Electronic Invoicing
Japan: New e-Invoice Retention Requirements
Japan’s new e-invoice retention requirements are part of the country’s latest Electronic Record Retention Law (ERRL) reform. Along with measures such as the Qualified Invoice
Region: Asia Pacific
Saudi Arabia: New taxpayer group in scope of Phase 2 of e-invoicing announced
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the fourth wave of Phase 2 of e-invoicing. The fourth wave covers taxpayers with at least
Malaysia: Proposed Roll-Out Timeline Of New E-Invoicing System
As part of the 2023 state budget presented in 2022, the Malaysian government decided to introduce and gradually implement an electronic invoicing system in the
Saudi Arabia: Amendments to the e-invoicing implementation resolution
Zakat, Tax and Customs Authority (ZATCA) shared Amendments on the Controls, Requirements, Technical Specifications, and the Procedural Rules for Implementing the Provisions of the E-Invoicing
China: Expanding Fully Digitalized E-Invoice Pilot Program
China has further expanded the scope of the taxpayers issuing fully digitalized e-invoices (e-fapiao): From 1 March 2023 newly registered taxpayers in the Inner Mongolia
Thailand: Extension of Incentives to Promote E-Tax Invoices
The Thai Revenue Department announced an extension of tax incentives to promote the current e-tax systems. These incentives will be extended until the 31st of
Sales Tax on Low Value Goods in Malaysia Postponed
The Malaysian Sales and Service Tax Royal Malaysian Customs Department announced the postponement of the imposition of sales tax on Low Value Goods to a
Sales Tax on Low Value Goods in Malaysia Effective 1 April 2023
Effective 1 April 2023, Malaysia will be extending Sales Tax to sales of imported goods with a sale value of RM500 or less. Malaysia defines
South Korea: Introduction of Self-Billing Invoices
South Korea’s latest Tax Reform proposal has recently been approved, and introduces several new measures for the year 2023, among which is the possibility of
India: New Invoice Reporting Portals
The Indian Goods and Services Tax Network (GSTN) has announced that new Invoice Reporting Portals (IRP) have been onboarded. IRPs act as a bridge between
Singapore Government to Mandate InvoiceNow for B2G E-Invoicing
On February 24th, the Senior Minister of State, Mr. Chee Hong Tat, announced that within the next few years, InvoiceNow will become the default e-invoice submission channel
Pakistan Sales Tax Rate Increase to 18%
Pakistan approved an increase to the standard sales tax rate to 18% from 17% through the Finance (Supplementary) Bill, 2023. The Bill, as posted on
China: Expansion of the fully digitalized e-invoicing pilot program
China is expanding its fully digitalized e-invoicing (e-fapiao) pilot program, currently as of 1 January 2023 in scope to issue a fully digitalized e-fapiao are
Value Added Tax
Singapore updates Low Value Goods GST policy
Singapore’s new Low Value Goods (LVG) rules came into effect at the beginning of the year. As of 1 January 2023, private consumers in the
Electronic Invoicing
Thailand: E-tax filing
Thailand has permitted e-invoicing since 2012. From 2017 – following regulations issued on e-tax and e-receipts – taxpayers may prepare, deliver, and keep their invoices
China Small-Scale Taxpayers Rate Reduced
China announced the 3% VAT rate normally applied for small-scale VAT taxpayers will be reduced to 1% from January 1, 2023 to December 31, 2023.
China Extends Small Business VAT Exemption
On January 9, 2023 China announced an extension to the small business exemption from VAT. From January 1, 2023 to December 31, 2023, small-scale VAT
China’s Exemption for Small Business Taxpayers was set to expire on 31 December 2022
China previously announced from 1 April 2022 to 31 December 2022, small-scale VAT taxpayers would be exempt from VAT on taxable sales income subject to