Not crazy
Do you also sometimes have these days that just seem soooooooo long? Where you are working hard, day after day, and you don’t have time for a break? Well, here’s a trick that may get you a couple of days off from work.
Two guys in an office wanted a day off from work, but their boss didn’t allow that. The first guy says: “I think I know a solution”, and he got up, climbed on his desk and somehow managed to hang upside down from the ceiling, with his feet stuck in one of those ceiling tiles.
“What are you doing?”, said the second man. “I’m a lamp, I’m a lamp”, shouted the first man, gently swinging from left to right.
Their boss came in the office, curious what the shouting was all about. “what’s going on here?”, he asked.
“I’m a lamp, I’m a lamp”, shouted the first man again.
“Oh no”, said the boos, “you’re clearly overworked and perhaps gone over the edge a bit. Why don’t you go home and stay there a couple of days until you’re feeling ‘less enlightened’.”
So, the first man lets himself drop from the ceiling, packs his bag and leaves the office.
The second man started to pack his things too, put his laptop in his bag and started putting on his coat.
“What do you think you’re doing?”, said the boss.
“I’m also going home”, said the second man. “You don’t think I can work in the dark, do you?
Let us know if you ever hang on the ceiling. I mean, it’s almost the same as being a VAT-person, right?
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
- Avoiding VAT Recovery Mistakes: Common Errors and How to Prevent Them
- The Role of QR Codes in Ensuring Invoice Validity
- E-Invoicing & E-Reporting developments in the news in week 8/2024
- Beyond VAT Registration: The Critical Role of VAT Filing for E-commerce Sellers
- Understanding VAT Compliance in the Growing Creator Economy
- E-Invoicing Mandate delays – what to do next
- Interested in advertizing and/or sponsoring www.vatupdate.com? It starts as of 2.75 EUR/day ….
- IBFD Training: Advanced Professional Certificate in International VAT/GST – Starting March 1, 2024
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
- RTC – 2024 Tax Compliance Virtual Symposium | European e-Invoicing Journey (Feb 29, 2024)
AFRICA
- Botswana’s 2024 budget unveils plans for e-invoicing implementation
- Botswana e-invoicing 2024
- Botswana VAT on non-resident digital services
- Botswana 2024 Budget: Taxing Digital Sales and E-Invoicing Requirements Discussed in Minister’s Speech
- Enhancing VAT Compliance: Kenya Revenue Authority’s eTIMS Implementation and Filing Process Improvements
- Navigating VAT Impact on Insurance Premiums and Business Operations
- New VAT Regulations for Non-Resident Service Providers
- Ministry of Finance Publishes Circular on VAT on Remote Services Supplied by Non-Residents
- Morocco VAT on B2C digital services 2024
- Increase in carbon tax rate and carbon fuel levies
- South Africa Legal Institute Clarifies Zero-Rated VAT on Services for Non-residents
- VAT apportionment at tertiary education institutions – TUUP v SARS Case No.: VAT 22402
- VAT Input Deductions Dispute: TUUP v CSARS Case Study in South Africa
- Budget 2024: No VAT Increase Expected, Tax Expert Predicts Price Hike on Beer and Cigarettes
- Navigating the Potential VAT Increase in South Africa’s 2024 Budget: Analysis and Implications
- Debate on South Africa’s VAT Hike: Experts Split on Economic Impact and Social Equity
- South Africa Tax Court Rules Against Input VAT Deductions for Mixed-Supply Entities
- Zambia’s countrywide e-invoicing program requires compliance by 1 July 2024
- Zambia Introduces Smart Invoice for VAT Registered Taxpayers: Implementation Date Announced
- Zambia e-invoicing July 2024
AMERICAS
- Brazilian Tax Agency Launches New E-Bookkeeping Platform for ICMS and IPI Taxes
- NF-e – Mandatory electronic invoicing system in Brazil
- Brazilian VAT Reform: Simplifying Taxation for Businesses and Investors
- Understanding the New GST/HST Electronic Filing Requirements: What You Need to Know
- Canada GST Increase 2024: When & How Much Will GST Increase in 2024?
