Starting January 1, 2025, the Netherlands will resume payment default fines for VAT e-commerce, following the resolution of initial compliance issues within the Member State of Consumption (MSCON) process. The recent announcement by the State Secretary outlines significant changes regarding VAT e-commerce regulations in the Netherlands, effective January 1, 2025. After a temporary waiver, payment... Read more

During its 55th meeting on December 21, 2024, the GST Council clarified that transactions involving vouchers will not be classified as supplies of goods or services, thus exempting them from GST. This decision aims to resolve ongoing disputes regarding the taxation of gift vouchers, following previous confusion stemming from a ruling by the Karnataka Authority for Advance Rulings. The ruling is ex... Read more

On December 25, 2024, China's Standing Committee of the 14th National People’s Congress passed the Value-Added Tax (VAT) Law, set to take effect on January 1, 2026. This marks a significant milestone in China's fiscal policy evolution, reinforcing the principle of statutory taxation while addressing the complex needs of businesses and consumers alike. The Importance of VAT in China VAT stands as... Read more

The State Taxation Administration (STA) of China has officially implemented digital electronic invoices nationwide as of December 2024, concluding the pilot phase. This initiative allows digital invoices to hold the same legal status as traditional paper invoices, enhancing operational efficiency and reducing administrative burdens for taxpayers. To facilitate this transition, the STA will establi... Read more

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