Water
Have you ever paused to ponder the boundaries of your perspective? What defines the confines of your understanding? Such questions often evade us in the routine of daily life. Yet, as VAT professionals, we are accustomed to viewing the world through a unique lens.
Our gaze extends beyond mere results, delving deep into the intricate tapestry of business transactions, turnover and sales, and goods and services. But amidst our steadfast focus lies a crucial inquiry: How do we recognize the boundaries of our own perception, and what lies beyond them?
It’s a little bit like those two young salmon who are swimming along one day. As they do, they are passed by a wiser, older fish coming the other way. The wiser fish greets the two as he passes, saying, “Morning, boys! How’s the water?”
The other two continue to swim in silence for a little while, until the first one turns to the other and asks, “What the hell is water?”
We should not forget that there are other things out there, besides VAT. When people remind you about that, realize that they may be right. You have to get some distraction sometimes. That can be sports (playing or watching), romantic walks on the beach or shopping in the city, visit your parents or children, or play or listen to music. Sitting on the couch, watching TV or reading a book is also ok.
But try to put that EU VAT Directive aside for a moment. There’s a lot of other fiction to read.
Not on our website, of course. We bring you the latest VAT news from around the world. Every day, all day long. With updated pictures, as you may have noticed, and with some new sponsors who would love you to visit their website or event and bring you their latest news, tools and services relating to VAT.
See you next week!
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To go directly to the region, click below:
WORLD
- VAT Rate Adjustments in 2024
- Four Keys to Developing the Right Tax Tech Strategy
- IMF Working Paper – Designing a Progressive VAT (Artur Swistak; Rita de la Feria)
- E-Invoicing & E-Reporting developments in the news in week 13 & 14/2024
- Data archiving and cybersecurity: Working hand-in-hand for vulnerabilities
- VAT in the Digital Age
- Comparative Analysis of Tax Revenue Impact: Amount A vs. Digital Service Tax Regimes
- 10 Most Common Global VAT Compliance Issues for Businesses
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in March 2024
- Webinar European Commission – Impact of the EU eInvoicing Directive and…
- ecosio webinar – E-invoicing is becoming mandatory in Germany – What you need to know (April 11)
- RTC Webinar – Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects (April 17)
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
AFRICA
- Navigating VAT Regulations in Republic of the Congo: Instruction No. 0339 Explained
- Republic of the Congo MOF Issues Instruction on VAT Application in 2024 Finance Law
- Kenya Extends the Grace Period Until 31st March 2024
- Kenya Clarifies VAT Prepopulated Return and Eligibility Criteria for Different eTIMS Software
- Kenya VAT Prepopulated Return Clarifications and eTIMS Software Eligibility Criteria
AMERICAS
- Correcting Erroneous VAT Invoices in Chilean Tax Law for Tax-Exempt Housing Construction Project
- Chilean Lower House Considers Temporarily Removing VAT on Essential Utilities
- Clarification on Obligation to Issue Electronic Invoices in Colombian Pesos by DIAN Concept 1509
- Clarification on VAT refund process for energy equipment acquisition post-certification by UPME
- Ecuadorian Official Gazette: VAT Rate Increase and Clarifications on Local Transfers and Services
- Ecuador VAT rise to 15% on April 1, 2024
