VATupdate.com Daily Newsletter: March 11, 2024

Headlines March 11, 2024

• VATupdate Newsletter Week 10 2024
• Germany – Looking at the future – Blockchain in E-Invoicing
• Czech Republic – SAC denied VAT exemption for supply of goods to another EU member state due to lack of proof of recipient’s tax registration
• Indonesia to Implement 12% VAT in 2025 to Increase State Revenues
• UK – HMRC Policy paper: Increasing the registration and deregistration thresholds

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• VATupdate Newsletter Week 8 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 10/2024
  • Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in February 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 – 2 Judgments, 3 AG Opinions, 3 Hearings announced till March 22, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in February 2024 – ECJ continues to deal with the weakly defined concepts in the EU VAT Directive
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in February 2024
  • Stay tuned on upcoming VAT rate changes in Asia Pacific
  • Stay tuned on upcoming VAT rate changes in Europe

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BULGARIA

• Bulgaria’s SAF-T Implementation: Obligations, Timeline, and Framework
• Implementing SAF-T in Bulgaria: Latest Updates and Implementation Phases

CYPRUS

• Cyprus Ministry of Finance Seeks Feedback on Green Tax Overhaul Bills: VAT to be applied on energy products subject to carbon tax

CZECH REPUBLIC

• SAC denied VAT exemption for supply of goods to another EU member state due to lack of proof of recipient’s tax registration

DENMARK

• Denmark’s Move Towards a Cashless Society: Lowering Cash Payment Limits for Digitalization
• Increase in company’s VAT liability – VAT on individual member payments for participation in golf trips
• Tax deduction for costs of using the railway network – Skatterådet decision

EUROPEAN UNION

• Advocate General’s Opinion on DAC6’s Professional Privilege Waiver: Implications for Non-Lawyers
• EU Decision: Duty and VAT exemption for aid to Ukrainian refugees and those in need
• European Commission proposes VAT waiver for EU defence investments to strengthen industrial pillar
• CJEU Referral: Pre-2015 VAT Obligations for Digital Platforms in the EU

EUROPEAN UNION/ VIETNAM

• Impact of EU’s CBAM on Vietnam’s Industry: Challenges and Strategies

FRANCE

• French VAT Grouping: Updates and Simplification Changes in 2024

GERMANY

• Looking at the future – Blockchain in E-Invoicing
• Temporary reduction of VAT on gas and electricity will end on March 31, 2024

ICELAND

• Draft Amendment for Aligning VAT on B2B Services with EU VAT Directive Open for Public Consultation

INDIA

• Food Industry Dispute: 18% GST on Snacks Sparks Controversy with Top Companies
• India Launches Enhanced e-Invoice Portal with New Features and Improved Functionality
• ITC allowed despite discrepancies in GSTR-3B – HC
• Rajasthan petrol pumps shut down for two days over VAT reduction demand

INDONESIA

• Indonesia to Implement 12% VAT in 2025 to Increase State Revenues
• Indonesia to Increase VAT to 12% in 2025: Senior Official’s Announcement

ISRAEL

• Israeli Parliament Approves VAT Rate Increase on Bank Profits Until 2025
• Postponement of “Israel Invoices” VAT Reform to May 5, 2024

ITALY

• Italian Court Ruling: No Permanent Loss of VAT Credit for Shell Companies
• San Marino Purchases: Optimal VAT Solution for Importing Goods
• VAT deduction on class A or B units in 2024 tax returns

IVORY COAST

• Expansion of VAT Obligations for Non-resident E-service Providers in Ivory Coast (also B2B)

KENYA

• Kenya Extends E-Invoicing Grace Period for Non-VAT Registered Taxpayers Until March 31, 2024

LITHUANIA

• Lithuania Tax Agency Seeks Feedback on VAT Exemption for Postage Stamps

MALAWI

• Malawi’s Proposed VAT Increase to expand social protection funds
• Proposal for 1% VAT Hike in Malawi

MALTA

• Guidelines for 0% VAT Rate on Disability Aids and Devices: Malta Tax Directive

NETHERLANDS

• Analysis of VAT Gap Report 2023: Netherlands’ Compliance and Future Trends
• Answering the question on VAT for thrift stores: Circular Economy Committee Debate
• Court of North Holland: Place of establishment, no mediation regarding bonds, reverse charge VAT
• Decree on VAT refund for advance payments of solar panels withdrawn
• Draft Bill Consultation for Immovable Property Services: VAT adjustment period of approximately five years for services exceeding €30,000
• Hague District Court Upholds Tax Assessment with Penalty
• No VAT on association fees for off-road vehicle enthusiasts – Court ruling explained
• Partial VAT deduction for educational institution: Pro-rata method for mixed costs disputed in court
• VAT adjustments for entrepreneur with exempt services

NIGERIA

• Low VAT Compliance in Nigeria: EU/ECOWAS Delegation Calls for Reform and Cooperation

PAKISTAN

• FBR looking for expertise in integration for electronic invoicing and licensing

POLAND

• Challenges with Obtaining IE 599 Document for VAT Exemption in Export – Legal Gazette
• Poland’s STIR AI Program: Fighting VAT Fraud with Machine Learning Technology
• VAT Deduction Rules for Catering and Accommodation Services: Recent Interpretations by Tax Authorities
• What do we know about KSeF after consultations at the Ministry of Finance?

RWANDA

• Rwanda’s New E-Invoicing Enforcement Drive to Boost Tax Compliance and Consumer Incentives

SENEGAL

• VAT Registration for Non-Resident Digital Service Vendors from April 2024 (also B2B)

SPAIN

• Hotel Reservation and Stay Invoicing: Correct Billing Procedure for Hotel Services.
• Industrial Machinery Repair Services for Construction Projects: Reverse Charge Mechanism Explanation
• Legal Action for Non-payment of Several Monthly Payments: Requirement for Tax Base Adjustment
• Tax on Waste Deposits in Landfills: Inclusion in VAT Base for Waste Management Services

TANZANIA

• Tanzanian Revenue Authority’s Notice on VAT and DST Obligations for Non-Resident Electronic Service Providers

TURKEY

• Which Machines-Equipment Benefit from VAT Exemption with Incentive Certificate? (Part Two)

UGANDA

• URA to Enroll Small Businesses on EFRIS for Efficient VAT Collection

UKRAINE

• Filing VAT Declaration After Cancellation on Different Day: Last Month Reporting Deadline
• Voluntary VAT registration for newly created legal entities and individual entrepreneurs

UNITED KINGDOM

• Classification of Nakd and Organix bars as confectionery upheld by FTT in Morrison case.
• Colchester Institute Corporation v Revenue and Customs: VAT Funding for Education Services
• Court of Appeal rules in favor of NHS Northumbria: VAT exemption for hospital car parking
• Essential Tips for Small Businesses and Start-ups to Navigate Taxation Successfully
• HMRC Policy paper: Increasing the registration and deregistration thresholds
• Northern Ireland IOSS Registration: Simplified VAT Accounting for Low Value Goods in EU and NI
• UK VAT-Registered Businesses Selling Online: Verification of UK Establishment by Tax Authority
• Unveiling the Complexity of Indirect Taxes: Lessons from Poppadoms and VAT Compliance

UNITED STATES

• South Beloit Considers 1% Sales Tax Increase to Improve Road Infrastructure

WORLD

• VATupdate Newsletter Week 10 2024
• VATupdate.com Daily Newsletter: March 9 & 10, 2024

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