Animals
Pets have a unique way of brightening our lives. They become confidants, companions with whom we share our deepest thoughts, feelings, and secrets. Playing with them can bring immense joy, although perhaps less so with goldfish. And let’s not forget the less glamorous side of pet ownership—like braving the rain to walk the dog when it’s raining ‘cats and dogs’.
Apparently, owning a pet can even extend your lifespan. With reduced stress levels and an overall sense of happiness, pet owners often find solace in their furry friends. Unless, of course, you happen upon a horse, as one unlucky fellow discovered.
A man, visibly shaken, rushes into a roadside bar, urgently ordering a large brandy. The concerned bartender listens intently to his tale.
“I was driving along, minding my own business, when suddenly my BMW decides to call it quits! So I pull over, pop the hood, and realize I haven’t the foggiest clue how these modern cars operate! Just as I’m about to call for roadside assistance, two horses trot up to the fence and start inspecting the engine. And one of them starts talking! Can you believe it? Clear as day!”
“Really?” asks the bartender, curious. “What did the horse say?”
“It told me to press down on some plastic bit until I heard a click. So I did just that, and lo and behold, the engine roared back to life!”
“Fascinating,” muses the bartender, polishing a glass. “And what colour was this horse?”
“Colour? Why does that matter? The thing spoke to me, plain as day! It was a brown horse, if you must know.”
“Ah, I suspected as much,” nods the bartender knowingly. “The white one wouldn’t know a thing about BMW ignition systems.”
And so, dear friends, this tale illustrates that solutions can emerge from the most unexpected sources. Although, if you’re in search of VAT news, there’s only one direction to turn—straight to our website www.vatupdate.com. But hey, you can also find us on WhatsApp and LinkedIn. We’ll have your VAT engine purring in no time!
To go directly to the region, click below:
WORLD
- E-Invoicing/CTC mandates in May 2024
- Join Our VAT Discussion Forum on WhatsApp – Explore, Learn, and Connect!
- E-Invoicing & E-Reporting developments in the news in week 17/2024
- E-invoicing Procurement Guide 2024
- Generative AI: What should tax directors be thinking about?
- How do you deal with a Transfer Pricing Adjustment for VAT purposes? Join the discussion on WhatsApp
- What are zero-rated supplies? Definition & examples
- What is E-invoicing? Definition, Benefits & Challenges
- Tips and Tricks for a Successful E-invoicing Implementation with ERPs
- Global Taxation Trends in the Digital Economy: Updates and Developments as of April 2024
- The Significance of B2B E-Invoicing: Efficiency, Compliance, and Global Impact
- The Five Most Important TaxTech Trends of 2024
- On-demand webinar: Decoding ViDA – Global Impacts for Multinational Organizations
- GVC Webinar – European and US Approaches to Indirect Tax in Cross-Border Trade (May 15)
- Fonoa Webinar – The Era of Real-Time Compliance (May 14)
- Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)
- SNI Webinar – e-Invoice Guide for Businesses in the APAC Region | Part 2 (April 30)
MIDDLE EAST
- Accounts and Commerce Records to be Kept up beneath Bahrain VAT
- NBR’s Virtual Workshop: Introduction to VAT in Bahrain
- Countdown to Israel’s Invoice Allocation Number mandate
- Unicameral legislature of Israel Approves 1% VAT Increase starting January 1, 2025
- Gateway to Growth: Exploring Tax Benefits in Saudi Arabia’s
- Saudi Arabia Makes Electronic Invoicing Mandatory: FATOORAH Project
- EU and US Sign Agreement for E-Invoicing Compatibility: A Step Towards Global Interoperability
- VAT Payment in UAE
- UAE FTA Stresses on Accurate Emirate-Specific VAT Reporting in e-Commerce
AFRICA
- 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
- Introduction of 19% VAT on Official Fees Associated with Intellectual Property Services
- Algeria’s tax authority issues guidelines for treatment of deducted VAT, compliance requirements for VAT-exempted turnover
- President Boakai Seeks Amendment from GST to VAT for Liberia’s Fiscal Integration and Revenue Generation
- President Boakai Proposes VAT Reform to Boost Revenue Generation in Liberia
- Liberia looks to implement VAT
- Capitec Bank VAT Case (Case CCT 209/22)
- South Africa: Proposed transfer pricing adjustment rules
- South African Constitutional Court Rules in Financial Services VAT Dispute
- 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
AMERICAS
- Brazilian Government Proposes Tax Overhaul to Boost Economic Growth and Streamline Compliance Costs
- Brazil Government Proposes Tax Overhaul to Boost Economy and Simplify Compliance Costs
- Brazil VAT implementation regulations
- Navigating Sales and Use Tax Compliance: A Comprehensive Guide for Businesses
- Illinois Senate Passes Bill Requiring Retailers to Collect Occupation Tax on Out-of-State Sales
- Maine: New Law Allows Businesses to Pay Tax on Certain Purchases Over the Use of Rental Rather than Upfront
- Louisiana Appellate Court Affirms OTCs are Not Subject to Tax as Hotels or Dealers
- Colorado: New Law Seeks to Help Streamline State and Local Sales and Use Tax Compliance
- Electronic Invoicing in USA
- Texas Tax-Free Weekend: Stock Up on Emergency Supplies Without Paying Sales Tax!
