDA during current EU Council presidency
- Customs – Publication of amended data requirements, formats and codes
- New Phase of EU Excise Movement System Enables Interoperability with Export Systems
- Extension Granted for Submission of First CBAM Report
- Transfer Pricing and VAT: The Court of Justice’s Role in Bringing Clarity
- European Commission Implements Common Data, Format Requirements For Exchange, Storage of Customs Information
- European Commission Urges Germany to Comply with EU VAT Rules for Private Tuition Services
- Greece asked to remove excise duty exemption for tax-free shops at land borders
- EU Court to Clarify VAT Obligations for Multinational Companies in Transfer Pricing Adjustments
- Changes to Northern Ireland’s VAT accounting schemes for distance sales and penalties regime
- VAT Account Statements Available Again as of Feb 1, 2024
- Legislative changes in the field of VAT: a state of affairs
- Reminder: B2G invoicing mandatory for contracts above 3,000 EUR as of March 1, 2024
- VAT declaration for café owners and small café owners – first quarter 2024
- Revision of AES Timing: New Application Launch Date and Transition Deadline
- e-Invoicing mandates and updates: Belgium
- New requirements for electronic sales registration systems for certain sectors in 2024
- Service Window for Annual Statement, Advance and VAT Declarations on 12 Feb 2024
- Disallowed deduction for expenses for purchase VAT for purchase and construction of orangery
- In 2023, Chorus Pro received nearly 78 million invoices, annual growth rate of 5.4%
- E-Invoicing – Meeting of the community of communication relays at Bercy on February 16, 2024
- France NFT VAT electronic service
- Reduced VAT Rate of 5.5% Applied to Male and Female Condoms
- French Court Supports Eaton Entity’s Request for €2.3 Million Tax Refund
- Tax Authorities Publish Ruling on VAT Regime for NFTs
- France’s e-invoicing reform – A crucial part of the fight against fraud
- Will hotels, Airbnb, and para-hotel establishments have to pay VAT in 2024?
- Reporting obligations of digital platform operators (DAC7) – transitional regulations for the first reporting period
- Does the reduced VAT rate on gas still apply until March 31, 2024?
- Input VAT adjustment for the subsidiary company (BFH)
- BMF Provides Guidelines for Input Tax Allocation Based on Turnover Key
- Updated Factsheet on Customs Declarations, Summary Declarations, and Re-Export Notifications (2024)
- BMF clarifies application of zero tax rate for photovoltaic systems
- Allocation of Input Tax Based on Sales Ratio and Application of Overall Turnover Key
- Liability for VAT in case of fraudulent invoices issued by an employee without employer’s knowledge
- Germany meat tax
- FG of Saarland – whether German late payment interest rules are compatible with Union law
- Economic Chamber of Greece: Suspension of VAT declaration lockout should be implemented
- Guidance on Reporting Obligations for Digital Platform Operators in Greece (DAC7)
- Greece Clarifies VAT Rules for myDATA Digital Platform in Official Gazette Decision
- Application of VAT Rates for Non-Alcoholic Beverages and Catering Services in Greece
- Clarity on AEOI Declaration Procedures for Digital Platform Operators
- E-Invoicing in Hungary Demystified: How to Excel with the NAV System
- VAT Exemption for Dental Transactions in 2024
- Changes in Hungarian Reverse Charge Mechanism for Construction: Implications and Compliance Requirements
- Budget Law 2024 – New provisions in the VAT, excise duties, and consumption tax field
- Italy Begins Accepting Annual VAT Returns
- Integration, Submission, and Payment of 2023 VAT from February 15
- Italy implements a pre-filled VAT return process
- VAT liquidation for farmers with possible adjustments: recovering credits in the first settlement
- Modifications to the pre-filled VAT declaration possible from February 15th
- Professionals and expense recharging: what is the most convenient solution for VAT purposes?
