VATupdate.com Daily Newsletter: April 24, 2024

What happened on April 24 in the world?

• National Pet Care for All Day: Advocates for affordable and quality pet care for all pets and their families.
  

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Headlines April 24, 2024

• VATupdate.com Daily Newsletter: April 23, 2024
• The Five Most Important TaxTech Trends of 2024
• Zero VAT Rate Application for Export of Goods: Guidelines and Limitations in the Netherlands
• Navigating Britain’s Complex VAT System: A Guide to Avoiding Tax Pitfalls on Everyday Items
• Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)

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• VATupdate Newsletter Week 15 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
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 4 Judgments, 2 AG Opinions announced till April 25, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in March 2024 – Clean-up time, 2 Orders, 2 Cases Removed
• VAT Rates
  • VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
  • Global Upcoming VAT Rate changes – Chronological

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AFRICA REGION

• Africa’s Digital Tax Revolution: Impact on Non-Resident Suppliers and Local Consumers
• Taxation Challenges in Africa’s Growing Digital Economy: A Closer Look at VAT Regulations
• Publication – VAT in Africa – Digital services

ARGENTINA

• Tax Authority Halts VAT Collection on Imported Goods for Small Companies temporarily

AUSTRIA

• BMF Guidance: VAT Applies to Parent Company Charges for Board Member Services

BAHRAIN

• NBR’s Virtual Workshop: Introduction to VAT in Bahrain

BELGIUM

• VAT Exemption Scheme – Notification via MyMinfin for Small Businesses in 2023

BULGARIA

• Bulgaria likely won’t join eurozone in January 2025 despite government goal

CANADA

• Moving Forward with Digital Services Tax Amid Global Negotiation Delays

CHILE

• Chile: New VAT Rules for Cross-Border Goods and Digital Services

DENMARK

• Fiscalization of Pop-Up Stores and Market Sales in Denmark
• Tax Exemption for Tattoo Artist – Landsskatteretten Decision

ECUADOR

• Ecuador Implements Reduced VAT Rate for Local Construction Material Transfers due to Conflict

EUROPEAN UNION

• European Economic and Social Committee Applauds VAT Measures in SME Relief Package
• Comments on ECJ C-68/23: ECJ rules on VAT treatment of vouchers
• Agenda of the ECJ VAT cases – 4 Judgments, 5 AG Opinions announced till May 16, 2024
• Comments on ECJ C-68/23: Finanzamt O. – Single purpose vouchers
• Comments on ECJ C-89/23: VAT Treatment of Auction Commissions for Pledged Goods

EUROPEAN UNION/BULGARIA

• ECJ Case C-164/24 (Cityland) – Questions – Automatic Removal of Taxpayers from VAT Register

EUROPEAN UNION/GERMANY

• ECJ Ruling on VAT Treatment of Vouchers: Case C-68/23 (M-GbR vs Finanzamt O)
• ECJ Judgment on VAT Treatment of Vouchers Clarifies SPV vs MPV Classification
• ECJ Ruling on German VAT Rules for Vouchers: Implications for Prepaid Cards Marketing

EUROPEAN UNION/HUNGARY

• ECJ Ruling: Hungarian VAT Deduction Rules and Late Payment Interest Rights

EUROPEAN UNION/PORTUGAL

• ECJ Rules VAT on Auctioned Pledged Goods Not Ancillary to Loan Services

EUROPEAN UNION/SPAIN

• ECJ C-677/21: Illegal Electricity Supply

GERMANY

• Input tax deduction for spa facilities: BFH ruling on municipal tourism taxation
• Limitation of differential taxation on intra-Community acquisition of art objects under national law
• Revocation of Late Payment Surcharge for VAT under § 152 AO – State Court Decision
• Changes and Innovations in VAT from Growth Opportunities Act (Part 1) – General Changes
• Changes and Innovations in VAT from Growth Opportunities Act (Part 2) Electronic Invoices

HUNGARY

• Hungary’s National Tax and Customs Administration 2024 Tax Audit Plan: Key Focus Areas and Updates

INDIA

• Amendment of BE on Payment of IGST for Advance Authorisation Default

INDONESIA

• Indonesia to Raise VAT to 12% by 2025 as Part of Budget Plan

IRELAND

• Important Reminder: Deadline for Second-Hand Car VAT Margin Scheme – April 30, 2024

ISRAEL

• Countdown to Israel’s Invoice Allocation Number mandate

ITALY

• Simplified tax declarations for VAT – Streamlined VAT
• Credit Assignment between VAT and Registration Tax: What is Convenient?
• Standard VAT rate for plant-based pet litter not for food use: Italian tax authority ruling

LITHUANIA

• Lithuania’s Proposal to Reinstate Reduced VAT Rate for Catering and Takeaway Food Services

