VATupdate.com Daily Newsletter: May 9, 2024

What happened on May 9 in the world?

• 1873: Levi Strauss and Jacob Davis receive a patent for blue jeans with copper rivets, marking the birth of denim pants as we know them today.

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Headlines May 9, 2024

• ViDA agreement on May 14 – What can be expected for the Platform Economy
• ViDA agreement on May 14 – What can be expected on ”Single EU VAT registration”
• ViDA agreement on May 14 – What can be expected on Digital Reporting Requirements (E-Invoicing)?
• ECJ C-241/23 (P. sp. z o.o.) – Judgment – Taxable amount for contribution in kind of immovable property is issue value of shares
• Poland – JPK_CIT: New reporting obligations in 2025

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• VATupdate Newsletter Week 18 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 April 2024
  • E-Invoicing & E-Reporting developments in the news in week 18/2024
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 2 Judgments, 5 AG Opinions announced till June 6, 2024
  • 1002 ECJ VAT Cases are now available on www.vatupdate.com
  • This is what happened in the ECJ (VAT) in April 2024 – ECJ seems to have booked a front-row seat for the “Busy Month Club”
• VAT Rates
  • April 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological

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WEBINARS

• Webinar ecosio – E-invoicing in Malaysia (May 23)
• Webinar ecosio – E-invoicing in Romania (May 16)

 

 ANGOLA

• Angola VAT Code Amendments: Expanded exemptions, deferred payments, and extended input claim period

AZERBAIJAN

• VAT Refund Project Boosts Cashless Payments in Retail and Healthcare Sector

BELGIUM

• Belgian Government Tweaks VAT Reform Plans for Housing Projects to Boost Industry Amid Pandemic

BULGARIA

• Bulgaria’s Proposal: Expanding Reduced 9% VAT for Accommodation Services

CANADA

• Tax Court of Canada: Laneway House Atop Unsevered Garage Qualifies as New Residential Complex

CHINA

• STA Circular: Rules for Reverse Invoicing in Resource Recycling Companies

DENMARK

• Denial of VAT deduction for expenses related to sale of subsidiary shares upheld by court

ECJ

• ECJ C-241/23 (P. sp. z o.o.) – Judgment – Taxable amount for contribution in kind of immovable property is issue value of shares

EUROPEAN UNION

• Demystifying EU VAT for E-commerce
• EU ViDA delayed July 2027- 35 timetable & compromises
• Qualification of VAT sales vouchers for potential abuses
• ViDA agreement on May 14 – What can be expected for the Platform Economy
• ViDA agreement on May 14 – What can be expected on ”Single EU VAT registration”
• ViDA agreement on May 14 – What can be expected on Digital Reporting Requirements (E-Invoicing)?

EUROPEAN UNION/ ITALY

• ECJ Upholds VAT Credit for “Shell Companies”
• Greasy Hands: EPPO Targets €15 Million Fraud Involving Engine Oil Criminal Network

EUROPEAN UNION/ UNITED KINGDOM

• VAT and SIF Management Post-Brexit: Implications of CJEU Ruling and UK Legislation Review

GCC

• EY Webcast: EU Carbon Border Adjustment Mechanism: Implications for MENA

GERMANY

• Appeal against Conviction for Tax Evasion in Dresden Regional Court
• Application of Margin Tax to Coffee Trips: FG Niedersachsen Judgment
• Tax implications of sales mark-ups on group insurance policies: IPT, VAT or VAT exempt?

GHANA

• Non-compliance with e-VAT system drains Ghana’s economy

GREECE

• Instructions for completing VAT declaration form 050 VAT edition 2024
• Instructions for Filing VAT Declaration Form 050 (2024 Edition)
• VAT Declaration – Clarifications and instructions for completing the new form

INDIA

• GST has helped states earn 24% more than the old regime

ITALY

• Opportunity for Integrative VAT Declaration in 2023: Correcting Errors and Omissions for Balance Adjustment
• Recoverable VAT refund on building constructed by superficiary: implications for amortizable assets.
• Tax treatment of healthcare services from non-conventional facilities: VAT exemption or taxable?