- Reimbursable costs related to guarantees in group VAT are extended by Cassation
- Malta VAT guide 2024
- Malta Provides Guidelines on the Reduced VAT Rate on Care of the Human Body and on Management of Credit and Credit Guarantees
- Malta Provides Clarity on 12% VAT for Credit-Related Financial Services
- Malta Issues Guidelines on Application of Reduced VAT Rate on Specific Healthcare Services
- Understanding the 12% VAT Rate for Pleasure Boat Rentals in Malta
- VAT changes in Montenegro from 2024
- Changes in VAT for food and drinks in Montenegro starting from 2024
- The Tax and Customs Administration has not made it plausible that there are at least non-negligible economic…
- Non-economic Activities and Contributions in Education
- Non-economic activities performed by educational institution: no VAT deduction
- Is the taxpayer considered a VAT entrepreneur? Analysis of the burden of proof.
- Inadmissible to claim input tax deduction due to lack of evidence of opting for taxable rental
- Orthopedic Footbeds Not Eligible for Reduced Rate
- Civil servants urge reform of tax system: Lowering VAT is expensive and primarily benefits higher-income individuals
- Standard VAT rate applicable to rental of cabin sailboats – No reduced rate for sports facilities
- Tax and Customs Administration not obliged to conduct further research into or ask questions about…
- Membership Contribution for Off-Road Vehicle Enthusiasts Association Not Subject to VAT
- Non-taxability of membership fees for a vehicle enthusiasts association
- BV and director convicted for VAT fraud and forgery of documents
- VAT entrepreneurship with a home battery not self-evident
- Dutch Supreme Court provides step-by-step plan for VAT classification of land with remaining…
- Registration under DAC7 is separate from determining if a seller is a national entrepreneur
- No VAT deduction on services for sale of shares – costs partially exempt
- Deductibility of VAT on renovation costs for rented holiday home to director
- Despite the remnant of the wall, the plot is undeveloped
- Norway VAT guide 2024
- Skattedirektoratet’s Statement on the Scope of the VAT Exemption for Public Authority Activities
- e-Invoicing mandates and updates: Poland
- KSeF consultation on security and consumer invoices
- Update on Delay to Mandatory KSeF Implementation: New Effective Date and Potential Changes
- No 8% VAT on Ukrainian food oil
- Polish mandatory B2B e-invoicing consultations announced
- Polish e-Invoice Consultation Starting
- Service disruptions in accessing the pre-production (Demo) and production environment of the…
- Poland’s Consultation on Electronic Invoicing Implementation and Design Elements
- Poland’s Supreme Administrative Court Decides VAT Rate on Take-Away Meals
- Public Consultations for KSeF B2B E-Invoicing Launch: Safety, Performance, and Industry Concerns
- Adapting Systems for KSeF: Buffering and Update Management Strategies
- Chess instructor is also entitled to VAT exemption
- Brussels defends VAT exemption for private education
- New KSeF obligation date to be announced by the end of Q2 2024
- Official Schedule for Poland’s KSeF e-Invoicing System Consultations
- Official Schedule for Poland’s KSeF e-Invoicing System Consultations: Engaging Stakeholders for a Digital Future
- Asian fraud on electric bicycles: Attempt to avoid VAT payment.
- Scheduled consultations will determine a new implementation date for KSeF
- Lower VAT for the beauty industry from when? If in Ireland, then why not in Poland
- New Implementation Date for E-Invoice in Poland to be Announced in April or May
- Poland Announces Resumption of Work on DAC7 Transposition
- KSeF will make correction notes a thing of the past
- Self-invoicing and the obligatory KSeF
- Poland 2025 e-invoicing Feb-Mar consultations
- When you have VAT of 5% and 9% on housing in 2024
- Ministry of Finance will develop a mobile application for e-invoice
- Implementing e-Transport System for Fiscal Monitoring in Romania
- RO e-Invoice system – who and what
- Romania VAT guide 2024
- New VAT rules for used cars will come into effect from the second quarter
- Russia Amends List of VAT-Exempt Imported Equipment
- Russian Ministry of Health proposes exempting ambulance transportation services from VAT
- Slovenia Warns Taxpayers To File VAT Returns On Time
- Notice regarding timely submission of VAT return: FURS to impose stricter penalties for non-compliance.