MALTA

• Guide to Claiming EU VAT Refund under the 8th Directive

MOZAMBIQUE

• Mozambique VAT on B2C digital services

NETHERLANDS

• Brief to Parliament on DAC7: Mandatory Reporting for Digital Platforms
• Zero VAT Rate Application for Goods Not Yet Imported: Dutch State Secretary Decree Update
• Zero VAT Rate Application for Export of Goods: Guidelines and Limitations in the Netherlands

PAKISTAN

• Integration of Tier-1 Retailers with FBR’s POS System: Sales Tax General Order No. 01/2024

PHILIPPINES

• Clarification on VAT Refund Process under New Regulations

POLAND

• Planned changes in KSeF after consultations: Updates on mandatory e-invoicing system postponed
• Disruptions in Sending JPK, CUK, ALK, PSP, ITP Files and Files on Demand
• VAT Exemption for Sale of Property or Shares – Correct Individual Interpretation Provided
• How to settle VAT and CIT on the purchase of CO2 emission rights in reverse charge mechanism
• Ministry of Finance considers zero VAT on passenger transport
• Private Lease Income and VAT Payment Obligations: Legal Insights for Property Owners in Poland

RUSSIA

• Simplified Confirmation of Zero VAT Rate for International Transport: Changes in Russian Legislation
• Tax Exemptions for Property Transfer to TOR Management Companies: Proposed Amendments

SENEGAL

• Senegal Implements VAT Obligations for Foreign Digital Providers

SINGAPORE

• Singapore Provides Updated Guidance on GST and the Digital Economy for Local and Overseas Businesses
• Tax Authorities website on InvoiceNow
• Singapore Announces E-Invoicing Requirement based on Peppol

SOUTH AFRICA

• South African Constitutional Court Rules in Favor of Capitec Bank in VAT Dispute
• VAT Fraud Syndicate Sentenced to 205 Years Behind Bars for Massive Fraud Scheme

SPAIN

• Spain Accelerates B2B E-Invoicing Implementation: Plans Communicated to European Commission
• Consultation on VAT for hired singer at private events: 10% rate

TAIWAN

• Tax Assistance Measures for 0403 Hualien Earthquake Victims and Businesses by Ministry of Finance

UKRAINE

• Selling UAVs: VAT consequences for enterprise. How to benefit from VAT exemption?
• Payment of VAT fines: from VAT account or bank account? Clarification on penalties for late tax filing and payment in Ukraine
• Preventing Illegal VAT Refunds: BEB Recommendations for State Budget Losses in Q1 2024

UNITED ARAB EMIRATES

• UAE FTA Stresses on Accurate Emirate-Specific VAT Reporting in e-Commerce

UNITED KINGDOM

• UK Taxpayer Spared £14 Million VAT Penalty on Gold Imports Due to Customer Contracts
• Government Consultation on VAT and Private Hire: Implications for PHV Operators and Drivers
• UK Government Rejects Proposals for EV Incentives, Maintains Low Company Car Tax Rates
• UK Government Proposes VAT Relief to Encourage Business Donations to Charity
• VAT Groups in the UK: Prudential Case Highlights Implications for Members – Court of Appeal Decision
• Navigating Britain’s Complex VAT System: A Guide to Avoiding Tax Pitfalls on Everyday Items
• Women advocate for VAT exemption on bras to promote women’s health and comfort
• Qubic Advisory Services Ltd v HMRC: VAT Gold Supplies Record Keeping Requirements
• Protect Yourself: VAT Refund Fraud Alert from Hillier Hopkins LLP, Chartered Accountants & Tax Advisers
• Government Announces Tax Measures and Consultations on VAT, Charitable Donations, and Non-Compliance
• HMRC RCB 4 (2024): Interpretation of VAT and Excise Law from 1 January 2024
• Elphysic Ltd & Ors: Uncovering the Mini Umbrella Company Fraud Scheme
• HMRC Business Brief: TOMS B2B VAT Accounting for Tour Operators – Technical Change Update
• Understanding VAT Road Fuel Scale Charges for Business Cars
• Government Rejects VAT Cut and EV Grants, Focuses on Low Company Car Tax Instead
• HMRC tax receipts and National Insurance contributions for the UK

UNITED STATES

• Kentucky Tax Changes: New Thresholds, Incentives, and Reporting Requirements
• Illinois Senate Passes Bill Requiring Retailers to Collect Occupation Tax on Out-of-State Sales

UZBEKISTAN

• Over 5 trillion UZS returned to taxpayers by State Tax Committee in Uzbekistan.

VIETNAM

• Enhancing and Completing Legal Regulations on VAT Policies: Proposed Amendments and Improvements

WEBINARS / EVENTS

• Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)

WORLD

• The Five Most Important TaxTech Trends of 2024
• VATupdate.com Daily Newsletter: April 23, 2024

 

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