VATupdate – VATupdate – Your daily VAT news from around the world

FBR introduced provision for issuance of electronic sales tax invoices by registered persons under Finance Bill 2024 Amendment in section 23 of Sales Tax Act 1990 proposed for electronic invoices Currently limited to certain sectors integrated with...

What happens on June 12 in the world? Independence Day (Philippines): Also known as “Araw ng Kasarinlán” or “Araw ng Kalayaan,” this national holiday commemorates the declaration of Philippine independence from Spain in...

Advice We all know that VAT rules can be as clear as mud. There’s a main rule, an exception to that rule, and then an exception to the exception. It’s like trying to follow a plot twist in a TV-soap! Fortunately...

Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. HIGHLIGHTS Brazil – Electronic invoicing in Brazil: NF-e...

FBR Proposes E-Invoices for Sales Tax Compliance

Latest news

Taxation of Freight Forwarding Services in VAT: Country of Taxation and VAT Rate Explained

German ChatGPT VAT Guide with Accurate Legal Citations

Vietnam’s E-Invoice Implementation: Boosting Transparency and Fighting Tax Evasion

Independent Board Members and VAT: Spain’s Perspective on Tax Treatment of Professional Services

VAT Treatment of DAOs, Protocols, and Blockchain: Recent Developments and Implications

Cyprus Contemplates Zero VAT Extension as Spain Pushes Forward with Reduced Rates

SARS Sentences SHL Wholesalers Owner to 15 Years for VAT Fraud in Landmark Case

Estonian Tax Agency Enhancing Data Collection for Improved Enforcement Efforts

Mandatory SAF-T Electronic File Submission for Large Taxpayers in Ukraine from January 2025

Russia’s VAT Currency Conversion Requirements for Foreign-Made Goods Sold Under Contract Clarified

Dominican Republic’s Updated Taxpayer Lists for Mandatory E-Invoicing Implementation Calendar

Proposed Tax Measures in Finance Bill 2024: Changes in Sales Tax, Auditing, and Fraud Detection

Continuing 2% VAT reduction until the end of 2024 approved by National Assembly

Handling VAT refund information for businesses: Urgent review and clarification by Ministry of Finance

July 2024 Sales Tax Due Dates for Multiple States

Find a Customs Agent or Fast Parcel Operator for Import and Export Declarations

Court ruling on VAT corrections and tax interest for waste separation costs, upheld by judge

Court ruling on VAT corrections and tax interest for waste separation costs, 2016-2019

Dispute over VAT corrections and tax interest on waste separation costs by Dutch municipality

VAT Guidelines: Manpower vs Visa Facilitation Services – Understanding Taxability and Considerations

Responsibility for Failure to Register as VAT Payer: Odessa Tax Office Clarifies Consequences

ECJ Customs Case C‑104/23 A GmbH & Co. KG- Classification of Goods: Scope of ‘Building’ Excludes Calf Hutches – Judgment

Vietnam Government Proposes Extending 2% VAT Reduction on Specific Goods and Services until 2024

VAT nuances in resale of used cars: invoice and sales book processing specifics

Russian Ministry of Finance VAT Rules Clarification for Foreign Goods Sales in 2024

Correcting VAT rate on receipt with buyer’s NIP. How to make corrections and include in records?

Authorization Issues with Trusted Profile in National e-Invoice System

Fiscal Compliance Letters for Missing VAT Declaration: Agency Notification

53rd GST Council Meeting Scheduled for June 22 in New Delhi

Challenges of Triangular Operations in the EU: A Puzzle

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