- Maryland Waives Late Withholding Tax Penalties Until May 31
- Indiana: Posted Bulletins Reflect Removal of 200-Transaction Threshold from Wayfair Economic Nexus Statute
- Arkansas Supreme Court Says Use Taxable Event Triggered Upon Temporary Withdrawal from Inventory
- Arizona: Appellate Court Says Online Retailer Has Nexus During Pre-Wayfair Periods at Issue
- C. Budget Proposal: Sales Tax Hike, Office Conversion Tax Break, and Revenue-Raising Measures
- Sales/Use Tax Quarterly Update for Second Quarter of 2024
- Economic nexus threshold changes for out-of-state sellers in Wyoming and Indiana
- Louisiana Proposed Law: Sales Tax Rebate for Lithium Recovery Projects
- Arkansas Supreme Court Rules Sales Tax Owed on Vehicles Temporarily Used by Employees
ASIA PACIFIC
- Australia’s Response to GST Ruling on Prepared Meals
- Enhancing Tax Governance: ATO’s Top 1000 Assurance Program Updates and Differentiated Approaches
- Number of active VAT payers increased by 3.9% to 768.1 thousand in April 2024
- Successful Implementation of VAT Refund Project Results in Return of 43.8 Million Manats
- Number of VAT Payers Increase in Azerbaijan
- VAT Pressure in FY25: Concerns of Inflation Rise and Revenue Generation Stakeholders
- 15% VAT to be Imposed on Metro Rail Tickets from July
- Call for Lower VAT on Jewellery and Tax Reforms in Bangladesh Budget 2024-25
- World Bank Report: Bangladesh has the potential to collect three times more
- NBR Plans to Impose 15% VAT on Metrorail Tickets from July
- NBR Considers VAT on Metro Tickets
- Cambodia Tax Authority Implements New VAT Law Regulations
- Cambodian Ministry of Economy and Finance issues tax incentives for education sector
- Notice of Temporary Suspension of Tax-related Services for Purchase
- Notice of Upgrade to Version 2.0 of VAT Invoice Management System by Yunnan Tax Bureau
- Online Gaming & Casino tops GST evasion cases
- Kerala GST Dept. issued an Important circular on Non-issuance of notices in case of voluntary compliance
- Framework for conducting Joint Audit by CGST and SGST officers
- Compensation collected for Liquidated Damages under the Agreement will be subject to GST
- GSTN mandates e-Invoicing for businesses with over INR 5 crores turnover from April 1, 2024
- Weekly GST Communique dated April 1, 2024
- GST Registration not to be cancelled based on incorrect field visit report
- High Court allows refund of ITC reversed when Tax is paid by the Supplier
- GST registration cannot be cancelled with retrospective unless satisfied with sufficient reasons
- GST Compliance Calendar for the month of April 2024
- Ministry of Finance Regulation No. 12/KM.4/2024 on Export Price Determination for…
- Government to Implement 12% VAT Increase in 2025
- Japan tightens Consumption Tax for non-residents
- Japan ‘deemed reseller’ for digital platforms April 2024
- Why is Malaysia’s Integration with Global E-Invoicing Networks a Game Changer?
- Proposed Tax Changes in 2024 Bills: E-Invoicing and Labuan Business Activity Tax Amendments
- New Zealand’s GST Rules for Listing Intermediaries in the Sharing Economy
- New Zealand Tax Agency Updates GST Guidance for Online Accommodation and Transportation Services
- New Zealand hits gig & sharing economies platforms with 15% GST April 2024
- Pakistan embarks on a journey to revolutionize its tax system
- FBR Issues Rs20bn Sales Tax Refund Claims to Exporters, Meeting IMF Requirements
- Massive Tax Evasion Uncovered in Pakistan’s Black Tea Imports: Customs Crackdown Ensues
- Pakistan Introduces “Tajir Dost (Special) Procedure, 2024” for Tax Payments by Traders and Shopkeepers
- Mandatory E-invoicing in the Philippines. Is Your Company Ready?
