TikTok Shop has become a popular marketplace in Indonesia, providing sellers with effective marketing opportunities. However, as its use grows, it’s essential for sellers to understand their tax obligations. The TikTok Shop Tax refers to the general tax responsibilities for transactions on the platform, which are governed by existing e-commerce regulations in Indonesia. Sales on TikTok Shop are ta... Read more

Ireland plans to modernize its invoicing and VAT reporting systems, focusing on mandatory electronic invoicing for intra-community transactions, standardized digital reporting, and real-time VAT reporting through Continuous Transaction Controls (CTC). A 2023 public consultation gathered feedback, with a report forthcoming. While electronic invoicing is currently optional, the proposed changes aim... Read more

China’s State Taxation Administration (STA) has announced the nationwide rollout of optional digital electronic invoices starting December 2024, granting them the same legal validity as paper invoices. Covering various categories like VAT invoices and transport tickets, these digital invoices will feature unique 20-digit identification numbers and essential transaction details. The State Taxation... Read more

In 2023, the New Zealand Inland Revenue announced new reporting obligations for digital platforms, effective in 2024, based on the OECD Model Rules for Reporting by Platform Operators in the Sharing and Gig Economy. These rules require digital platforms in New Zealand to collect and report data on sellers receiving fees for specified services. With the reporting deadline approaching (February 7, 2... Read more

India's GST Council is lowering the reporting threshold for e-invoicing to the Invoice Registration Portal (IRP), effective April 1, 2025. From this date, businesses with an annual turnover exceeding ₹10 lakh (approximately 11,859.96 USD) must submit invoices to the GST portal within 30 days of issuance. Failure to comply will result in the loss of the right to claim input tax credits on those inv... Read more

The Finance Minister has confirmed that the value-added tax (VAT) in Indonesia will increase from 11% to 12%, effective January 1, 2025. This is part of the Tax Harmonisation Law of 2021, which outlines a two-stage VAT rise. Despite facing public criticism regarding potential price impacts, the Minister defended the necessity of this increase The Finance Minister has officially confirmed that the... Read more