- Washington Department of Revenue Clarifies Non-Transportation Aircraft Lease Payment Sourcing for Sales Tax
- Washington Department of Revenue Clarifies Tax on Digital Entertainment…
- Arizona Transaction Privilege Tax Exemption for Forklifts: Key Takeaways for Manufacturers
- Proactive Strategies for Streamlining Sales Tax Audits: Tips for Companies to Prepare Efficiently
- The Evolution of E-Commerce: Trends, Challenges, and Sales Tax Compliance
- Alabama Department of Revenue Announces Sales and Use Tax Exemption for Exempt Entity Projects
- Maximizing Sales Tax Savings: Utility Studies for Manufacturers’ Use Tax Exemptions
- New Jersey Superior Court Upholds Tax Regulations for Sales and Use Refund Claims
- Navigating Sales Tax Collection: A Guide for Retailers in Today’s Dynamic Marketplace
- US armistice on Digital Services Tax retaliation
- S. and European Countries Extend Agreement on Transition from Digital Services Taxes
- Louisiana Appellate Court Says Store Can’t Claim Bad-Debt Refunds on Sales from Store-Branded Credit Cards
- Iowa: Rule Changes Address Sourcing Sales of Digital Products and Remote and Marketplace Sales
ASIA-PACIFIC
- India Unlikely to Extend Moratorium on Customs Duties
- Challenges in Indian GST Regime: Multiplicity, Compliance Burden, Delayed Refunds,…
- ₹10,000 crore GST fraud: Assets worth ₹5 crore of two suspects attached
- Understanding the Controversy: Anti-Profiteering Provisions in GST Laws Explained
- ‘Transfer of development rights’ by landowner to developer a service, not outright ‘sale of land’
- Plan to include SEZs and EOUs in the RODTEP Scheme
- GSTN Issues Important Advisory on Enhanced E-Invoicing Initiatives and Launches Enhanced E-Invoice…
- Weekly GST Communique dated February 19, 2024
- Interest of 15% is allowed on delayed refund of deemed export duty drawback
- Indonesia Extends Tax Incentives for Electric Vehicles to Boost Sales
- Indonesia Extends VAT Deduction for Electric Cars Until 2024
- Updates on Sales Tax and Service Tax (SST): Important Changes Effective March 2024
- Malaysia: Updated E-Invoicing Guidelines for 2024 Compliance
- Malaysia’s Final Guide: Service Tax Rate Change on Foreign Digital Services Transition Rules
- Malaysia Updates E-Invoicing Guidelines and Releases Software Development Kit
- When the BIR says ‘mine’ to online sellers
- FDA Endorses 20 Medicines for Cancer, Hypertension, Mental Illness Exempt from VAT
- Cross-border transactions subject to tax
- Restrictions on Deductible Tax Amounts for Employee Rewards at Year-End Events
- Temporary Sale Event Outside Tax Registration Area: Invoice and Tax Reporting Still Required
EUROPE
- EU Parliament Approves Norway VAT Agreement Update for Joint Audits and Information Sharing
- Simplified VAT Reporting for Northern Ireland Businesses: IOSS Registration…
- Northern Ireland IOSS Registration: Simplified VAT Accounting for Low Value Goods from 2024
- The Impact of Transfer Pricing Adjustments on VAT: A UK Perspective
- Flashback on ECJ cases C-18/92 (Bally) – Percentage withheld by credit card company does not reduce taxable amount
- Flashback on ECJ cases C-38/93 (Glawe) – Taxable Amount for Gaming Machines: Stakes Excluding Winnings Proportion
- Summary of ECJ C-690/22 – Invoices with Generic Descriptions Satisfy VAT Deduction Requirements
- Comments on ECJ C-377/23: One hundred or one hundred with an understated rate on the invoice for the consumer?
