South Africa’s 2025 draft TLAB and TALAB propose major VAT reforms to modernise the system and close compliance gaps. Key changes include extending intermediary rules to local suppliers, zero-rating silver exports and clinical trial services, exempting all basic education supplies (forcing some schools to deregister), removing low-value import thresholds, and tightening VAT registration with site... Read more

Malaysia's tax authority has introduced new tax measures and compliance requirements for 2025, including mandatory e-invoicing for taxpayers with annual income between 5 and 25 million ringgits, increased support for MSMEs, and a new tax handling branch. On August 22, the Malaysian Tax Authority published e-Bulletin No. 4/2025, which detailed a number of new tax laws and compliance standards for 2... Read more

Between May and July 2025, Indonesia introduced major reforms to strengthen e-commerce and digital tax collection. PERPRES-68/2025 creates a state-backed system to collect VAT on overseas digital sales, PMK-37/2025 appoints qualifying domestic and foreign platforms (PPMSE) as Article 22 income tax collectors with a 0.5% withholding on sellers’ revenue, and PER-12/2025 tightens VAT reporting and re... Read more

Colombia's Ministry of Finance proposes tax reforms for 2026 budget, aiming to raise COP 26.3 trillion, including reduced VAT rates for hybrid vehicles, increased financial sector surcharges, and reduced personal income tax. On September 1, 2025, Colombia’s Ministry of Finance submitted a tax reform bill to Congress for the 2026 budget, aiming to raise COP 26.3 trillion. The bill reforms VAT... Read more

China's State Tax Administration and Ministry of Finance have revised the VAT credit rebate policy to boost fiscal revenue. The policy now allows full refunds for four key industries: manufacturing, scientific research and technical services, software and IT services, and ecological protection and environmental management. Other sectors, including real estate, face partial refunds, requiring busin... Read more

In Québec, all receipts are treated as invoices and must be issued through certified sales recording systems (SRS), with data transmitted in real time to Revenu Québec via WEB-SRM. Required customer documents include invoices, credit notes, and reprints, while quotes and temporary bills are optional. Receipts must be in French only and contain detailed business, tax, and transaction data along wit... Read more

Brazil has approved a sweeping consumption tax reform, replacing its fragmented system of ISS, ICMS, PIS, and Cofins with a dual-VAT model: the IBS (subnational) and the CBS (federal). Enacted through Constitutional Amendment 132/2023 and Supplementary Law 214/2025, the reform will be phased in from 2026 to 2032. It also introduces a federally managed unified electronic invoice, replacing multiple... Read more