KENYA

• Kenya Issues 2024 Regulations for Electronic Tax Invoices

LATVIA

• Industry Advocates for Lower VAT on Catering Services in Latvia

LIBERIA

• Liberia to Introduce New VAT Regime

MALAYSIA

• Malaysia CTC e-invoice Reporting

MEXICO

• VAT Implications for Nearshoring in Mexico: Recent Rulings and Controversies Explained

NETHERLANDS

• Preparation for New VAT Authorities ICT System Must Improve
• State Secretary Van Rij’s Response to Final BIT Advice on VAT Modernization Program
• Tax Court of Amsterdam: Are Hammam and Rassoul Rituals Considered Bathing Facilities?

NEW ZEALAND

• Changes to Residential Property Taxation Explained: Impact on Interest Deductibility and Future Reforms

NEW ZEALAND

• Clarification on GST for Property Sales: Transitional Rule and Examples

PAKISTAN

• FBR Implements Stricter Oversight for Sales Tax Collection via Bank Accounts
• FBR Simplifies Sales Tax Rules, Eases Balance Sheet Requirement for Businesses
• Pakistan implements amendments to tax appeals system

PHILIPPINES

• Senate bill proposes DoF to process VAT refund claims, amend tax incentives for businesses.

POLAND

• Correcting buyer data on invoice: corrective invoice, note, deadlines, recording, and JPK VAT
• JPK_CIT: New reporting obligations in 2025
• Mandatory KSeF Implementation for VAT Taxpayers: Ministry of Finance Plans Revealed

SWITZERLAND

• Real Estate and Value Added Tax (Part 1): VAT Planning for Real Estate Transfers

TAIWAN

• Important Notice: Changing Responsible Person for Sole Proprietorship and Tax Declaration Deadlines
• Taxation on Sales of Non-Self-Produced Tea Leaves by Tea Farmers
• Tax-exempt Invoice Issuance Guidelines for Foreign Diplomatic Missions and Personnel in Taiwan

TURKEY

• Analysis of VAT Rate Confusion in Food and Beverage Services

UGANDA

• President Museveni Maintains EFRIS for VAT Collections, Urges Dialogue with Traders
• Tax Amendment Bills 2024: Key Changes in VAT Exemptions and Refunds

UKRAINE

• How to Correctly Specify Activities in Taxpayer’s Table: Step-by-Step Guide
• Rules for Budget VAT Refund for UAV Producers under Defense Contracts Explained by Tax Authorities
• Tax Consultation on VAT Exemption Regime under Transitional Provisions
• VAT Obligations for Individual Entrepreneurs in Ukraine: Payment System Commission Taxation Clarification
• VAT Payment Obligations for Individual Entrepreneurs on Foreign Marketplace Commissions: Odessa Tax Office Clarifies

UNITED KINGDOM

• VAT Exemption for Cosmetic Skin Treatments: The Skin Science Case Analysis

UNITED STATES

• Arizona appellate court finds that in-state distributors constituted physical presence
• Colorado district court rules that streaming service is not tangible personal property
• Enacted Colorado bills clarify tax reporting in local jurisdictions
• Recent Updates in Sales Tax Laws and Compliance: April 2024 Review
• Update on digital advertising tax bills in California
• Wisconsin Department of Revenue revises sales and use tax guidance for disregarded entities

UZBEKISTAN

• Cancellation of tax privileges for certain products and services in Uzbekistan: Will MXIK change?

WORLD

• Automating SAP data archiving with the Archiving Sessions Cockpit
• Global Tax Policy and Controversy Watch | May 2024 edition
• The Evolution of E-Invoicing and Digital Trade: Preliminary Insights from the Billentis Report 2024
• VATupdate.com Daily Newsletter: May 8, 2024
• What is a partial VAT exemption? (Or is it partial VAT recovery?)

ZAMBIA

• Zambia’s Tax Collection Revolution: ZRA’s Tech Solutions to Seal Revenue Leaks

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