- Kentucky Tax Changes: New Thresholds, Incentives, and Reporting Requirements
ASIA PACIFIC
- Azerbaijan Determines Tax and VAT Concessions Related to COP29
- 30% VAT Refund for Cashless Real Estate Purchases: Successful Implementation of “VAT Refund” Project
- Why Increase VAT Burden amid High Inflation?
- Rising VAT Burden Amid Inflation: Concerns and Implications for Low-Income Earners
- Petitions Mount as GST Notices Surpass Three-Year Return Filing Deadline
- E-invoicing in India: Requirements, Challenges, and Compliance Steps for Businesses
- Amendment of BE on Payment of IGST for Advance Authorisation Default
- GST Council to Review Exempting Reinsurance from GST After General Elections
- Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
- Common Mistakes in E-Invoicing Implementation in Malaysia and How to Avoid Them
- Malaysia’s National E-Invoicing Program: A Comprehensive Overview
- FBR updated technical specifications for data sharing through API
- Integration of Tier-1 Retailers with FBR’s POS System: Sales Tax General Order No. 01/2024
- Regional Pacts for VAT on Digital Services: Boosting PH through Multilateral Cooperation
- Clarification on VAT Refund Process under New Regulations
- New Tax Regulation Implements Amendments to VAT and Percentage Tax Provisions
- Singapore: InvoiceNow Project for Electronic Invoicing via Peppol
- Singapore Tax Agency Issues Guidance on GST Registration for Overseas and Local Businesses
- Singapore’s Peppol Journey: Pioneering E-Invoicing Beyond Europe
- 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
- Vietnam Considers VAT on Cross-Border E-Commerce Goods to Boost Revenue Streams
- Revamped VAT Law to Boost Agriculture and Fisheries in Vietnam
- Enhancing and Completing Legal Regulations on VAT Policies: Proposed Amendments and…
EUROPE
- ECJ C-677/21: Illegal Electricity Supply
- ECJ C-73/23 (Chaudfontaine Loisirs) – AG Opinion – VAT treatment for Land-based and Online Gambling Services is allowed
- ECJ C-741/22 (Casino de Spa and Others) – AG Opinion – VAT neutrality allows for differentiation of…
- ECJ Case C-164/24 (Cityland) – Questions – Automatic Removal of Taxpayers from VAT Register
- New ECJ VAT Case C-276/24 (KONREO) – No details known yet
- Comments on ECJ C-73/23: Abolition of VAT exemption for online games of chance not contrary to EU law
- Comments on ECJ C-68/23: Whether vouchers are single purpose vouchers – probably yes – if MPVs is the taxpayer making separate supply of services as…
- Comments on ECJ C-89/23: Pawnbroker – Commission received for forced sale of pledged goods – whether commission is exempt – no – taxpayer loss
- ECJ VAT Cases per country …. Germany, UK, Netherlands top – Malta and Cyprus nil cases
- Comments on ECJ C-68/23: Beware of VAT rules when offering vouchers to customers
- Comments on ECJ C-68/23: VAT Classification of Prepaid Cards and Vouchers
- 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
- Comments on ECJ C-68/23: Qualification of SPV not impacted by cross border supplies
- Comments on ECJ C-89/23: Lender VAT due for auction pledged goods
- Comments on ECJ C-68/23: ECJ clarifies the qualification of a ‘single-use voucher’
- Roadtrip through ECJ Cases – Limitation period for the Right to Deduct VAT (Art. 167, 178, 179, 180, 181,…
- ECJ C-207/23 (Finanzamt X) – Judgment – Wood drying and heating as VAT base
- ECJ Judgment on VAT Treatment of Vouchers Clarifies SPV vs MPV Classification
- ECJ Ruling on VAT Treatment of Vouchers: Case C-68/23 (M-GbR vs Finanzamt O)
- ECJ Ruling on German VAT Rules for Vouchers: Implications for Prepaid Cards Marketing
- New ECJ VAT Case C-270/24 (Granulines Invest) – No details known yet
- ECJ Ruling: Hungarian VAT Deduction Rules and Late Payment Interest Rights
- ECJ (non-VAT) C-316/22 (Gabel Industria Tessile and Canavesi) – Judgment – ECJ Judgment Empowers Taxpayers for Reimbursement in EU Law…
- New ECJ VAT Case C-278/24 (Genzyński) – No details known yet
- New ECJ VAT Case C-277/24 (Adjak) – No details known yet
- ECJ Rules VAT on Auctioned Pledged Goods Not Ancillary to Loan Services
- ECJ C-657/22 (Bitulpetrolium Serv) – Judgment – Energy products taxation principles
- ECJ C-60/23 (Digital Charging Solutions) – AG Opinion – VAT Treatment of Electricity Supply for EV Charging
- E-Invoicing & Digital Reporting in the EU: Key Updates and Compliance Deadlines
- European Economic and Social Committee Applauds VAT Measures in SME Relief Package
- Corporate Sustainability Due Diligence Directive approved by the European Parliament
- What is a VAT number?
