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

On May 8, 2024, the European Commission released a significant update of the VIDA package “VAT in the Digital Age”, reflecting ongoing adjustments and dialogue among EU member states since the initial proposal on December 8, 2022. The...

Construction Welcome back to another edition of our VAT newsletter, where we’re about to embark on a journey through the intricate world where VAT and building intersect. So, grab your hard hats and let’s...

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. EU Member States are working towards reaching an agreement on the...

What happened on May 13 in the world? 1830: The Republic of Ecuador was founded, with Juan Jose Flores as its president Follow the VATupdate.com Channel now on Whatsapp, click HERE Headlines May 13, 2024 Italy –...

On ECOFIN’s agenda: updated EU proposal for VAT reforms in the Digital Age

Latest news

New Regulatory Update: Kenya’s Electronic Tax Invoice Regulations 2024

New SDK 1.0 Released by LHDNM

Taxera webinar – Greece Success Story Webinar (May 16)

Government’s Plan to Increase VAT to 12% by 2025 Sparks Controversy and Concerns

SC to Provide Clarity on GST for Corporate Guarantees: Relief for Companies from CBIC Circular

Florida State Sales Tax on Commercial Leases Decreases to 2% Effective June 1, 2024

Proposed VAT Threshold Increase to Benefit Small Businesses in Finance Bill 2024.

Boosting Government Revenue: Prioritizing EFD Deployment for Enhanced VAT Collection Across Bangladesh

India Gains State Support for Single Customs Union, Approaches GST Implementation

Singapore GST Voucher 2024: Eligibility, Amount, and Payout Date for Financial Assistance

Liberia Introduces New VAT Law to Replace Sales Tax Regime by 2024

EU Tax and Customs Union DG’s 2024 Agenda: Prioritizing Tax Reforms and International Cooperation

Austria VAT Registration Threshold Proposal: Increase to €42,000

Proposed VAT on Ordinary Bread to Increase Consumer Costs by Sh10 in 2024 Finance Bill

President Ruto’s Administration Proposes VAT Changes Leading to Increased Bread Prices and Vehicle Taxes

Controversial 2024 Finance Bill Proposes New 16% VAT on Cheque Processing and Forex Transactions

Oklahoma Sales Tax Update: Definitions for Taxation of Food and Ingredients (May 10, 2024)

Michigan Sales Tax Update: Credit Card Surcharges Taxable, Feminine Hygiene Products Clarified

Mississippi Sales Tax Reduction on Geophysical Surveying Equipment and Materials

Michigan Sales Tax Implications for Unlicensed Medical Marihuana Provisioning Centers (May 10, 2024)

Proposal to Increase VAT on Unhealthy Food to 21% for Health Benefits

Ruling: Legal implications of property sale to current perpetual user

Ruling: Partial Tax Deduction for Water Infrastructure Investment Expenses

Ruling about Sale of Real Estate Shares – VAT Status and Rate

10% VAT on train transport for tourist-recreational purposes without additional services.

ZATCA Urges Taxpayers to Benefit from Fine Cancellation and Penalty Exemption Initiative by June 30, 2024

Amendment to VAT Act: Changes in tax rates and regulations for various services

ViDA explained #1: Are Summary Invoices still allowed?

Qubic Advisory Services Ltd – UT – Gold bullion – Penalty – whether taxpayer had breached invoicing and record keeping requirements

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