- World Bank Recommends Reviewing VAT Exemptions to Boost Tax Collection Efficiency
- Consensus on Menstrual Equality: Tax Exemption for Menstrual Products to be Reviewed Next…
- Tax Relief Assistance for Earthquake Victims in Eastern Taiwan: Financial Department’s Initiatives
- Late Issuance of Uniform Invoices by Businesses: Conditions for Penalty Exemption Explained
- Unified Invoice Requirement for Business Closure: Inventory and Asset Settlement
- Thailand VAT on Low-Value Imported B2C Goods
- Government to Impose 7% VAT on Imported Goods to Ensure Fairness for Small Businesses
- Thai Government to Implement 7% VAT on Imported Goods from May: Boosting Fairness for Local Businesses
- Green light for collecting VAT on imported goods valued below 1,500 baht
- VAT Collection for Imports Under 1,500 Baht via Online Platform Effective May
- Thailand Boosts Tourism with VAT Refund Program for Pattaya SMEs
- Tax Department Urges Resolution of Pending Tax Refund Cases to be Completed
- Mandatory Electronic Invoicing in Vietnam
EUROPE
- UK and Italy VAT Reciprocity Agreement: Streamlining…
- UK and Italy Reach Reciprocity Agreement for VAT Refunds
- Incorrect VAT amounts in invoices to end consumers: ECJ
- New ECJ VAT Case: Brose Prievidza C-234/24
- Feudi VAT Case: EU VAT Law Basics and Anti-Abuse Legislation Analysis
- AG Kokott Opinion: Dutch Pension Funds and VAT Exemption
- New ECJ VAT Case: Kosmiro v. Finland (Case C-232/24)
- 18 Crime Gangs Specialize In VAT Fraud, Europol Says
- 2025 EU VAT Changes: Small Company Thresholds, Online Events Rules, and Rate Freedoms
- Understanding the Reverse Charge Mechanism in VAT: A Comprehensive Guide
- 2025: 3 major EU VAT rule changes
- European Commission released new guidance on the use of the valuation simplification scheme
- Accelerating Agreement on VIDA Package: Key Points and Implementation Challenges
- The History of Alcohol Excise Taxes in Europe: A Long Fiscal Journey
- Analysis of VAT interest refunds by AEAT on its website: recent EU court ruling
- EU Regulation Update: New TARIC/EZT Measures for Ozone-Depleting Substances Effective March 11, 2024
- The concept of Fixed Establishments in VAT is causing quite a stir
- Future of eInvoicing: European Commission Webinar on 17 April 2024
- The Controversy Surrounding the Concept of Fixed Establishment in VAT
- French E-invoicing Decree Enacted
- France to Impose 3% Revenue Tax on Internet Giants like Google and Amazon
- Extended timeline for medium-sized taxpayers and updates for Partner Dematerialization Platforms (PDPs)
- New Circular on Energy Product Taxation
- France Customs Circular 2024: Taxation of Energy Products Explained with New Regulations and Rates
- Input VAT Deduction for Spa Communities: Recent Judgements Bring Hope for Financial Relief
- E-Invoicing Law published
- Germany to Implement E-Invoicing Requirement from 1 January 2025: What You Need to Know
- Shift of Tax Liability to Recipient: Requirements – BFH Decision
- German “Growth Opportunities Act” approved, paving the way for e-invoicing in Germany
- New Rules Mandate E-Invoices for B2B Transactions in Germany from 2025
- Monthly Updated Overview of VAT Conversion Rates 2024 as per BMF Letter dated April 2, 2024
- Survey on Suspension of Monthly VAT Prepayment Obligation for New Businesses: Impact Evaluation by…
- BMF Guidelines on Revenue Allocation Methods: Analysis and Key Questions
- New End-User Restrictions on SDNs: OFAC Designates German Entities; BIS Revises Part 744
- Germany adopts e-invoicing mandate
- German B2B Status and Recent Updates
- AADE launches digital application for cross-border payment data submission to combat VAT fraud
- Special regime farmers: Platform for VAT refund now operational for 2024
- myDATA Updates: New Deadline for esend – Transmission by 30.6
- myDATA: New Decisions Published in the Government Gazette with Changes
- AADE: Platform for VAT refund to special status farmers now operational. Apply by December 16, 2024.