- DAC7: Reporting Obligation for Digital Platforms and Online Marketplaces
- “Screw It!” — A Tiny Little Thing Makes Life Difficult for European Trade Compliance Officers (A Personal…
- European Commission Group on the Future of VAT publishes minutes of 44th meeting
- EY TradeWatch | Issue 1, 2024
- Objectives and impact of the DAC7 Directive on platform operators and users discussed
- Already thought about DAC7?
- DAC7 and the impact on vendor taxation
- Update Practical Guide DAC6
- Austria’s Input VAT Rules for Foreign Entrepreneurs: Recent Court Decision Clarifies Requirements
- BMF Guidance: VAT Applies to Parent Company Charges for Board Member Services
- Belgian Notice on Small Business Option for VAT Exemption Based on Turnover
- VAT Exemption Scheme – Notification via MyMinfin for Small Businesses in 2023
- Denmark Tax Agency: VAT Liability Increase and Non-Approved Input VAT Deduction Clarification
- Fiscalization of Pop-Up Stores and Market Sales in Denmark
- Tax Exemption for Tattoo Artist – Landsskatteretten Decision
- Requirements for digital standard bookkeeping systems
- Finnish Supreme Court Clarifies VAT Exemption for Independent Associations in Landmark Decision
- Finnish Supreme Court Clarifies VAT Exemption for Independent Associations
- Understanding the 2025 VAT Regime Change on Artworks
- Calculating VAT: Rounding and incidental costs with specific rates
- Annual Tax Act 2024: amendments to the Platform Tax Transparency Act (PStTG)
- GoBD 2024: What’s new? – Procedural documentation and TCMS rewarding for tax audits
- Abolition of the Cuxhaven free port and amendment of fine provisions in customs law
- A VAT assessment can only be changed against the performing entrepreneur if they have a transferable claim
- Updated Form for VAT Special Audit by Federal Ministry of Finance (BMF)
- Germany mandates B2B e-invoicing from 2025 to 2028, phasing out paper invoices
- Unified form for VAT special audit; form template USt 7 A.
- Introduction of compulsory e-invoicing in Germany
- Companies now required to register for levy obligation on single-use plastic products
- Input tax deduction for spa facilities: BFH ruling on municipal tourism taxation
- 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
- Revocation of Late Payment Surcharge for VAT under § 152 AO – State Court Decision
- Limitation of differential taxation on intra-Community acquisition of art objects under national law
- Germany introduces mandatory e-invoicing for domestic B2B transactions as of 1 January 2025
- Changes in merchandise classification requests for defining VAT rate introduced by Customs from May 1st.
- Refund Right Follows VAT Credit in Business Transfer: Legal Subject Varies Based on Agreement
- Simplified tax declarations for VAT – Streamlined VAT
- Standard VAT rate for plant-based pet litter not for food use: Italian tax authority ruling
- Credit Assignment between VAT and Registration Tax: What is Convenient?
