Fiscal subject related
India's GST Council is reducing the reporting threshold for e-invoicing to the Invoice Registration Portal (IRP), effective April 1, 2025. From this date, any business with an annual turnover exceeding ₹10 lakh (approximately 11,859.96 USD) must submit invoices to the GST portal within 30 days of issuance. If businesses fail to meet this deadline, they will lose the right to claim input tax credits on those invoices.
Mandatory B2B e-invoicing was introduced in India starting in October 2020, with the current threshold set at ₹5 crore (around 592,941.16 USD). Businesses are required to submit invoices to the IRP for validation and receive a unique identification code before sending them to customers.
Other news from Other countries
Chile: Mandatory Printed E-Invoices/Receipts for Customers Starting May 2025

Chilean Internal Revenue Service (SII) issued Resolution No. 12, requiring e-invoices and e-receipts to be delivered to customers for cash, bank transfers, debit, or credit cards, with the option to send a virtual presentation. On January 17th, Chile's tax authority, the SII, released Resolution No. 12. This resolution details new rules for businesses when giving customers printed copies of electr... Read more
Malaysia's E-Invoicing Mandate: AI Solutions for Compliance

The Malaysian Inland Revenue Board (IRBM) is implementing new rules that make e-invoicing mandatory in Malaysia, so businesses will need to adopt automated and AI-driven tools to ensure they're following the regulations. The deadline for e-invoicing in Malaysia starts on August 1, 2024, for larger businesses, and full compliance is expected by July 1, 2025. Companies will have to connect with MyIn... Read more
What are the Differences Between Sales Tax and Use Tax in America?

Sales tax is a small fee added to most purchases, collected by the seller and sent to the government to fund public services. Rates vary by state, and some cities add extra on top. Use tax applies when you buy from out of state or online and don’t pay sales tax, then it’s your responsibility to report and pay it to your state. While both taxes serve the same purpose, they apply in different situat... Read more
South Africa: New Security Rules for Online Payments

As e-commerce fraud rises, new security standards (PCI DSS 4.0.1) will take effect in March 2025, requiring online retailers to secure their entire website, strengthen authentication, and monitor third-party scripts and payment pages. Merchants must assess their compliance level, implement necessary security controls, and document efforts to meet the new requirements, with larger businesses facing... Read more
Singapore’s Move Towards E-Invoicing and Digital Tax Reporting

Singapore is introducing mandatory e-invoicing and direct tax data reporting to improve tax compliance, requiring businesses to modernize their accounting systems. A phased rollout begins in May 2025, and companies must adapt to real-time tax reporting to stay compliant and avoid audit risks. Singapore has built a strong digital government system, and businesses are now expected to follow suit wit... Read more
Understanding Sales Taxes in Canada

Canada has a complex sales tax system with different taxes at both federal and provincial levels. Businesses must navigate GST, HST, PST, QST, and RST, depending on their location and sales type. Additionally, digital sales taxes apply to non-resident businesses selling digital goods and services in Canada. Proper registration, tax collection, and compliance are essential to avoid penalties and en... Read more
Malaysia: E-invoicing overview

Malaysia's Inland Revenue Board has revised e-invoicing guidelines, introducing new exemptions and consolidated conditions for self-billed transactions, with provisions set for implementation by July 2025. Malaysia's tax authority, the Inland Revenue Board, has issued some fresh e-invoicing rules. These updates, which came out on January 28, 2025, touch on both the main e-Invoice Guideline (now at... Read more