Indonesia publishes guidance on joint operations tax
Indonesia’s Ministry of Finance introduced Regulation No. 79 of 2024 (PMK 79) regarding the tax treatment of joint operations on 28 October 2024. The joint operations are classified into two categories based on their tax requirements: those
See More
Serbia gazettes VAT law, e-invoicing rule amendments
Serbia’s parliament has passed the Amendments to the VAT Law and the Law on Amendments to the Law on Electronic Invoicing, which was published in the Official Gazette, No. 94/2024, on 28 November 2024. Amendments to the VAT Law Preliminary
See More
Peru announces draft VAT rules for nonresident digital service providers
Peru’s tax authority, SUNAT, has released a draft regulation introducing new value-added tax (VAT) compliance requirements for nonresident digital service providers. These measures are expected to take effect on 1 January 2025. This follows
See More
Serbia: National Assembly adopts e-invoicing law amendment
Serbia’s National Assembly has approved a law to amend e-invoicing on 27 November 2024. The law will take effect on 15 December 2024, with full implementation by 1 January 2025. This follows after Serbia's Ministry of Finance updated the
See More
Kenya introduces pre-filled VAT returns for November 2024
The Kenya Revenue Authority (KRA) has issued a public notice announcing to all VAT registered taxpayers that the VAT return will be pre-filled with tax information available to KRA starting from the November 2024 tax period. This measure is being
See More
Chile revises VAT registration, payment rules for non-resident service providers
Chile’s tax authority (SII) has recently issued Resolution No. 105 on 30 October 2024 and Resolution No. 107 on 14 November 2024. These resolutions update the previous regulations regarding VAT registration and payment for non-resident
See More
Saudi Arabia reveals criteria for 17th phase of e-invoicing
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced updated compliance criteria for the 17th group of businesses required to join the e-invoicing system as part of their broader effort to digitalise the tax system and increase VAT
See More
Hungary to mandate e-invoicing for energy sector starting January 2025Â
Effective 1 January 2025, electronic invoicing (e-invoicing) will be compulsory in Hungary for electricity and natural gas suppliers, including traders, distributors, and transmission system operators supplying electricity and natural gas to
See More
Dominican Republic unveils rules for enforcing mandatory e-invoicing
The Directorate General of Internal Revenue (DGII) of the Dominican Republic has released Notice 20-24 regarding the promulgation of Decree 587-24, which introduces new regulations for implementing Law 32-23, known as the Electronic Invoicing
See More
Germany publishes final guidance on mandatory e-invoicing
The German Ministry of Finance has published the final guidance on mandatory e-invoicing on 15 October 2024. The principles of the guidance are to be applied to all sales made after 31 December 2024. As established by the Growth Opportunities
See More
Romania issues registration forms for non-resident payment service providers
Romania’s tax authorities issued Order No. 6508/2024, which introduces Form 709 for requesting tax registration for non-resident Payment Service Providers with reporting obligations in Romania under the Amending Directive to the VAT Directive
See More
Italy releases company list subject to VAT split-payment next year
Italy's Department of Finance has released the updated lists of companies subject to the value-added tax (VAT) split-payment system in 2025. The lists will be updated throughout the year. The revised lists include companies or entities controlled
See More
Bolivia revises payment document rules for transactions over BOB 50,000
Bolivia's National Tax Service released Normative Resolution No. 102400000021 of 20 September 2024, which updated rules for documentation on transactions over BOB 50,000, effective for all individuals and entities. The Normative Resolution No.
See More
Serbia: No electronic input VAT recording needed for September 2024 tax period
Serbia’s Ministry of Finance announced on 9 October 2024 that users of the electronic invoicing system (SEF) will not be required to record input VAT electronically for the September 2024 tax period, citing technical issues. The ministry
See More
Finland consults TV Tax, VAT on broadcasting services, increases VAT rate on broadcasting from 10% to 14%
Finland’s Ministry of Finance initiated a public consultation on 4 October 2024 on a draft proposal to revise the TV Tax for individuals and businesses and to adjust the VAT on public broadcasting services. The consultation is set to conclude
See More
Croatia consults amendments to VAT Act
Croatia’s government initiated a public consultation for draft legislation in which it plans to amend the VAT Act by raising the annual threshold for mandatory VAT registration from EUR 40,000 to EUR 50,000, aligning with the cumulative inflation
See More
Malawi to introduce VAT e-billing system in 2024
Malawi will implement a mandatory VAT e-invoicing system under its 2024/25 budget policy to combat VAT fraud and evasion, as announced by the Minister of Finance on 23 February 2024. The new system will replace existing electronic fiscal devices
See More
Belgium postpones VAT declaration, payment reformsÂ
Belgium announced several amendments to the Belgian VAT Code, which were introduced by the Law of 12 March 2024. The amendments were initially set to take effect on 1 January 2024, but have been postponed to 1 January 2025. The changes in the VAT
See More