What happened on April 10 – Celebrating 70 Years of VAT: A Milestone in Taxation and Economic Policy
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Headlines April 10, 2024
- Celebrating 70 Years of VAT: A Milestone in Taxation and Economic Policy
- Agenda of the ECJ VAT cases – 5 Judgments, 4 AG Opinions announced till May 8, 2024
- VAT Refund for Non-Resident Entity with Permanent Establishment in Italy
- Thailand to Impose VAT on Low-Value Imports, Effective May 2024
- UK – Updated VAT Notice 700/1: Registration for VAT – New Guidance for Non-Established Taxable Persons
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- ecosio webinar – E-invoicing is becoming mandatory in Germany – What you need to know (April 11)
- Webinar VATconsult – Mixed and partial VAT taxpayers – New reporting (April 16)
- Sovos webinar: VAT Reporting and SAF-T: Recent Changes and Upcoming Deadlines (April 17)
- RTC Webinar – Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects (April 17)
- Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
- Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)
- VATupdate Newsletter Week 14 2024
- E-Invoicing
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in March 2024
- E-Invoicing & E-Reporting developments in the news in week 13 & 14/2024
- ECJ
- VAT Rates
AUSTRALIA
- Australia Cracks Down on False Invoicing and Tax Fraud: SFCT Issues Warning
- Australia Focusing On Invoice-Related GST Fraud
AUSTRIA
- Limitation of input tax deduction for a lawyer opting for basic lump sum taxation.
- Restriction on Input Tax Deduction for Investments without Entrepreneurial Status of Beneficiary
AZERBAIJAN
BARBADOS
BELGIUM
- 2024 Tolerance for VAT Deduction Based on General Ratio or Actual Use – Deadline Extension
- Belgium Transposes EU VAT Law Amendments Into Law
- Mixed and partial VAT payers: Extended submission deadline for VAT real use deduction method
- New rules for VAT deduction for mixed and partial VAT taxpayers: new extension of reporting obligations
- Pragmatic Approach for Mixed VAT Taxpayers: ITAA Seeks and Obtains Tolerance for Reporting
BELGIUM/ EUROPEAN UNION/ GERMANY/ NETHERLANDS/ POLAND
CHINA
- China Implements Tax Reverse Charge to Boost Recycling Efforts
- China’s New Customs Discretion Benchmarks for Import and Export Activities
CROATIA
CZECH REPUBLIC
DENMARK
- Exemption for EU sales – definition of “properly justified” – draft guidance from Tax Authority
- Extended Response Times Due to Easter and Month-End – Important Information for Import System Users
ECUADOR
EUROPEAN UNION – ECJ
- Agenda of the ECJ VAT cases – 5 Judgments, 4 AG Opinions announced till May 8, 2024
- Comments on ECJ C-676/22: The importance for VAT for identifying your customers or sellers
EUROPEAN UNION
- Carbon Border Adjustment Mechanism (CBAM) – Combatting carbon leakage in the EU
- EU Finance Ministers Convene in Luxembourg to Discuss EPPO’s Efforts Against VAT Fraud
- Recent EU rulings on VAT penalties for shell companies: administrative practice and jurisprudence update
- Recent EU rulings on VAT penalties for shell companies: implications and recent developments
- Sharp Decrease in “VAT Gap” in Europe – 2023 EU Commission Report
- Understanding buyer’s identity and 0% VAT rate application in WDT – ECJ ruling
FIJI
FINLAND
FRANCE
- French Tax Authorities Clarify VAT Treatment of NFT Transactions
- VAT: France’s Fiscal Backbone for 70 Years and Counting
GERMANY
- BFH Decision on Interest Rates Pre-2019: Implications for VAT Refunds and Payments
- Complexities of Proving Intra-Community Delivery on Import: BFH Decision
- Germany’s Proposed VAT Legislation: Threshold Increases and Document Retention Changes
- Importance of Input Tax Deduction for Spa Facilities in Island Municipality B BFH Decision
- Interest on VAT refund claims: FG Baden-Württemberg ruling on interest rates under EU law
- No Reform of VAT Rates in Current Legislative Period by Federal Government
- Tax exemption under § 4 No. 12 letter a UStG for rental activities as part of a service bundle
- VAT Deduction for Spa Facilities in Municipality A
- Input Tax Correction in Tax Group: Challenges and Implications of Supplier Refunds in Parent-Subsidiary Relationships
