In October 2024, the President signed Senate Bill 2528, which introduces a 12% value-added tax (VAT) on non-resident digital service providers (DSPs) in the Philippines, effective by June 2025. The Bureau of Internal Revenue (BIR) stated that non-resident DSPs will not need local tax representatives for VAT compliance but can appoint a local third-party service provider for administrative tasks. T... Read more

The South African National Treasury released the draft Taxation Laws Amendment Bill (B16-2024) on October 30, 2024, proposing significant changes to various tax laws. Following the release, a public comment period will allow stakeholders to provide feedback on the proposed amendments. The National Treasury will consider these comments and may revise the draft before it is formally introduced in Pa... Read more

New Zealand is rolling out the PINT A-NZ specification for e-invoicing, which replaced the ANZ Peppol BIS 3.0 specification from September 15, 2024. This new format will be mandatory for business-to-government (B2G) transactions starting May 15, 2025; until then, the standard Peppol BIS 3.0 invoice format remains optional. New Zealand has begun the phased rollout of the PINT A-NZ specification for... Read more

Starting in 2025, several significant changes to Value Added Tax (VAT) regulations will be implemented, including extended deadlines for tax base corrections, new VAT registration limits, simplified procedures for bad debts, and adjustments related to real estate transactions. The changes are as following: Corrections to the Tax Base: The period for correcting the tax base will extend from 3 ye... Read more

Starting December 1, 2024, China will implement digital travel receipts for air passengers through the new “Electronic Flight Receipt” (EFR) system, as announced by the Civil Aviation Administration. This system will replace traditional paper itineraries, allowing travellers to access electronic receipts for up to 180 days after their flights via airline websites or mobile apps. Businesses will be... Read more

On November 14, 2024, Indonesia’s Finance Minister announced that the new 12% value-added tax (VAT) will be implemented starting January 1 2025, in accordance with the 2021 taxation law. Despite calls for a delay, the Minister stated that current budget and fiscal conditions do not permit a postponement. She emphasized the need to increase state revenue to support post-pandemic economic recovery a... Read more

The Bureau of Internal Revenue (BIR) in the Philippines has proposed a regulation to impose a 12% Value Added Tax (VAT) on digital services, in accordance with Republic Act No. 12023. This regulation allows the BIR to issue closure orders against digital service providers (DSPs) that fail to register or comply with the VAT law. The Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) will enforce these orders. Read more