The BIR has extended the e-invoicing deadline from March 14, 2026 to December 31, 2026 under RR No. 026-2025. The rule applies to e-commerce businesses, large taxpayers, and users of CAS/CBA systems. By the new date, taxpayers must issue e-invoices in XML, JSON, or other BIR-approved formats via accredited systems. Sales data reporting will start once the BIR’s central system becomes operational... Read more

Colombia's tax agency proposed a 1.5% withholding tax on electronic payments, exempting credit/debit transactions and certain natural persons. Decree 1,066 enables information sharing for determining tax obligations. A statement outlining plans to implement a new withholding tax on specific electronic payments was released by Colombia's tax agency. Recently, a draft regulation was made available... Read more

Saudi businesses now face intensified scrutiny from ZATCA regarding VAT, corporate tax, and zakat filings due to evolving tax frameworks in the Gulf. Audits are risk-driven, focusing on discrepancies and unusual patterns. ZATCA reviews comprehensive financial records and mandates adherence to specific documentation. Audit types include desk, field, and electronic audits. Penalties for non-complian... Read more

China has completed a decades-long shift to a unified VAT system, replacing the former Business Tax (BT). Following OECD recommendations, reforms from 2012–2016 integrated services into VAT, culminating in the VAT Law, passed in 2024 and effective January 1, 2026. The law introduces three VAT rates (13%, 9%, 6%), backed by new implementation rules, the Golden Tax Phase IV system, and nationwide e-... Read more

Article 52 mandates e-commerce platforms establish accessible complaint systems for users, ensuring timely, fair processing based on evidence. Owners must inform complainants of decisions and resolution options. Disputes must follow published contract terms and relevant laws, utilizing negotiation or mediation methods. The Law on E-Commerce (the "Draft Law"), which is anticipated to be presented t... Read more

Understanding FTA audits is critical for UAE businesses to ensure compliance with VAT, corporate tax, and zakat regulations. Audits trigger from discrepancies in filings, profit fluctuations, unusual refund claims, and more. Legal frameworks grant FTA broad audit powers, with timelines for assessments typically being up to five years. Businesses must maintain extensive records, retain documents fo... Read more