- Lithuania Proposing to Restore Cut-Rate VAT For Restaurants
- Lithuania Considering Renewed VAT Rate Reduction for Catering Services
- Lithuania’s Proposal to Reinstate Reduced VAT Rate for Catering and Takeaway Food Services
- Guide to Claiming EU VAT Refund under the 8th Directive
- Malta Gazettes Consolidated Text of VAT Act 1999
- Amsterdam Court of Appeal Decision whether VAT is due on unused minutes, texts, and data in mobile…
- 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
- Limited Fiscal Representative Permit and Article 23 Permit Rightly Withdrawn
- VAT Compliance in Poland: An Overview for Businesses
- KSeF obligation kicks off in February 2026
- Ministry of Finance issued the ”Summary of the KSeF audit” and announced new dates for E-Invoicing mandate
- Poland: New Mandatory Date for B2B Electronic Invoicing
- No reduction in VAT on electricity in Poland, according to Ministry of Finance
- BREAKING: Poland Feb 2026 B2B KSeF e-invoicing mandatory starting Feb 2026
- Changes in SAF-T
- VAT on Sale of Single-Use Packaging: Taxation Issues and Guidelines for Businesses
- Planned changes in KSeF after consultations: Updates on mandatory e-invoicing system postponed
- Private Lease Income and VAT Payment Obligations: Legal Insights for Property Owners in Poland
- 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
- VAT Exemption for Sale of Property or Shares – Correct Individual Interpretation Provided
- Poland’s B2B e-Invoicing Consultation Results: Key Findings and Future Directions
- Changes in Confirmation of 0% VAT Rate for International Transportation…
- New Customs Duties Imposed on Imports from ‘Unfriendly’ Countries by Government
- Simplified Confirmation of Zero VAT Rate for International Transport: Changes in Russian Legislation
- Slovak Parliament Considering Temporary VAT and Excise Duty Reduction on Gasoline and Diesel Fuel
- Lithuania Introduces Bill to Restore Reduced VAT Rate for Restaurant Services
- Slovak Parliament Considers Temporary Reduction in Gasoline and Diesel Fuel Taxes
- Electronic Invoicing (e-FACT): Compliance and Analysis in Catalonia
- Consultation on VAT for hired singer at private events: 10% rate
- Deadline for Submission of VAT Registration Form No. 1-PDV
- Preventing Illegal VAT Refunds: BEB Recommendations for State Budget Losses in Q1 2024
- Registration Procedure for VAT Payers in Odessa Region
- Payment of VAT fines: from VAT account or bank account? Clarification on penalties for late tax…
- Elphysic Ltd & Ors: Uncovering the Mini Umbrella Company Fraud Scheme
- Tax News in Brief
- UK Notes Upcoming Consultation on VAT Relief for Charitable Donations
- The VAT Flat Rate Scheme Explained
- Guide for overseas businesses: Navigating VAT regulations on online marketplaces in the UK
- 5 VAT Strategies for Car Garages to Use In 2024
- VAT battle over data barter
- UK CBAM Consultation: Driving Global Decarbonisation and Supporting British Industries
- Superdrug’s Campaign: Condom Benefits Outweigh VAT Revenues in UK
- VAT Valuation: Guidelines for Converting Foreign Currency to Sterling for HMRC Compliance
- The Toilet Roll Tax: UK’s Absurd VAT Rules and Their Impact on Society
- UK Court Rules Mega Marshmallows Not Confectionery, Innovative Bites Wins VAT Case
- UK Implements New Reporting Rules for Freeport and Investment Zone Businesses
- UK VAT threshold rises, but growth obstacle remains for small businesses post-Brexit.
- VAT Groups and Time of Supply Rules: Impact on VAT Liability for Services Provided
- VAT treatment of ‘Mega Marshmallows’ as confectionery: FTT and UT decisions analysed
- VAT Treatment of Telematics Devices Provided by Insurance Intermediary: WTGIL Ltd v HMRC
- VAT Treatment of Charitable Donations – Future consultation
- Tour Operators’ Margin Scheme for business to business (B2B) wholesale supplies
- Consultation on the VAT treatment of Private Hire Vehicles
- HMRC compliance activity increases
- UK Clarifies No Change in VAT and Excise Policy Following Removal of the Supremacy of EU Law
- Scotland Eyeing New Carbon Tax
- Government Consultation on VAT and Private Hire: Implications for PHV Operators and Drivers
- UK Taxpayer Spared £14 Million VAT Penalty on Gold Imports Due to Customer Contracts
- Protect Yourself: VAT Refund Fraud Alert from Hillier Hopkins LLP, Chartered Accountants & Tax…
- UK Government Proposes VAT Relief to Encourage Business Donations to Charity
- 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
- Navigating Britain’s Complex VAT System: A Guide to Avoiding Tax Pitfalls on Everyday Items
- UK Government Rejects Proposals for EV Incentives, Maintains Low Company Car Tax Rates
- VAT Groups in the UK: Prudential Case Highlights Implications for Members – Court of Appeal Decision
- HMRC RCB 4 (2024): Interpretation of VAT and Excise Law from 1 January 2024
- HMRC Business Brief: TOMS B2B VAT Accounting for Tour Operators – Technical Change Update
- Government Announces Tax Measures and Consultations on VAT, Charitable Donations, and Non-Compliance
- Government Rejects VAT Cut and EV Grants, Focuses on Low Company Car Tax Instead
- Understanding VAT Road Fuel Scale Charges for Business Cars
- HMRC tax receipts and National Insurance contributions for the UK
- UK Brexit Agri-foods customs controls new delays
