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
Region: Asia Pacific
Palau GST Implementation effective 1 January 2023
Palau is implementing a VAT style tax known as the Palau Goods and Services Tax (PGST). The PGST will be imposed at a rate of
Singapore is extending GST to imported Non-Digital Services and Low-Value Goods effective 1 January 2023
Effective 1 January 2023, Singapore will be extending GST to B2C imported non-digital services and goods imported via air or post that are valued up
Vietnam Standard VAT Rate Increase effective 1 January 2023
Pursuant to Decree No. 15/2022/ND-CP, the standard VAT rate in Vietnam is increasing to 10% from the temporary 8% rate effective 1 January 2023. The
Singapore Standard Rate Increase effective 1 January 2023
Singapore’s Parliament passed a bill increasing the goods and services tax by 1 percent. The standard GST rate will be increasing to 8% from 7%
Uzbekistan Standard VAT Rate Decrease effective 1 January 2023
The Uzbekistan State Tax Committee issued a Press Release on September 19, 2022, regarding changes in the VAT rates as per the head of state.
Maldives GST Rate Increase effective January 1, 2023
On November 22, 2022, the Deputy Commissioner General of Taxation published Circular 220-TD/CIR/2022/04 increasing the general goods and services tax rate from 6% to 8%.
New Zealand: introduces changes to GST invoicing requirements
New Zealand is implementing changes to its GST invoicing and record keeping requirements, which are set to enter into force from April 1, 2023. These
Electronic Invoicing
eGUI: Taiwan’s Approach to Electronic Invoicing
Since 1 January 2019 foreign electronic service providers must issue electronic invoices, a type of e-invoice, for sales of electronic services to individual buyers in
Japan’s Tax System
Japan’s Tax System Japan’s Tax System Starting with the introduction of a multiple tax rate system in 2019, Japan is in the middle of a
Electronic Invoicing
Philippines’ CTC E-Invoice Reporting System is Officially Live
The Philippines continuous transaction controls (CTC) Electronic Invoicing/Receipting System (EIS) has been officially kicked off for the 100 large taxpayers selected by the government to
China: The scope of the pilot program for the fully digitized e-invoice keeps expanding
The Shanghai Taxation Bureau released a notice to inform that from June 25, 2022, the Xuhui District is included in the pilot program for the
Indonesia’s E-Invoicing System
Indonesia’s VAT requirements Indonesia’s e-invoicing system and continuous transaction controls After experiencing challenges in its tax control system, Indonesia’s e‑invoicing system, locally known as e‑Faktur,
Israel’s CTC Reforms and e-Invoicing Tax Changes
Israel e-invoicing Israel is set to implement a continuous transaction controls (CTC) model that will require businesses to submit invoice data in electronic format for
Thailand Electronic Invoicing New Regulations
Thailand’s New Approach to Electronic Invoicing New regulations for e-tax invoicing and receipts expected soon. Thailand’s current e-invoicing legal framework has been in effect since
Electronic Invoicing
United States, Australia and New Zealand: E-Invoicing Reforms
The global trend in the e-invoicing sphere for the past decade has shown that legislators and local tax authorities worldwide are rethinking the invoice creation
Vietnam’s New E-Invoicing System Launches 2022
Vietnam’s E-Invoicing Launch Introducing e-invoicing mandates for VAT in Vietnam. Over the last 10 years, the Vietnamese government has worked on developing a solution to
Philippines VAT Requirements
Philippines VAT Requirements VAT in the Philippines There have been improvements in recent years to VAT revenue collection in the Philippines, but there are a