- Complying with DAC7: Obligations and Requirements for Platform Operators in Spain
- Replacing Thermal Panels due to Damage: VAT Considerations
- Understanding the Impact of New E-commerce VAT Rules in Switzerland
- Revision of VAT law confirmed and draft of amended VAT ordinance published
- VAT Refund and Loading Issue in Export
- Türkiye Clarifies Certain Aspects of VAT Implementation
- Amendments to VAT Rules in Communique No. 50
- Turkey Extends VAT Deadline for Taxpayers Eligible for Deductions
- Turkey Amends VAT Rules in Official Gazette Communique No. 50
- Turkey Extends VAT Return and Payment Deadline for Taxpayers Responsible for VAT Deduction
- Changes Made to the General VAT Implementation Communiqué No. 50 on VAT
- Negative VAT value in declaration and its inclusion in the tax credit of the next period
- Consideration of Conditional Sales through Cancellation of VAT Registration for Re-registration
- List of VAT-exempt food service operations
- Budget reimbursement of VAT amounts to taxpayers in case of cancellation of VAT taxpayer registration
- Is the decision on automatic data table consideration sent to the VAT payer?
- Can Excess VAT Payments be Returned to the Electronic Account in the SEA?
- Supply of Medicines Subject to 7% VAT: Explanation from the State Tax Service
- Taxation of VAT-free transfer of goods to the Armed Forces of Ukraine: clarification from the SFS
- How can VAT payers find out about VAT tax efficiency indicators?
- HMRC challenges UK VAT status of online traders
- HMRC Guidance: Health Professionals and Pharmaceutical Products (VAT Notice 701/57)
- HMRC’s One to Many Campaign: Addressing VAT Issues for Non-Resident Traders on Online Marketplaces
- The Impact of Insolvency on VAT Groups: Updated Guidance and Clarity from HMRC
- Amazon Sellers Face Bankruptcy as VAT Check Debacle Leaves Funds Frozen
- Upper Tier Tax Tribunal rules against Hippodrome Casino’s VAT recovery method in partial exemption…
- Changes to VAT and BIK for Double Cab Pick-Ups: What You Need to Know
- New VAT distance sales rules implemented, with exceptions for IOSS representatives in Northern Ireland
- Updates to UK VAT OSS and IOSS rules: Removal of VAT reporting for internal UK sales
- The Complex Question of VAT: Business vs Non-Business Activities
- Walkers’ Sensational Snack VAT Decision: No Zero Rate for Sensations Poppadoms
- The Impact of Non-Monetary Credits in Refer-a-Friend Schemes on VAT Treatment
- UK Supreme Court Prohibits Gardening Company from Recovering £15 Million in VAT Damages
- Unlocking import VAT: the role of ownership
- Value Added Tax (Distance Selling) (Amendments) Regulations 2024
- VAT on school fees: Q&A
- Understanding Transfer of a Going Concern: The Basics of TOGC and How We Can Help
- VAT Evidence for Exports: The H Ripley Case and the Burden of Proof
- Who should register for VAT (VAT Notice 700/1)
- Consultation on Draft Regulations for Alcoholic Products Excise Duty in 2024
MIDDLE EAST
- The Future of e-Invoicing in the UAE: A Comprehensive Overview
- Ministry of Finance unveils e-invoicing plan details
- UAE Ministry of Finance Announces Decentralized Mandatory B2B & B2G E-Invoicing by July…
- UAE CTC e-invoicing framework officially unveiled
- UAE Finance Ministry Official Confirms No Plans for VAT Rate Increase in 2024
- FTA Updates List of Eligible UAE Charities for Input VAT Recovery
