South Africa's e-commerce market is rapidly expanding, with projections indicating it will account for 10% of total retail sales by the end of 2025, driven by over 1 billion transactions each year. As local retailers enhance their online presence and international players enter the market, competition intensifies, prompting e-tailers to innovate continuously. Main trends for 2025 include eco-consc... Read more

On December 31, 2024, the Indonesian Minister of Finance issued Regulation No. 131 of 2024 (PMK-131), which establishes a 12% value-added tax (VAT) effective January 1, 2025, applying to both luxury and non-luxury goods. The regulation outlines the calculation of the tax base, including a transition period allowing for an alternative tax base for deliveries to end consumers until January 31, 2025.... Read more

The Dutch government has announced that administrative fines for non-payment or late payment of VAT on e-commerce transactions will resume on January 1, 2025, following a temporary waiver that began with the implementation of the EU’s 2021 e-commerce VAT reforms. This decision comes after addressing initial compliance challenges and aims to reinforce adherence to the One Stop Shop (OSS) VAT report... Read more

Making Tax Digital (MTD) is a UK government initiative aimed at modernizing the tax system and improving compliance by requiring businesses to maintain digital records and submit tax returns electronically. Effective from April 2022, MTD is mandatory for all VAT-registered businesses, with limited exemptions available. Making Tax Digital (MTD) is a UK government initiative designed to modernize th... Read more

On December 25, 2024, China’s Standing Committee of the National People’s Congress passed a comprehensive Value Added Tax (VAT) law, which will take effect on January 1, 2026. This legislation aims to modernize and unify the VAT system, aligning it with international standards while maintaining the existing rate structure. The new law clarifies taxable transactions, updates exemptions, and establi... Read more

The Bureau of Internal Revenue (BIR) in the Philippines has resumed its electronic invoicing project, initially targeting the top 100 taxpayers. Companies are advised to prepare their systems for this transition to avoid penalties. The new Electronic Invoicing System (EIS) will streamline tax reporting by allowing vendors to send and store sales data through electronic invoices, with specific taxp... Read more

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