Fiscal subject related
General information
To enhance the travel experience, China will introduce digital travel receipts for air passengers starting December 1, 2024, as announced by the Civil Aviation Administration of China. The new “Electronic Flight Receipt” (EFR) system will replace traditional paper itineraries, allowing travellers to access their electronic receipts for up to 180 days after their journeys via airline websites, mobile apps, or customer service hotlines.
This transition aims to simplify travel logistics and financial processes by enabling passengers to easily download or print receipts from their devices, thus avoiding long waits for paper receipts and reducing the risk of losing important documents. For businesses, the EFR system will streamline accounting tasks and improve efficiency in managing VAT deductions and expense reimbursements.
During a transition period from December 1 to September 30, 2025, both electronic and paper receipts will be available to accommodate users. After this period, only electronic receipts will be issued. This initiative is part of a broader digital transformation in China’s transportation sector, which includes similar advancements in the railway system.
Other news from Other countries
Vietnam’s Guidelines for Dispute Resolution in E-Commerce (Expected)
Other countries
Author: Ema Stamenković
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
Handling FTA Audits in the UAE
Other countries
Author: Ema Stamenković
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
Tax Compliance and Audits in Saudi Arabia
Other countries
Author: Ema Stamenković
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 finalizes unified VAT system — new 2026 law modernizes tax framework
Other countries
Author: Ljubica Blagojević
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
South Africa: SARS Drafts E-Invoice Laws, Prepares for Mandatory Real-Time Reporting
Other countries
Author: Ljubica Blagojević
On 16 August 2025, South Africa’s Ministry of Finance and SARS published the Draft 2025 Tax Laws Amendment Bill, introducing definitions of electronic invoice, electronic report, and an interoperability framework for secure real-time tax data exchange. A final bill is expected in 2026, with SARS also exploring a Continuous Transaction Control (CTC) model. E-invoicing is currently voluntary but subject to detailed requirements since December 2021. The move signals a shift toward mandatory e-invoicing, aligning with global trends. Businesses should prepare early by upgrading ERP systems, ensuring data quality, and partnering with certified providers to gain efficiency and avoid compliance risks. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginReminder: Singapore’s Mandatory E-Invoicing for GST Registrants Starts November 2025
Other countries
Author: Ljubica Blagojević
Singapore’s InvoiceNow, a Peppol-based e-invoicing framework, enables structured invoice exchange and real-time reporting to IRAS, improving compliance, efficiency, and payment cycles. The rollout starts 1 May 2025 (voluntary), becomes mandatory for new voluntary GST registrants from 1 Nov 2025, and for all voluntary registrants from 1 Apr 2026, with later expansion to all GST-registered businesse... Read more
Philippines Input VAT: Strict Transactional Rules
Other countries
Author: Ljubica Blagojević
In the Philippines, each VATable sale must have a seller-issued VAT invoice or official receipt, and the BIR prohibits combining small purchases into one document to claim input VAT. Only valid receipts from VAT-registered sellers are acceptable, with buyer details required for transactions of ₱1,000 (approx. €15.50–€16.00), or more. Internal vouchers or consolidated receipts are not valid substi... Read more