The Minister for Enterprise, Tourism and Employment has announced the commencement of Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024, which changes the audit exemption regime for small and micro-sized companies. This prevents automatic loss of audit exemption on the first occasion of late filing. The Minister for Enterprise, Tourism and Employmen... Read more

In July 2025, Singapore introduced Advanced Ordering and the SG BIS Order Balance specification to enhance its InvoiceNow e-invoicing network. These upgrades support the full order lifecycle—including order creation, changes, and cancellations—and aim to automate procurement processes for both public and private sectors. Sellers benefit from automated order handling and invoicing, while buyers, es... Read more

To transfer a VAT registration number to a company changing ownership, you must complete an application for VAT registration and submit the VAT68 form to HMRC. A transfer of a VAT registration number may be requested if you are: changing the status of your business (from sole proprietor to limited company, for example) and wanting to use the previous owner's VAT registration number By comple... Read more

The UAE Federal Tax Authority (FTA) is set to implement an E-Invoicing System starting July 2026, aiming to simplify, standardize, and automate invoicing for real-time invoice exchange and seamless tax reporting. E-Invoicing involves structured invoice data exchanged between buyers and sellers, reported to the FTA per regulatory requirements. The system aims to reduce human effort, efficiency, and... Read more

Saudi Arabia is mandating e-invoicing to replace paper invoices, ensuring compliance with Zakat, Tax, and Customs Authority (ZATCA) regulations. The system requires businesses to create and store electronic invoices, and connect to ZATCA for real-time validation. Benefits include tax compliance, cost savings, faster payments, accuracy, and security. Saudi Arabia mandates e-invoicing to replace pap... Read more

Chile mandated e-invoicing in 2001, requiring all companies to issue Electronic Tax Documents (DTEs) via the Servicio de Impuestos Internos (SII). The SII oversees the e-invoicing system, requiring real-time validation. DTEs cover various transactions, including invoices, non-taxable/exempt invoices, purchase invoices, invoice settlements, debit notes, credit notes, dispatch advice, export invoice... Read more

Malaysia’s mandatory e-Invoicing starts in August 2024, with full coverage by July 2025, to enhance tax compliance, reduce fraud, and enable real-time reporting. Businesses must submit e-invoices via MyInvois, use digital certificates, ensure system compatibility, and archive records for seven years. Peppol PINT Malaysia applies for cross-border transactions. Validated e-invoices include a QR code... Read more