Oman: Tax authority plans to launch e-invoicing in 2024
Sultanate of Oman Tax Authority has announced the launch of a VAT e-invoicing system within 2024. The e-invoicing system will be rolled out voluntarily in
Region: Asia Pacific
Malaysia: Updated and new documentation are published
The Malaysia Inland Revenue Board has published updated e-invoicing guidelines, which are now on version 2.0. The update includes details on new topics, namely transactions
Thailand Approves Extension of 7% VAT Rate to 2024
September 13, 2023 The Thailand Department of Revenue recently published P.C.S 32.2023. The memo provides the Thailand Cabinet passed a resolution on September 13, 2023,
Laos: E-service Registration Requirements from October 1, 2023
As of October 1, 2023, Laos will impose VAT registration requirements on foreign providers of digital goods, digital services, and digital platform services. According to
Saudi Arabia: New taxpayer group in scope of Phase 2 of e-invoicing announced
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the eighth wave of Phase 2 of e-invoicing. The eighth wave covers taxpayers with at least
Fiji: VAT Rate Increase to 15% From August 1, 2023
As announced in Fiji’s National Budget for 2023-2024 by the Fiji Revenue and Customs Service, the standard VAT rate increased from 9% to 15% for
Saudi Arabia: New taxpayer group in scope of Phase 2 of e-invoicing announced
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the seventh wave of Phase 2 of e-invoicing. The seventh wave covers taxpayers with at least
UAE: Implementation of E-Billing System announced.
On July 11, 2023, the Ministry of Finance of the United Arab Emirates (UAE) announced five major strategic transformational projects which aim to advance the
Saudi Arabia: “Cancellation of Fines and Exemption of Penalties Initiative” extended again
Saudi Arabian Tax and Customs Authority, ZATCA, extended the “Cancellation of Fines and Exemption of Penalties Initiative” until December 31, 2023. This initiative covers fines
Malaysia E-Invoicing: Key Implementation Details Revealed
The Inland Revenue Board of Malaysia (IRBM) has issued a guideline today regarding the implementation details of the upcoming e-invoicing mandate. According to the guideline,
Electronic Invoicing
Malaysia’s E-Invoicing System: Timeline
Update: 23 February 2024 by Carolina Silva Changes to Malaysia’s CTC E-invoice Reporting Mandate Announced On 9 February 2024, the Inland Revenue Board of Malaysia
Vietnam Temporary 2% VAT Rate Reduction from July 1, 2023 until December 31, 2023
On June 30, 2023, the Vietnamese government issued Decree 44/2023/ND-CP on the 2% VAT rate reduction from 10% to 8% lasting from July 1, 2023,
Saudi Arabia: New taxpayer group in scope of Phase 2 of e-invoicing announced
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the fifth wave of Phase 2 of e-invoicing. The fifth wave covers taxpayers with at least
Electronic Invoicing
VAT Snapshot: Change is coming in Spain, Germany, France, Romania, Israel, and Malaysia
In July 2023, the French authorities postponed the implementation timeline. A new timeline will be announced with the adoption of the finance law for 2024.
Electronic Invoicing
Asia Pacific E-invoicing
According to the latest global market report, Billentis, the Asia Pacific region is expected to achieve the highest annual e-invoice volume growth rates compared to Latin America
Israel: More details on CTC system and its implementation timeline published
As we reported earlier, Israel’s government approved the 2023-2024 budget on 24 February 2023, setting the stage for the adoption of the CTC model. Since
Saudi Arabia: No electronic invoicing for the supply of used cars until further announcement
The Saudi Arabian Tax and Customs Authority (ZATCA) decided to suspend the implementation of e-invoicing for the supplies of eligible used cars until a future
Malaysia: E-Invoicing Implementation Timeline Published
The Inland Revenue Board of Malaysia published a press release on 22 May 2023 and announced the implementation timeline of the upcoming e-invoicing mandate. As per the announcement,