- ECJ C-377/23 (Sancra) – Order – VAT assumed to be included in wrongly 0% rated invoice
- ECJ C-674/22 (Gemeente Dinkelland) – Judgment – No Interest on VAT Refund for Errors & Retroactive Changes
- Valentina Heights: CJEU ruling on reduced VAT rate and hotel licensing in Bulgaria
- Arcomet Towercranes: CJEU Reference on VAT and Transfer Pricing Adjustments
- Comments on ECJ C-733/22 (Valentina Heights) – Tourist certificates for rental and VAT rate
- Agenda of the ECJ VAT cases – 4 Judgments, 3 AG Opinions, 3 Hearings announced till March 22, 2024
- ECJ Ruling: Portuguese VAT Rules for Used Vehicles Sales Clarified by European Court
- New ECJ VAT Case C-125/24 Palmstråle
- New ECJ VAT Case C-121/24: Bulgaria vs Vaniz
- Kokott: Only performing services for the processing of goods of the customer does not lead to a VAT fixed establishment
- Internal Market Committee Votes in Favour of EU Customs Code Reform
- Intra-Community Acquisition of Goods (ICA) – Rules, Tax Liability and Exclusions
- VAT rates and VAT taxation of services under the new rules in 2025
- AmCham EU – Position paper – Letter on VAT in the Digital Age
- First vote on the biggest EU customs reform since 1968
- Impact of eInvoicing Directive: Streamlining Cross-Border Invoicing in the EU and Beyond
- Unlocking Efficiency: European Commission Report on the Impact of e-Invoicing Directive in Public Procurement
- EU VAT in the Digital Age negotiations
- EU Commission VAT Team Discusses CESOP: Closing the VAT Gap through Improved Data Collection
- VAT Obligations and Documentation Requirements for MNCs in the EU: CJEU Referral Insights
- EU evaluation of B2G e-invoicing
- Report on the effects of Directive 2014/55/EU on the Internal Market and on the uptake of electronic invoicing in public procurement
- New Regulations for Crypto and E-money Information Exchange (DAC8) – Impact and Implications
- New phase of EU Excise Movement and Control System (EMCS) allows for interoperability with export systems
- New measures to fight VAT fraud on online sales
- EU VAT Directive 2006/112/EU applicable as of January 1, 2024
- Option for Tax Liability on Sale of a Property under § 6 Abs 2 UStG
- No single service by a language school offering bundled services in “Summer Camps” cited.
- Austria MOF Clarifies Taxation of Luxury Apartment Rental Income: Federal Finance Court Decision
- FAQs on VAT for Photovoltaic Modules: Updates and Clarifications from Ministry of Finance
- Belgium Implements Electronic Invoicing Law for VAT-Registered Taxpayers, Effective January 1, 2026
- Belgium Considers Bill to Amend VAT Regime for Small Businesses Starting 2025
- Belgium Mandates Electronic Invoicing for B2B Transactions Effective 2026
- Authorities’ guidance: VAT Carousel Fraud
- E-Invoicing Law in Dutch/French
- How will the new Belgian eInvoicing law impact financial institutions
- Belgian B2B e-Invoicing 2026 Mandate Confirmed
- Belgium eInvoicing Mandate Revived!
- Legislative Process to Introduce Mandatory B2B e-Invoicing Completed
- RTC & VAT Consult Webinar Materials Now Available: e-Invoicing in Belgium & LIVE DEMO
- Belgian e-invoicing mandate is set to go live from January 2026
- Belgium’s B2B E-Invoicing Revolution by January 2026
- Belgium B2B VAT e-invoicing Jan 2026 Bill gazetted
- Government Submits Bill Implementing Directive on VAT Scheme for Small Businesses
- Belgian Mandatory e-Invoicing
- Understanding Belgium’s E-Invoicing Rules: Obligations, Compliance, and Implementation from…
- Czechia’s 2024 VAT Hike: Impact on Soft Drink and Bottled Water Prices and Consumption
- As VAT hikes up bottled water prices, Czechia taps into a cheaper alternative
- Competition authority outlines conditions for reducing fines by up to 10% on account of internal compliance programs
- Danish Experts Propose Green Tax Reform to Achieve 70% Emission Reduction by 2030
- Change in Practice for Loan Services in VAT Law – Reopening
- Denial of VAT deduction for subcontractors – responsibility for unpaid taxes – court…
- Tax Deductions for Expenses to Alleged Subcontractors – Court Decision
- Denmark’s New POS System Rules: What Businesses Need to Know
- Denmark Tax Agency Confirms VAT Exemption for Investment Fund Management Services
- Denmark Consulting on Green Tax Reforms Legislation Including Carbon Tax Changes
- VAT group regime – Deduction rights and annual declaration deadline extension
- Temporary Reduced Rates for Protective Gear and Hygiene Products until December 31, 2024
- Extension of Reduced VAT Rate for COVID-19 Products until December 31, 2024
- Update on Annual Declaration Deadline for Unique Taxable Person under VAT Law 2022-1726.