- Greek Ministry Consults on Tax Procedure Amendments to Require Guarantees for Specific Taxpayers
- myAADEapp: Revolutionizing Tax Services in Greece with Innovative Mobile Application
- Hungarian Central Bank Reduces Base Rate
- Hungary: New VAT Filing Rules and Simplified Business Tax Repeal
- Understanding the VAT Treatment of Negotiation Services in Financial Services: A Comprehensive Guide
- Ireland Revenue Guidance on VAT Treatment of DRS Deposits for Drink Containers
- Updates to Italian Periodic VAT Returns: What You Need to Know
- Latest News on VAT Exemption for Cosmetic Surgery: Assonime Circular Explained
- Recovery of VAT in insolvency or restructuring: strategies for businesses
- Alignment of insurance tax assessment terms with VAT: implications for late declarations
- Possible Conditional VAT Exemption for Aesthetic Medicine
- E-Invoicing Regulations in Lithuania
- Lithuanian Tax Inspectorate Issues Guidance on VAT Rates Effective Jan. 1
- Malta Provides New Guidelines on 12% VAT Rate on Supplies of Custody of Securities
- Malta Tax Agency Guidance: Reduced VAT Rate for Custody of Securities Explained
- Malta Implements 2024 Budget Measures with New Anti-Abuse Provisions in Tax Law
- Guidelines for Applying 12% VAT Rate on Custody of Securities in Malta
- Court Decision on VAT Exemption for Financial Services in Coin Trading
- Interpretation of ‘lectures’ and ‘similar services’ for VAT exemption in higher education courses
- Supreme Court Decision on VAT Exemption for Elderly Higher Education: Reversal of Lower…
- VAT Ruling on Solar Panel Installation by Water Board Upheld
- No VAT exemption for RuneScapecoins trading as they serve entertainment purpose, not as currency
- Supreme Court: Tax Deduction for Solar Panels Investment by Water Board for Economic Activities
- Taxation of Higher Education Courses for Individuals Aged 50 and Over
- Taxation of HOVO courses offered by Stichting X
- Open-air performance taxed at standard VAT rate
- Lack of Knowledge and Carelessness: Key Factors in VAT Gap
- Outdoor Projection Show Subject to Standard VAT Rate – Court Ruling
- Online Fitness Coach: Providing Personalized Training and Nutrition Advice for Clients
- Answers to parliamentary questions: Analysis of VAT Compliance Gap and Measures Taken (ViDA)
- Tax Law Case: Online Fitness Coaching Services Outside EU
- Tax Law Case: Application of Zero Rate on Car Deliveries
- Hedging Adjustment Payment not considered negative component for VAT – Amsterdam Court
- Two Men Arrested in VAT Fraud Investigation
- RB Proposal Reaction to VAT Revision for Real Estate Services
- Answers to Parliamentary Questions on ‘VAT gap in the EU, report 2023’
- Concerns over reliable delivery of registered mail by PostNL despite reliability issues
- Understanding the VAT implications of brick paving on a building or construction site
- Option for VAT-taxable rental of real estate: requirements, benefits, and legal implications
- Interpretation of ‘cinemas’; reduced VAT rate not applicable – Court Zeeland-West-Brabant
- VAT exemption for online fitness coaching services to non-EU individuals – Court ruling
- Answering Parliamentary Questions on ‘VAT Gap in the EU, report 2023’ –
- Closing the VAT compliance gap in the digital age package (VIDA) by 2024
- Projection Walk: VAT Exemption for Outdoor Art Installation, Not a Cinema
- No reduced VAT rate for open-air performances
- NV X’s VAT status in the Netherlands; VAT reverse charge intact
- Poland’s New Reporting Legislation for Digital Platforms: DAC7 Implementation and Key Provisions
- Lowered VAT Rate for Beauty Industry: Potential Abuses Ahead?
