VATupdate.com Daily Newsletter: September 9, 2024

What happened on September 9 in the world?

Final weekend US Open Tennis

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Headlines September 9, 2024

• E-Invoicing & E-Reporting developments in the news in week 36/2024
• Amazon Introduces One-Stop-Shop (OSS) Declaration System for EU Sellers: Simplifying VAT Compliance
• Comments on ECJ C-639/22 & other – Debate Continues on VAT Exemption for Pension Funds in the Netherlands
• Poland – NSA Rules Employer Liable for VAT on Empty Invoices Issued by Employee: Implications for Oversight
• United Kingdom – Understanding the Tour Operator Margin Scheme for Reselling Airline Tickets in the UK

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• VATupdate Newsletter Week 35 2024
• NEW – EU Country Overviews
• E-Invoicing
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • 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 August 2024
  • E-Invoicing & E-Reporting developments in the news in week 36/2024
  • E-Invoicing heatmap for Europe
  • Collection of E-Invoicing Guides – Worldwide
• ECJ
  • ECJ VAT Cases decided in 2024
  • Agenda of the ECJ VAT cases – 10 Judgments, 2 AG Opinions will be issued before October 4, 2024
  • This is what happened in the ECJ (VAT) in August 2024 – Only new cases announced
  • 1033 ECJ VAT Cases are now available on www.VATupdate.com
  • 1033 ECJ VAT Cases are now available on www.VATupdate.com – ALPHABETICAL INDEX
• VAT Rates
  • August 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
  • Global Upcoming VAT Rate changes – Chronological
• E-Commerce
  • Global VAT Revolution in E-commerce and Digital Services Tax – August 2024 Update!

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Argentina

• Argentina Reduces Impuesto Pais Tax Rate on Digital Services to Boost Local Economy

Azerbaijan

• New VAT Refund System in Azerbaijan: Benefits for Tourists and Businesses

Canada

• Maximizing Tax Savings: Understanding GST/HST Rebate for Rental Properties in Canada
• Understanding the GST/HST Rebate for Purpose-Built Rental Properties in Canada

China

• China’s New VAT Policy: Simplifying Tax System and Easing Burden on Businesses

Colombia

• Colombia Expands E-Invoicing Requirements to Include Gambling and Air Fares for Tax Compliance

Cyprus

• Cyprus Extends Zero VAT Rate on Goods, Postpones Deadline for VAT Objections Submission.
• Cyprus Reduces VAT Rate to 5% for First 200 Square Meters of Property to Boost Market

Denmark

• Changed VAT deduction as a result of a changed method for calculating VAT-liable turnover for the sale of used cars covered by the second-hand VAT scheme

Estonia

• Estonia Further VAT Rate Increase

European Union

• Amazon Introduces One-Stop-Shop (OSS) Declaration System for EU Sellers: Simplifying VAT Compliance
• Comments on ECJ C-182/23: VAT Exemption for Land Expropriation by Public Authorities in EU Countries
• Comments on ECJ C-639/22 & other – Pension funds may be common investment funds
• Comments on ECJ C-83/23: VAT refund for incorrectly invoiced VAT by bankrupt supplier
• EU Commission Proposes VAT Reform to Simplify Cross-Border Trade and Combat Tax Fraud
• Comments on ECJ C-83/23 (H GmbH): Protecting Your Business – Avoiding Incorrectly Invoiced VAT from Bankrupt Suppliers
• Comments on ECJ C-639/22 & other: ECJ Rules Dutch Pension Funds Exempt from VAT on Investment-Dependent Benefits
• Comments on ECJ C-639/22 & other – Debate Continues on VAT Exemption for Pension Funds in the Netherlands

Finland

• Finnish Government Extends Reduced VAT Rates for Restaurants to Boost Industry Recovery

France

• Importance of Proper Documentation for VAT Exemption on Intra-Community Supplies in the EU

India

• Ensuring Transparency: Will Indian Insurance Companies Pass on Lower GST Rates to Consumers?
• GST Council mulls 18% tax on payment aggregators for small transactions to boost revenue.
• GST Council to Consider 18% Tax on Mobile Wallet Payments for Transactions up to Rs 2000
• Navigating GST Seizures: Key Court Rulings and Compliance Tips for Businesses in India

Italy

• Italy’s Fiscal Delegation Law: Changes in VAT on Artworks and Indirect Taxes Updates

Lithuania

• Lithuanian Employers’ Confederation Urges Against VAT Increase for Effective Tax Reform.

Malaysia

• Reforming Malaysia’s Tax System: OECD Survey Calls for VAT or GST Implementation

Netherlands

• Dutch Tax Authorities End Deferral Policy for Gaming Machine Operators: Financial Implications Ahead
• VAT Implications for Business Purchases: Dutch Supreme Court Ruling Highlights Importance

New Zealand

• New Zealand Inland Revenue Guidance on GST for Managed Funds

Pakistan

• New Withholding Tax Card for Exporters Simplifies Refund Process and Reduces Burden in Pakistan

Philippines

• Filipino lawmakers clash over proposed VAT fix in free zones, sparking revenue concerns.

Poland

• Company’s VAT Deduction Dispute: Implications for Future Expense Claims and Tax Handling
• Navigating the Complex Process of Deregistering from VAT in Poland: A Comprehensive Guide
• No right to deduct VAT on expenditure on project implementation by the association
• NSA Rules Employer Liable for VAT on Empty Invoices Issued by Employee: Implications for Oversight
• Poland’s Ruling on Proportional Deduction of Input VAT for Taxpayers with Mixed Activities
• Ruling: VAT on the sale of real estate by a natural person
• Supreme Court in Poland Holds Employers Liable for Employee VAT Fraud: Implications for Compliance
• VAT Ruling: VAT on the exchange of real estate by the municipality

Slovakia

• Slovakia’s New Postponed Accounting System: Simplifying VAT Compliance and Improving Cash Flow for Businesses

Taiwan

• Taiwan Extends Deadlines for E-Invoice and Withholding Tax to Improve Tax Compliance Efficiency
• Taiwan Implements Reduced VAT Rate to Boost Economy and Encourage Tourism Spending

Turkey

• Impact of Value-Added Tax on Earthquake Reconstruction Costs: A Financial Burden in Affected Areas

United Kingdom

• Barclays Service Corporation VAT Grouping Rejection: First-tier Tribunal Decision
• COVID-19 Pandemic Spurs Changes in VAT and GST Regulations Worldwide for Business Relief
• UK Ruling on Fixed Establishment in VAT Group Cases: Implications for Businesses in EU
• Understanding the Tour Operator Margin Scheme for Reselling Airline Tickets in the UK
• VAT Treatment of City Passes by Go City Limited: First-tier Tribunal Decision

United States

• Alabama to exempt honeybees from sales tax in effort to support beekeeping industry.
• Indiana Department of Revenue Denies Sales Tax Refund Claim for Surgical Services Provider
• Navigating Sales Tax Compliance Challenges in the Era of Remote Work

World

• E-Invoicing & E-Reporting developments in the news in week 36/2024
• VATupdate.com Daily Newsletter: September 7, 2024

Zimbabwe

• Zimbabwe Implements New VAT System to Boost Revenue and Address Fiscal Challenges

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