Fiscalization has transformed from a compliance tool reliant on hardware to dynamic, software-driven platforms linking businesses and tax authorities. The webinar was presented by Dušan Bučevac, Sales Manager at Fiscal Solutions, who covered crucial fiscalization milestones and explained how real-time data has reshaped compliance, transparency, and business decision-making. Read more

E-invoicing requires businesses to create, exchange, and store invoices electronically per VAT regulations. Platforms like Fatoora, overseen by ZATCA, enforce compliance, making paper invoices invalid. Processes include real-time clearance for B2B/B2G and near-real-time reporting for B2C. B2B requires standard invoices cleared by ZATCA for VAT claims; non-compliance means lost VAT deductions. B2C... Read more

The Council of Ministers approved amendments to the GCC Unified VAT Agreement, enhancing cross-border VAT administration and allowing member states flexibility in setting VAT rates, while improving tax capture and cooperation. The Council of Ministers has approved amendments to the GCC Unified VAT Agreement, which originally established harmonized VAT in the region (Saudi Arabia introduced VAT at... Read more

ZATCA's Twenty-Fourth Wave of E-invoicing Integration Phase targets taxpayers with VAT revenues over SAR 375,000, requiring integration by 30 June 2026 for compliance and digital transformation. The Zakat, Tax and Customs Authority (ZATCA) announced that the Twenty-Fourth Wave of the E-invoicing Integration Phase targets all taxpayers whose VAT-subject revenues exceeded SAR 375,000 during 2022, 20... Read more

Non-resident businesses in Saudi Arabia must submit VAT refund applications by June 30, 2026, meeting specific eligibility criteria and following ZATCA’s guidelines. Non-resident businesses that incurred VAT in Saudi Arabia (KSA) during 2025 must review their eligibility and submit refund applications to ZATCA by June 30, 2026. To qualify, the non-resident must: Have no local establishment in... Read more

South Africa is moving toward mandatory e-invoicing and near-real-time VAT reporting, but the system is not mandatory yet. Current invoicing rules still follow the VAT Act 89 of 1991, while the planned reform will introduce structured XML invoices, likely Peppol-based, exchanged through accredited service providers and reported to the SARS Central Tax Hub. Large VAT-registered businesses and prior... Read more

The BIR (Bureau of Internal Revenue) clarified that digital services consumed in the Philippines are generally subject to 12% VAT, including services supplied by nonresident providers. NRDSPs must register and file VAT returns, while Philippine business buyers must withhold and remit VAT under the reverse charge mechanism in B2B cases. The circular confirms that nonresident digital service provide... Read more