- Proposed Amendments to Legislation for Mandatory KSeF: Consultations and Implementation Deadlines
- Poland Ministry of Finance Seeks Feedback on VAT E-Invoicing Amendment Consultation
- Consultations open for the draft amendment to the KSeF obligation
- Draft Amendments on KSeF Regulation Published
- VAT Rate on Assignment of Development Agreements – We are Still Waiting for the…
- Poland cuts VAT from 23% to 8% on Cosmetic Services
- Poland – Recent Updates and Changes in the KSeF System
- Simplified Implementation of KSeF for Taxpayers: Ministry Incorporates Feedback
- Poland’s New Bill: Reporting Obligations for Digital Platform Operators (DAC7)
- VAT Ruling: Payment for Transmission Easement Establishment Subject to Tax for VAT Payers
- Return of defective goods (complaint) – when to settle WNT correction
- Penalties for Incorrect VAT Settlements: Avoiding Sanctions
- Consultation of KSeF Interface Software Specification Project
- Consultation on Mandatory e-Invoicing Law Changes in KSeF Project Begins 03.04.2024
- Norwegian VAT included in Polish CIT taxable base
- Proposed Changes to KSeF: Details and Timeline for Implementation by Polish Ministry of…
- 2024 Construction Services: Can VAT be filed quarterly?
- Tax implications of confirming Polish citizenship without VAT for non-EU residents discussed by tax authority
- Intermittent Sale for Charitable Purposes Exempt from VAT
- Poland 2025 KSeF e-invoicing; April legal & interface consultations
- Poland will not maintain zero VAT rate for basic food products
- Poland to End 0% VAT Rate on Food Products as Inflation Eases
- Romania Extends Grace Period for E-Invoicing Compliance: No Fines Until May 31, 2024
- Romania Extends E-Reporting Grace Period: New Penalties for Non-Compliance Clarified
- The E-invoicing Revolution in Romania: From Grace Period to Obligation
- E-Invoicing in Romania: Complete Guide
- Romanian e-invoicing / e-reporting – grace period extended
- Romania’s E-Invoicing Mandate: Extended Grace Period Eases Compliance Pressure
- Updated form for notifying VAT refund application in new format effective May 1, 2024
- New VAT declaration form for foreign electronic services from April 16, 2024
- New Registries for Confirming Zero VAT Rate on Exports Applied from Q1 Report April 1, 2024
- CESOP Form Now Published for Reporting Cross-Border Payments in Slovakia by April 30, 2024
- CESOP Data Reporting Cover Letter Form Available from 05.04.2024
- Fiscalization in Spain: SIF Options – Verifactu, Non-Verifactu, or Both?
- Spain B2B e-Invoicing and VERI FACTU
- Revolutionizing Business Transactions: A Deep Dive into Spain’s Mandatory Electronic Invoicing System
- Spain’s Mandatory Electronic Invoicing
- Spain’s Draft E-Invoicing Rules: Impact on Businesses and Deadlines for Compliance
- Sweden’s VAT Treatment of NFTs Linked to Digital Works: New Insights
- Update: Skatteverket’s stance on VAT for community associations no longer applicable as per court ruling
- Tax Agency Clarifies VAT Rules for NFTs with Digital Works
- Sweden VAT Non-Fungible Tokens digital artwork
- Upcoming Revision of the Swiss VAT Law – Introduction of Annual VAT reporting and considerations…
- Changes to Swiss Annual VAT Reporting Planned for 2025
- Switzerland Considering Increased Employment Contributions or VAT to Fund Additional Pension Payment
- Switzerland Plans to Ensure Funding for 13th AVS Pension by 2026
- Exemption of VAT and Customs Duty for UAV Production Materials
- No Need for Legalization of Documents for Non-Resident VAT Registration through E-Cabinet
- Tax obligations on VAT for sublease rent of state or communal land plots
- Changes in VAT payment codes for imported goods: Ministry of Finance order
- Deadline for submitting application for VAT registration under voluntary registration by…