- Single taxable person scheme (VAT Group) – Entry, exit and dissolution of the single taxable person
- New timetable for the introduction of e-invoicing in France
- Status of B2B Electronic Invoicing in France (update 22.02.2024)
- Tax Authorities Update Deadline and Conditions for VAT Group Scope Declarations and Joining Procedures
- DGFiP offers guidance on the timetable preceding the CTC mandate
- France’s VAT Treatment of NFTs: Case-by-Case Application of Rules for Digital Assets
- Updated VAT Rules for Transactions with Non-Fungible Tokens
- Recent Updates on CTC Roadmap
- e-Invoicing in France – New schedule
- France Updates VAT Rules for NFTs in Administrative Doctrine
- EPPO Operation: Crackdown on Multimillion VAT Fraud in German Car Sales
- Taxability and Obligation of Membership Fees to Sports Clubs: Recent Decision by Lower…
- VAT Treatment in Real Division of Partnership Assets: Commentary on BFH
- BMF Guidelines on VAT Allocation Based on Total Revenue Key
- Tax Allocation Decision for Mixed-Use Asset: Commentary on FG Köln 07.11.2023 8 K 2418/22
- German e-invoicing agreement doubts
- Conciliation Committee Proposal on Implementation dates E-Invoicing
- Entrepreneurial status of supervisory boards/unauthorized VAT invoicing to non-deductible…
- Right to input tax deduction for an employer subsidy to a company canteen – FG Düsseldorf ruling
- Will the Mediation Committee approve the E-Invoicing Mandate on Feb 21, 2024?
- Looking into the future – Blockchain in E-Invoicing
- Revocation of permission for actual taxation due to abuse – Input tax deduction entitlement of the recipient
- Input VAT adjustment pursuant to sec. 17 UStG in a three-person relationship as a debtor-in-possession liability – BFH judgment
- Supreme Tax Court rules on reduced VAT rate for supply of art by creator
- Reduced VAT rate for supply of works of art by creator or his successor in title
- Greece Extends VAT Exemption for Shipping Businesses at Sea Until 2024
- New Reporting System for Greek VAT
- No Input Tax Deductions on Invoices that Have Not Been Reported to myDATA
- AADE – myDATA and timologio new versions in operation from today
- IAPR issues DAC 7 circular on digital platform operators’ registration process
- VAT 2024 – Key Changes
- The introduction of eVAT: The change starts now!
- Hungary introduces the e-receipt and e-cash register in 2024
- Italy: Four Arrested in €10 Million VAT Fraud Case Involving Tyres – EPPO Investigation
- New rules for fiscal representatives of non-EU companies
- Tax violations: Lower penalties under new government reform
- Circular No. 3 of 2024 – Annual VAT declaration – Taxpayers can now stagger the payment…
- VAT Group: Declaration obligations for incorporation
- Changes in Annual VAT Declaration 2024: What’s New?
- ECJ: No Obligation to Pay Interest on VAT Refund in Certain Cases
- VAT treatment for canoe, kayak, and raft: exclusion from preferential tax regime for transport services
- Circular on Increased Rates, Wood Pellet Extension, and VAT Relief for Non-EU Residents
- Italy’s plastic tax will enter into force on 1 July 2024
- VAT Treatment for Tourist/Recreational Water Transport by Canoe, Kayak, or Raft
- CESOP: Corrective communication deadline when rejected by Revenue Agency or central system.