GHANA
GREECE
- Navigating Cross-Border Payment Regulations
- VAT Deduction Limits, Statute of Limitations, and Tax Point Rules in Greece
INDIA
- Delhi High Court Upholds Constitutionality of Anti-Profiteering Provisions in CGST Law
- GSTN issued important Advisory on Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1
- Ratio of GST collection to GDP increasing gradually
IRELAND
ISRAEL/ MALAYSIA/ UNITED STATES
ITALY
- Denial of VAT refund for excess if permanent establishment exists: only group entity can claim
- General asset liquidation allows VAT adjustment: comparison to administrative liquidation
- Non-Resident Subject’s Fixed Establishment: VAT Refund Rules
- VAT Refund for Non-Resident Entity with Permanent Establishment in Italy
JAPAN
KOSOVO
LATVIA
MALAYSIA
- Malaysia: Updates Published to e-Invoicing Documentation
- Malaysia’s Updated E-Invoicing Guidelines and Software Development Kit
NETHERLANDS
- CJEU Rompelman, The Beginning of VAT Entrepreneurship
- Classic: The Card Protection Plan Judgement
- Company not responsible for accountant’s mistake in VAT return, court rules out penalty
- Court of North Holland – VAT exemption for digital medical consultations
- Court of North Holland – VAT rate on compression stockings
- Court ruling on VAT and transfer tax exemption for newly manufactured real estate properties
- Full compensation for retreats subject to VAT
- HEVO courses are not lectures for VAT
- Legal Decision on VAT Rate for Magic Truffles under EU Directive
- Medical VAT exemption for digital consultations upheld by North Holland Court
- No reduced VAT rate for open-air performances
- Online fitness coach provides advisory service: place of service outside the EU
- Outdoor Animation Show Not Considered Cinema – Subject to 21% VAT
- VAT exemption for digital medical consultations on online platform
- VAT on Custom Mouthguards for Athletes: No Medical Exemption
- VAT on Magic Truffles at 21% – Court Ruling
- Wide-reaching Impact of Proposed Measure to Combat ‘Short Stay Structure’ Criticized by NOB
POLAND
- Government adopts DAC7 bill to regulate digital platform tax reporting, effective July 1, 2024
- How to Account for Partially Returned Goods and VAT in JPK_V7M? Tax Deduction Guidelines.
- Important judgment of the Supreme Administrative Court in the case of bad debt relief in VAT
- Ineligibility of VAT deduction for event photography services – WSA ruling
- Invoice sent outside KSeF may not always entitle to costs deduction
- Ministry of Finance Conference – “No turning back from KSeF” – proposed system changes.
- Ministry of Finance to Implement KSeF Easier for Taxpayers – Majority of Suggestions Considered
- Poland Ends Temporarily Zero VAT Rate for Foodstuffs
- Poland Ends Temporary 0% VAT Rate on Basic Food Items from April 2024
- Poland Tax Consultations: Mandatory KSeF Use and Statement Template Changes by Ministry of Finance
- Poland’s Mandatory E-Invoicing Portal Implementation Delayed Again with Revised Changes
- Poland’s Proposed Reforms to National VAT E-Invoicing System: Key Provisions and Consultation Request
- Practical implications of VAT rate changes on food and cosmetic services
- Should the sale of agricultural land by a farmer be subject to VAT? Court ruling.
- Taxpayer’s Right to Refund Overpaid VAT Without Unjust Enrichment – CJEU Judgment
- Understanding DDP Incoterm in International Trade
- Update of National e-Invoice System API on Test Environment on 11th April 2024
- VAT Rate in Developer Assignment: Different Rates, Legal Uncertainties, and Pending Resolutions
- Zero VAT on food until March 31, 2024 – Important Update from Ministry of Finance
ROMANIA
- European Commission proposes to maintain VAT deduction restrictions on Romanian motor vehicles
- Romania Extends E-Invoicing Penalty Relief until 31 May 2024
- Romania’s VAT Return Amendments: Changes from 1 January 2024
RUSSIA
- Guide on VAT reporting for import from EAEU countries: filling instructions, due date, and recommendations.
- How to fill out a customs declaration: commentary from the Russian Federal Tax Service
- Supplier’s right to increase price due to VAT exemption cancellation: legal implications and court decisions.