- Registration for VAT – New Guidance for Non-Established Taxable Persons
- UK CBAM: Implications for Carbon-Intensive Imports – Deloitte Insights Blog
- Understanding VAT Rules for Overseas Supplies
- UK CBAM: A New Tax on Carbon-Intensive Imports
- VAT and Trade in Northern Ireland: Understanding the Windsor Framework
- Understanding VAT Place of Supply Rules for Organising Events: B2B and Admission Related Considerations
- Important Update: Changes to VAT Margin Scheme for Second-Hand Motor Vehicles by April 30, 2024
- Boost for Small Businesses: VAT Threshold Raised, Business Rates Frozen, and NICs Cut
- Consultation on Updated VAT Refund Scheme for Museums and Galleries: Changes and Additions 2024
- UK Tax Agency Raises VAT Registration and Deregistration Thresholds in Spring Budget 2024
- Isle of Man Raises VAT Registration and Deregistration Thresholds
- HMRC Notice: Who should register for VAT (VAT Notice 700/1)
- The Impact of Transfer Pricing Adjustments on VAT: A UK Perspective and Future Implications
- Essential VAT Tips for Small Businesses and Start-ups: Maximizing Savings and Avoiding Penalties
- WTGIL Ltd: VAT Dispute on Black Box Insurance Services – Upper Tribunal Decision
- Update on VAT Deregistration and EORI Numbers: Important Guidance from HMRC
- Navigating VAT in Financial Services: Exemptions, Recovery, and Compliance for Optimal Tax Efficiency
- Latest HMRC VAT Publications and Guidance Updates: Key Changes Post-Brexit
- VAT Implications for Influencers: A Warning on Tax Obligations and HMRC Action
- Updated Examples for Export Declarations on Customs Declarations Service from GB
- HMRC Reverses Decision on Permanent Cuts to VAT Helpline After Public Outcry
- HMRC Performance Hits All-Time Low: New Report Reveals Disappointing Decline
- Updated VAT Notice 700/1: Specified Supplies Registration for Businesses Making Supplies Outside the…
- Boost for Small Businesses: VAT Threshold Raised, Rates Frozen to Support Growth and Investment
- Isle of Man Treasury Raises VAT Registration, Deregistration Thresholds Effective April 1
MIDDLE EAST
- Navigating VAT Refunds for Business Visitors in the EU and GCC: A Comprehensive Guide
- Navigating the tax landscape: The Impact of Transfer Pricing on Indirect Taxes
- GCC Indirect Tax News Roundup – Quarter One 2024
- Updated VAT Transportation Guide released by National Bureau for Revenue (NBR)
- National Bureau for Revenue (NBR) Updates VAT General Guide
- Bahrain Tax Agency Extends Record Retention Period in Updated VAT General Guide
- Bahrain VAT Guide: Extended Record Retention Period Update (Version 1.9)
- NBR Releases Updated VAT General Guide with Record Retention Extension Guidance
- The Evolution of e-Invoicing in the Saudi Arabia (KSA): Entering Wave 10 of the Integration Phase
- KSA Determines the 10th Group Implementation
- Saudi Arabia announces 10th wave of Phase 2 e-invoicing integration
- Saudi Arabia: New Taxpayer Group Included in Phase 2 of e-Invoicing Implementation
- KSA ZATCA Introduces New Bonded Zones Rules for Customs Operations and Tax Benefits
- ZATCA publishes criteria for the upcoming tenth wave of the Integration Phase
- Saudi Arabia: Criteria for 10th Group of Taxpayers for E-Invoicing Integration Phase from October 2024
- Saudi Arabia Tax Agency Criteria for Tenth Wave E-Invoicing Integration Announcement
- Saudi Arabia announces tenth wave of Phase 2 e-invoicing implementation
- ZATCA Criteria for Selecting Taxpayers in 10th Wave of E-Invoicing Integration Phase
- FTA: EmaraTax Smart Tax Services Application is a Landmark Step Towards Enhancing…
- UAE FTA Decision Enhances VAT Tourist Refunds Scheme with Stricter Verification Measures
- UAE Tax Agency Guide: VAT Groups Formation, Implications, and Criteria
- FTA Updates VAT Guide for Tax Groups in United Arab Emirates (UAE)