- Timely download of import statement for VAT deduction: understanding the right moment for…
- VAT Exemption for Associations Extended Until 2025: Legislative Update and Implications
- Important deadlines for VAT declaration and LIPE submission in February and April 2024
- Updates on VAT law in Budget 2024, Advance Decree, and Infringement Decree by Tax Lawyer
- Navigating the New Era of VAT Filing in Italy: 2024 Updates and Enhancements
- Lithuania Tax Agency: VAT Rate for Catering Services and Takeaway Food to Expire
- Lithuania Implements EU Directive on Reporting for Cross-Border Payment Service Providers
- Guidelines for 12% VAT Rate on Yacht Charters in Malta: Effective January 2024
- Malta’s Guidelines on 12% VAT Rate for Care of Human Body and Credit Management
- Tax Fraud Case: Denial of Zero Rate for VAT Due to Fraudulent Activities by Taxpayers
- Request for refund of VAT through supplementary declaration not considered as appealable decision
- Den Bosch Court: No Refund of Incorrectly Invoiced VAT; Civil Court Jurisdiction
- Municipality not liable for VAT on waste fund contribution
- Legal analysis of VAT treatment of financial contribution for waste management services.
- eHerkenning now also possible for foreign companies without Chamber of Commerce registration in the…
- Entitlement to tax interest reimbursement for VAT refund for 2003
- No VAT entrepreneurship for a lessor of a military classic car
- Knowledge group position: no zero tariff for freight transport service between third countries
- Court Decision: Municipality’s Contribution to Waste Fund Not Subject to VAT – Case AWB-22_5142
- New Guidance on Zero VAT Rate Effective April 1, 2024
- The Role of Dashboards in VAT Returns: Enhancing Insight and Engagement for Accountants and Clients
- Tax Law Case: Deduction of Input Tax – Verdict on Medical Services – No Overcharge of VAT
- No deduction of input tax for VAT-exempt supplies due to lack of avas
- New policy on VAT for service charges from 2024
- Option to tax rental does not transfer to new tenant
- Membership fees association not taxed due to lack of direct connection to the organization of events
- No reduced VAT rate for all orthopaedic made-to-measure footbeds
- No higher input tax deduction for educational institutions
- Option taxed rental is not ‘transferable’
- Consultation Meetings of the National e-Invoice System (KSeF) – Summary and Future Plans
- How to Apply for Gas VAT Refund in 2024: Step-by-Step Guide and Requirements
- What’s next for KSeF? Latest updates on e-invoicing implementation in Poland.
- Official Letter: VAT Exemption for Water Infrastructure in Exchange for Company Shares – Correct Position
- Tax implications of free distribution of advertising materials not subject to VAT – correct position
- Official Letter: No VAT correction required due to investment abandonment – Correct Legal Position.
- VAT taxation of non-contractual use of real estate
- Deduction of VAT from CSR-related expenses is not always obvious
- Earliest date of KSef implementation is January 2025
- Uncertainty about the VAT rate is still present in the catering industry
- Are you looking for an answer to your question about KSeF? Check out the answers to the most FAQs.
- New Regulation for Full VAT Deduction on Water and Sewage Services in Municipal Investments.
- Ruling: VAT Exemption for Participation in Sports Activities Conducted by Foundation
- Ruling: Application of VAT exemption to the supply of developed real estate
- Poland’s National E-Invoicing System: Guidance, Consultation, and Q&A for 2024 Implementation
- Poland’s New Reporting Obligations for Digital Platform Operators Effective July 1, 2024
- VAT Disputes Over Aport to Municipal Company
- Poland’s E-Invoicing Consultations: Gathering Feedback for National System Implementation
- Understanding VAT treatment of single-use packaging fee for businesses – key considerations for compliance
- Uncertainty in Gastronomy Regarding VAT Rates: Key Rulings and Expert Opinions
- KSeF consultation has started
- First Consultation Meetings for KSeF
- Plastic Packaging Tax: VAT Implications for Businesses
- Will the introduction of KSeF reduce the number of verification activities?
