New Zealand E-invoicing
New Zealand E-invoicing New Zealand began its e-invoicing journey in 2018 through a joint venture with Australia. While it’s far behind many other countries in
Region: Asia Pacific
Australia E-invoicing
Australia E-invoicing Australia is on its e-invoicing journey. It has slowly been rolling out electronic invoicing rules and requirements since 2018, when it launched a
Electronic Invoicing
China: Voluntary e-invoicing soon to be possible across country
The State Taxation Administration (STA) in China recently decided to officially promote the optional adoption of digital electronic invoices throughout the country. The announcement, effective
Singapore and EU Digital Trade Agreement
Singapore has concluded negotiations for a Digital Trade Agreement with the European Union in July 2024. The aim is to streamline digital trade by fostering cross-border
Thailand Approves Extension of 7% VAT Rate to 2025
The Thailand Department of Revenue announced an extension to the reduced VAT rate of 7% from October 1, 2024 to September 30, 2025 through PR
Tax Compliance
Sovos Expands Operations in the Asia Pacific Region
More significant presence in ASIA-PAC enables better communication and service for customers (Singapore – September 18, 2024) Sovos, the always-on compliance company, today announced the
Taiwan: E-Invoicing Updates Regarding e-GUI
The Taiwanese Congress has updated the “Value-Added and Non-Value-Added Business Tax Act” (BTA) to revise the procedures for electronic invoices. These amendments require taxpayers to
Singapore E-invoicing
Singapore E-invoicing While electronic invoicing is not mandated yet on any level in Singapore, the country’s tax authority is working on implementing a continuous transaction
Vietnam: Extension of Temporary 8% Standard VAT Rate Reduction until December 31, 2024
Pursuant to Decree 72/2024/ND-CP as published on June 30, 2024, supplies of goods and services subject to the standard 10% VAT rate will continue to
New Zealand: e-Invoicing Discussions Ongoing
New Zealand has recently signed an e-invoicing Memorandum of Agreement (MoA) with Singapore, whereby the countries have agreed to cooperate on initiatives that promote, encourage,
Laos Standard VAT Rate Increase to 10%
Pursuant to Laos Presidential Decree No. 003/PS signed on March 19, 2024, the standard VAT rate in Laos is increased from 7% to 10%. This
e-Invoicing Turkey
E-invoicing: An Overview Turkey was an early adopter of electronic invoicing when considering the global landscape of tax digitization. As part of its larger e-Transformation
Malaysia: Updates Published to e-Invoicing Documentation
The Inland Revenue Board of Malaysia has released new versions of the e-invoice and e-invoice specific guidelines, alongside a new version of the Software Development
Malaysia: Services Tax Rate Increase to 8% from March 1, 2024
Pursuant to the Service Tax (Rate of Tax) (Amendment) Order 2024, effective 1 March 2024, the service tax rate is increased from 6% to 8%
Malaysia E-Invoicing
Malaysia CTC e-invoice Reporting: From August 2024, e-invoicing in Malaysia will become mandatory for taxpayers with an annual turnover or revenue of more than RM100
Malaysia: MDEC Has Released PINT Specifications
Alongside the developments of the CTC e-invoice reporting mandate in Malaysia, the Malaysia Digital Economy Corporation (MDEC) has become the Peppol Authority in the country.
Malaysia: Technical guidelines for e-invoicing system released
The Inland Revenue Board of Malaysia (IRBM) has just released the long-awaited Software Development Kit, which includes relevant technical documentation for the CTC mandate to
Malaysia: Pilot Phase starting in May 2024
Malaysia is implementing a CTC clearance model starting in August 2024 for large taxpayers undertaking commercial activities in the country. Following recent postponements of the