What happened on May 2 in the world?
- International Harry Potter Day: A celebration of the magical world of Harry Potter
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Headlines May 2, 2024
- Cyprus Extends Temporary Zero VAT Rate on Basic Items until June 30, 2024
- Finland’s Proposal: Increase Two VAT Rates to Balance Spending
- RO e-Transport System for Freight Transportation
- Saudi Arabia Determines Criteria for Eleventh Wave of the Integration Phase for the Country’s New E-Invoicing Requirements
- B2B e-Invoicing in the United Arab Emirates (UAE): Peppol DCTCE scheduled for 2026
- Billentis report learnings #1: From a few to 4000+ data fields on invoices
- VATupdate Newsletter Week 17 2024
- E-Invoicing
- ECJ
- VAT Rates
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AFRICA REGION
ALBANIA
ANGOLA
BANGLADESH
- IMF Recommends 15% VAT on Companies with Tk 30 Million Turnover for Revenue Boost
- IMF Urges Bangladesh Bank to Impose 15% VAT on Businesses
BARBADOS
BELGIUM
BOSNIA AND HERZEGOVINA
BRAZIL
- Brazil Ministry of Finance Proposes New Consumption Tax System with Tax Refunds for Low-Income Families
- Proposed Brazilian Law Introduces New Indirect Taxes for Government Implementation
BULGARIA
- Bulgaria’s SAF-T implementation plans move forward
- Parliament Extends 0% VAT for Bread and Flour until Year’s End
COLOMBIA
CYPRUS
- Cyprus Extends Temporary Zero VAT Rate for Basic Goods, Meats, and Vegetables
- Cyprus Extends Temporary Zero VAT Rate on Basic Items until June 30, 2024
- Cyprus extends VAT cut on essentials to 30 June 2024
- Cyprus Extends Zero VAT Rate on Basic Goods, Meats, and Vegetables until June 2024
ECJ
- Comments on ECJ C-314/22: CJEU’s “Bad Debts” Judgment Prompts Rethink on VAT Refunds in Bulgaria
- CJEU rules on VAT for cross-border voucher supplies by M-GbR vs Finanzamt O
- VAT Split Payment Mechanism Upheld by Advocate General in Insolvency Case
FINLAND
- Finland’s Proposal: Increase Two Tax Rates to Balance Spending
- Tax Measures to Strengthen Public Finances
GERMANY
- BFH Resolution: Interest on Arrears and Union Law Compatibility up to 2018
- BFH Ruling on Requirements for VAT Liability of Commercial Recipients of Supply
- CJEU Ruling on VAT Treatment of Gratuitous Supplies: Benefits and Implications for Taxable Persons
- Legal Requirements for VAT Group Integration in Stock Corporation Subsidiaries
- Proposed VAT Amendments in Unofficial Draft Bill for Annual Tax Act 2024
- VAT Deduction for Health Resorts: BFH Ruling on Municipality’s Economic Activity
- VAT Margin Scheme for Art Dealers: ECJ Ruling and National Law Implications
GREECE
INDIA
- GST Compliance Calendar for the month of May 2024
- Karnataka AAR rules on electronic commerce operator status for digital gold sales platform commission collection
LAOS
LIBERIA
MALTA
NETHERLANDS
- Director prosecuted for VAT fraud despite company’s penalties
- Expansion of VAT exemption for sports broader than expected, supporting sports clubs.
- Impact of Changes to Sports Exemption on Municipality’s VAT Deduction Rights
- Tax authorities answer additional questions on UBD in VAT reverse charge situations, April 30, 2024
NIGERIA
POLAND
- Changes in VAT rates from April 1, 2024: Lower VAT on food and cosmetic services.
- Government Decides on Mandatory KSeF Shift. Single Deadline for All VAT Taxpayers.
- MF Response: No Consideration for Lowering VAT on Electricity to 8%
- Ministry of Finance announces new deadline for mandatory KSeF implementation in 2026
- National e-Invoice System: Postponement of Mandatory Implementation to February 1, 2026
- New Implementation Timeline Released for KSeF
- Ruling: Deducting VAT from foreign purchases
- Ruling: No VAT deduction for cultural events project expenses.
- Ruling: No VAT deduction for firefighting equipment project expenses
- Ruling: VAT Exemption for Warehouse Delivery After Initial Settlement
- Ruling: VAT for Real Estate Sales by Individuals
- Tax point for services: Case Study and Legal Interpretation
PORTUGAL
ROMANIA
SAUDI ARABIA
SLOVAKIA
SOUTH AFRICA
TAIWAN
UGANDA
UKRAINE
UNITED ARAB EMIRATES
UNITED KINGDOM
UNITED STATES
- Alabama House Bill 164: Tax on Harmful Material Sales to Minors for Addiction Prevention
- Arizona Legislation Clarifies Timeliness of Electronic Tax Payments for Taxpayers’ Understanding
- California Agricultural Sales Tax Guide
- Colorado District Court Rules Streaming Services Not Subject to Sales and Use Tax
- Colorado’s Retail Delivery Fees: A New Expense in Ecommerce Sales Tax Compliance
- Florida’s ‘Freedom Summer Sales Tax Holiday’ Offers Tax-Free Savings on Outdoor Activities for Families
- Florida’s Freedom Month Sales Tax Holiday: Making Summer More Affordable for Families
- Texas Adopts Rule Defining Locations for Online Order Sales Tax Collection
- Understanding Sales Tax on Shipping in New York
- Virginia Extends Annual Sales Tax Holiday Through 2030, Includes Hurricane Preparedness Equipment
- West Virginia Sales Tax Exemption: New Guidance for Small Arms and Ammunition
VIETNAM
WORLD
- Billentis report learnings #1: From a few to 4000+ data fields on invoices
- Exploring the Future of E-Invoicing: Insights from the 2024 Billentis Report
- OECD and UNDP’s TWIB Annual Report 2024: Boosting Tax Revenues in Developing Countries
- Pagero’s 2024 Billentis Report: Global E-Invoicing Market Growth and Tax Compliance Insights
- VATupdate.com Daily Newsletter: May 1, 2024
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