- VAT and Flat-Rate Taxation on Sale of Residential Building in Developer’s Condition
- Ruling: VAT on the sale of real estate by an individual
- Ruling: Incorrect Tax Interpretation of Leasing a Trademark by an Individual
- Binding VAT rate decision on Chlorella – 23% VAT Rate
- Poland to see regulation on beauty industry’s VAT reduction issued in Marc
- Four new VAT declaration codes introduced by the Federal Tax Service: what you need to know
- Simplified Confirmation of Zero VAT Rate for International Goods Transport: Changes Coming in 2025
- New VAT declaration form approved for foreign entities providing electronic services
- Understanding the 0% VAT rate for continental breakfast included in hotel room price
- Determining Salary Levels for VAT Exemption in Catering Organizations with Separate Divisions
- When to Reclaim VAT from Advance Payment: Shipment and Receipt in Different Quarters
- Changes to Procedure for Release of Goods in Free Circulation with VAT Exempt Supply to Another EU Member State
- Stricter VAT Enforcement and Penalties for Late Filings
- Slovenia Tax Agency: VAT Return Filing Requirements and Penalties Clarified
- Special Tax Refund for Plastic Packaging: Wholesale Fruit and Vegetable Company’s Responsibility for…
- Spain seeks to impose €490 million fine on Booking for unpaid VAT, involving Italian tax authorities
- New simplified method for corrective VAT returns in Spain
- Deductibility of VAT on catering services financed for employees – DGT consultation
- Transfer of Vehicle to Employee for Free: VAT Exemption Clarified by Supreme Court
- VAT Exemption for Self-Built Homes Sold for Personal Use
- Rules relating to obligations of digital platform operators approved
- Legal Case: Member contribution in economic association not subject to VAT transaction
- Legal Update: Membership contributions in economic and joint property associations not subject to VAT
- Court Case: Community association’s levying of contributions not subject to VAT,…
- Sweden Tax Agency Clarifies VAT Rules for Business Transfers
- Swedish Tax Agency Updates VAT Exemption Guidance for Insurance Claim Settlement Services
- Transfer of business when input tax not deductible for recipient
- Swedish Fiscalization Requirements: A Guide to Compliance and Data Encryption
- General Communiqué No. 50 provides important clarifications and amendments regarding the implementation of VAT
- Changes have been made to the declaration and payment deadlines for VAT in tax legislation: Impact, Deadlines, and Stress
- Investment Incentive Certificate in VAT Application
- Easing the Tax Burden: New VAT Filing Deadlines Introduced in Latest Amendment
- VAT Refund by Court Decision: Clarification from Tax Authorities on Additional Documentation…
- Inclusion of VAT amounts in budget compensation for destroyed goods during war operations.
- Benefits of Digitizing Tax Program: UK Tax Office Research Findings
- UK Tax Agency Guidance on VAT Import One Stop Shop Regime for Low-Value Goods
- Isle of Man Treasury proposes continuing application of customs, excise, and VAT rates under agreement with the UK
- UK HMRC MTD for VAT benefits small taxpayers
- Research and analysis – Making Tax Digital: Early impact on VAT below threshold customers
- HMRC Guidance: Registering groups, divisions and joint ventures for VAT
- HMRC Guidance: Cancel or amend your VAT Import One Stop Shop Scheme registration
- Labour’s school fees VAT threat sends a chill through parents
- Mastering VAT in Financial Services: Top 4 Challenges and Strategies for Success
- Isle of Man Expands VAT Zero-Rate for Energy-Saving Materials
- HMRC Guidance: Submit your Import One Stop Shop VAT Return
- Isle of Man Widens Scope of Temporary VAT Zero-Rate for Energy-Saving Materials
- Jersey Choice Ltd: Legal Battle Over Removal of Low Value Consignment Relief – SC Judgement
- VAT Treatment of Sports Nutrition Bars: DuelFuel Nutrition Limited Case Study
- HMRC Collection: VAT Import One Stop Shop Scheme
- HMRC Guidance: How to fill in and submit your VAT Return (VAT Notice 700/12)
- HMRC Collection: Customs Declaration Service
- Withdrawal of VAT Low Value Consignment Relief Not a Customs Duty Charge, Rules Supreme Court
- Urgent Call for VAT Cut to Save Independent Hospitality Businesses in the UK
- UK Business Lobby Calls for Budget Review of VAT Threshold to Stimulate Growth.
- Passion Incorporated Ltd v Revenue and Customs: VAT Disallowance Appeal [2024] UKFTT 122 (TC)
MIDDLE EAST
