China introduced new VAT rules for the gold market from 1 November 2025 to 31 December 2027. Gold traded directly on the Shanghai Gold Exchange remains VAT-exempt, but when physical gold is withdrawn, treatment now differs: investment gold keeps the 13% VAT on value-added, while jewellery production can only deduct 6% instead of 13%. This raises jewellery manufacturing and retail costs, likely sof... Read more

The Ghana Revenue Authority (GRA) is piloting an online revenue system to tax digital and e-commerce businesses, enhancing tax compliance. This effort accompanies a new Modified Taxation Scheme (MTS) for informal sector businesses, simplifying tax procedures. These initiatives aim to modernize Ghana's tax system and improve revenue mobilisation. The Ghana Revenue Authority (GRA) has begun piloting... Read more

In Mexico, the tax regime governs how individuals and companies must manage taxes and issue CFDIs. Read more

Slovenia mandates electronic invoicing for B2B transactions starting January 2028, encouraging businesses to prepare through pilot projects and process alignment. The decentralized model, requiring structured XML formats, aims to streamline operations, enhance VAT compliance, and reduce manual workload. Slovenia is preparing for a major digital transformation in business transactions, announcing t... Read more

The planned VAT increase from 9% to 21% for accommodation, culture, media, and sports has been partially reversed. From 1 January 2026, the 9% VAT rate will remain for culture, media, and sports, while accommodation will move to the 21% standard rate. This change protects cultural and sports sectors from higher costs, while the accommodation sector is expected to face increased prices. However, in... Read more

The CREATE MORE law allows export-oriented enterprises (EOEs) to enjoy VAT zero-rating on local purchases and VAT exemption on importations even without registration for other tax incentives, provided they meet the 70% export sales threshold from the previous year. The goods or services purchased must be directly necessary for export activities, and a wide range of services can qualify. If the ent... Read more

In Hungary, free product transfers can create significant VAT implications for retailers. While small-value gifts under HUF 5,000 allow VAT deductions, strict record-keeping is essential. Read more

In Mexico, taxpayers must issue Digital Tax Receipts (CFDI) for all transactions. Key CFDI types include Income, Expenditure, Transfer, Payroll, Payment, and Withholding. Compliance ensures transparent accounting, legal adherence, and supports financial reporting, ultimately fostering trust with customers and the SAT for retailers. In Mexico, issuing Digital Tax Receipts (CFDI) is mandatory for al... Read more

The Danish Business Authority released OIOUBL 2.1 schematron version 1.16.0, enhancing e-invoice data quality with CO2 data checks and stricter currency code controls. Implementation is required by November 27, 2025. The Danish Business Authority has released version 1.16.0 of the OIOUBL 2.1 schematron as a final version. The update is minor and focuses on improving data quality in e-invoices. Th... Read more

The UAE's Cabinet Decision No. 129 of 2025 shifts to a compliance-focused tax penalty model, effective April 2026. Key changes include replacing punitive late payment penalties with a 14% annual non-compounding rate, reducing fixed penalties on FTA-discovered errors to 15%, and modifying voluntary disclosures to 1% monthly. Businesses must reassess tax strategies accordingly. UAE introduces pro-ta... Read more

Under Slovak law, entrepreneurs using e-kasa must notify the Financial Directorate before issuing their first VAT receipt if they become VAT payers due to exceeding turnover thresholds or voluntary registration. This ensures correct VAT details on receipts and applies primarily when transitioning from non-VAT to VAT payer status. Under Slovak legislation, entrepreneurs who use the e-kasa client sy... Read more

Starting November 1, 2028, Ireland mandates electronic invoicing for B2B transactions to enhance VAT compliance. Beginning on November 1, 2028, Ireland intends to impose a mandatory electronic invoicing system for business-to-business (B2B) transactions. As part of larger initiatives to modernize VAT compliance, Ireland is now the most recent EU member state to implement e-invoicing. Under the ne... Read more

The Danish Tax Council has classified Christmas calendars involving discounts and prize draws as a single, composite service exempt from VAT, treating them as lotteries. Read more

The Tax Authority of the Republic of Srpska has issued the Amended Regulation on Fiscal Receipts, published in the "Official Gazette" and effective from November 12, 2025. Read more

The Revenue Administration (GİB) will implement an updated e-Fatura Package on December 1, 2025, enhancing technical rules, code lists, and integration forms. Read more

Mandatory e-invoicing is required only when a VAT invoice is legally necessary. Read more