Regulatory Analysis
The Philippines has published Joint Administrative Order (JAO) 001-2025, issued by the Committee on Pre-border Technical Verification and Cross-border Electronic Invoicing (CPTVCEI), which includes key agencies such as the Department of Finance (DOF), Bureau of Customs (BOC), and Department of Trade and Industry (DTI), among others. This order introduces the Pre-border Technical Verification (PTV) and […]
Croatia has published a Draft Law on the Law on Fiscalisation and opened a Public Hearing from 27 February 2025 to 25 March 2025. The draft law broadens the current Fiscalisation framework by introducing mandatory domestic B2B and B2G e-invoicing and a real-time continuous transaction control (CTC) system for reporting invoice data to the tax authority across B2B, B2G, and B2C transactions. […]
The Philippines Bureau of Internal Revenue (BIR) has published Revenue Regulations 11-2025, which implement changes to existing e-invoicing and CTC e-reporting obligations. The officially published regulation includes a few changes compared to its draft version. The amendments made in the official version include: Broader Taxpayer Scope: Taxpayers classified as Large Taxpayers under Republic Act No. […]
In December 2024, the Ministry of Economy and Finance (MEF) announced the launch of Cambodia’s centralized CTC e-Invoicing System, allowing taxpayers to join voluntarily. In January 2025, the MEF began Stage 1 of the system’s mandatory roll-out, starting with a B2G obligation. It applies to the central budget units of the Ministry of Economy and […]
The Inland Revenue Board of Malaysia (IRBM) has recently updated their guidelines to include a postponement of the CTC mandate for certain small taxpayers. Previously, all taxpayers were set to be in scope by 1 July 2025. However, two new taxpayer groups have now been introduced: Taxpayers with an annual turnover or revenue of more […]
The Australian Government is enhancing its commitment to increase Peppol e-invoicing in the country. This commitment is highlighted in the State Budget for 2025. The Government recognizes its role in leading the uptake of e-invoicing in Australia and aims to promote the adoption of e-invoicing by all businesses, by continuing outreach efforts and considering a […]
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 from 1 December 2024, confirms that digital invoices will have the same legal effect as paper invoices and will have the following categories: VAT special invoices. Ordinary invoices. Air transport […]
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 data flows and regulatory cooperation. Therefore, there is a focus on e-invoicing, and both parties are committed to supporting cross-border interoperability of e-invoicing standards. This aim is already aligned with the use of Peppol […]
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 29/2024 issued on September 17, 2024.
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 transmit electronic government uniform invoices (e-GUIs) and all necessary related information to the Ministry of Finance’s (MoF) Integrated Service Platform for storage and verification. The transmission deadlines are 7 days […]
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 apply the temporary 8% standard VAT rate until December 31, 2024. The 2% VAT rate reduction, which was previously set to expire on June 30, 2024, has been extended by […]
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, support, or facilitate the adoption of e-invoicing by businesses. In addition, mandatory e-invoicing is being discussed within the e-Invoicing Adoption Leaders Group, which includes representatives from both the business and […]
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 Decree was published in the Lao Official Gazette on March 26, 2024. The Decree, as published in the Official Gazette, can be found here (in Lao).
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 Kit (SDK). The update to SDK, first launched in February, includes clarifications and new technical information, namely e-signature requirements for the CTC mandate, going live in August of 2024. An […]
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% on all taxable services except for food and beverage preparation, telecommunications, parking provision services, and logistics, which will remain at the 6% rate. The order can be found here (in […]
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. MDEC is implementing the Peppol framework in Malaysia and it will be available for the exchange of e-invoices, complementing the e-invoice reporting mandate, which will not handle the delivery of […]
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 be implemented, starting in August of 2024. According to the IRBM, the e-Invoice Software Development Kit is a collection of tools, libraries, and resources providing a set of functionalities, Application […]
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 mandate, the pilot phase set to start in January of 2024 has also been postponed and, until recently, no date had been communicated for its launch. The Inland Revenue Board […]