- Understanding the New VAT Refund Procedure – Commentary by the Russian Federal Tax Service
SAINT KITTS AND NEVIS
SERBIA
SINGAPORE
- Appeal Dismissed: THM International Import & Export Pte Ltd v Comptroller of Goods and Services Tax
- Man Charged for $252 Million GST Fraud: Facing Serious Penalties for Perpetuating Fraudulent Scheme
SOUTH AFRICA
SPAIN
- Energy Price Volatility Coverage Contract: Exemption and Deduction Rights for Electricity and Gas Company
- Tax Rate for Adjustable Bed Mattresses and Pressure Relief Mattresses
- Taxation of Canon for Improvement of Hydraulic Infrastructures by Water Management Entities in Autonomous Community
- Time Limit for Deduction Right in VAT: Date of Birth vs. Exercise of Right.
- VAT: Excess Deducted Quotas Compensation vs Refund Option – TEAC Resolution
- VeriFactu: Enhancing Invoice Verification to Tackle Tax Fraud in Spain
TAIWAN
- Imported Goods Compensation and Exchange Procedures: Deposit Guarantee for Customs Clearance Process
THAILAND
- Thailand Planning VAT On Low-Value Consignments
- Thailand to Impose VAT on Low-Value Imports, Effective May 2024
- Thailand’s New VAT Law: Impact on Foreign Digital Platforms and Low-Value Goods Import
TURKEY
UKRAINE
- How to Prepare VAT Invoice for Remaining Goods During Deregistration Process?
- Reporting VAT supplies and VAT amount for reason code “15” in declaration lines 1.1, 1.2, or 1.3.
- Tax Obligations for VAT Payers: To Charge VAT Before Registration?
UNITED ARAB EMIRATES
UNITED KINGDOM
- A Reflection on VAT and Its Many Facets
- Assessment of Mega Marshmallows as Confectionery for VAT Purposes
- Deadline for VAT margin scheme on second hand cars remains April 30, 2024
- Ripley FTT Case: Zero Rating Dispatches to Other Countries – Lessons Learned
- List of HMRC email addresses for large businesses with general queries and tax office code.
- Navigating VAT Exemption for UK Fund Managers
- Navigating VAT Recovery in Holding Company Transactions: Untangling the Complex Web
- Thyssenkrupp Materials (UK) Ltd: Inward Processing Relief and Bills of Discharge Dispute Resolved
- UK Tax Agency Updates VAT Notice on Registration Requirements: Key Changes and Penalties
- Updated VAT Notice 700/1: Registration for VAT – New Guidance for Non-Established Taxable Persons
- Updated VAT Registration Guidelines for Non-Established Taxable Persons
UNITED STATES
- Arizona Court of Appeals Reverses Decision on Nexus for Online Auto Parts Retailer
- Colorado Bill Simplifies Sales and Use Tax Filing Across State and Local Jurisdictions
- Colorado Vehicle Daily Rental Fee Increase Effective July 2024
- Comparison of OECD Pillar 1 and Digital Services Taxes: U.S. Congressional Research Service Report
- Indiana Updates Sales and Use Tax Guidance for Remote Sellers and Marketplace Facilitators
- Navigating Sales Tax for Vitamins and Supplements: A Complex and Ever-Changing Landscape
- Understanding Sales Tax on Food and Beverages in Michigan: A Comprehensive Guide
- Understanding Sales Tax on Services in Virginia: What Merchants Need to Know
- Understanding State Tax Laws on Software as a Service (SaaS)
- Understanding Washington Sales and Use Tax for Medical Tattoo Services
- Vitamins, Supplements and Sales Tax – The Latest
UZBEKISTAN
- Calculation of QQS Sum Amount for Unsold Goods in Taxpayer’s Balance Sheet
- Cancellation of Tax Privileges for Certain Goods in Uzbekistan from April 1, 2024
VIETNAM
WEBINARS / EVENTS
WORLD
- Celebrating 70 Years of VAT: A Milestone in Taxation and Economic Policy
- Global Digital Reporting Mandates: KPMG Report
- VATupdate.com Daily Newsletter: April 8 & 9, 2024
- Taxback International Global VAT Guide: April 2024
ZAMBIA
ZIMBABWE
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