OECD Economic Outlook Report Released:Global Economy Proves Resilient But Fragile The Organisation for Economic Co-operation and Development (OECD) has announced the release of its latest report, “OECD Economic Outlook, Volume 2025 Issue 2.” The report finds that the global economy has been resilient this year, but underlying fragilities persist. The OECD projects global growth to […]
Irish Revenue Issues New Guidance onTerritorial Scope of VAT Groups Irish Revenue has published eBrief No. 216/25, introducing new and updated guidance on the territorial scope of VAT Groups. The guidance clarifies which entities can be included in an Irish VAT group, particularly in light of recent Court of Justice of the European Union (CJEU)
Mexico Publishes Updated List of RegisteredNon-Resident Digital Service Providers The Mexican Tax Administration (SAT) has issued Official Letter No. 700-04-00-00-00-2025-089, published in the Official Gazette on November 21, 2025, which contains an updated list of non-resident digital service providers that have complied with Mexico’s registration requirements. These requirements, generally applicable since June 1, 2020, mandate
Belgium Announces Three-Month Grace Period forUpcoming E-Invoicing Implementation FPS Finance (Federal Public Service Finance) in Belgium has announced a three-month grace period beginning in early 2026 for Belgian taxpayers, acknowledging the significant operational challenges posed by the new e-invoicing requirements. During this transitional phase, companies that struggle to meet all obligations despite their best efforts
Chile: New Tax Compliance Obligations for DigitalPlatform Operators and Payment Providers The Chilean Tax Authority (Servicio de Impuestos Internos – SII) has issued Resolution No. 168 of 27 November 2025, introducing detailed requirements for verifying and reporting the tax compliance status of users of electronic payment providers and digital intermediation platforms that connect buyers and
United Arab Emirates: VAT Law Amendments toTake Effect from January 2026 The UAE Ministry of Finance has announced the issuance of Federal Decree-Law No. (16) of 2025 amending certain provisions of Federal Decree-Law No. (8) of 2017 on Value Added Tax. The amended provisions will enter into force on 1 January 2026 and form part
Spain’s VERI*FACTU postponed until 2027 The new timetable:1 Jan 2027 – businesses subject to corporate income tax1 July 2027 – all other taxpayers Official BOE announcement on the VERI*FACTU postponement
European Union: European Commission LaunchesReview of the E-Invoicing Directive and InvitesStakeholders to Submit Feedback The European Commission has initiated the process of revising Directive 2014/55/EU, which governs the use of electronic invoices in public procurement. The aim of the revision is to address shortcomings in the current framework and ensure a more uniform and interoperable
Slovenia: Presentation of Upcoming E-InvoiceChanges at the National e-Invoice Forum 14th meeting of the National e-Invoice Forum, members were briefed on the main innovations introduced by the new Act on the Exchange of Electronic Invoices and Other Electronic Documents (ZIERDED). The legislation will make the electronic exchange of invoices mandatory for all companies in Slovenia
United Arab Emirates: Amendments to the TaxProcedures Law to Take Effect in Early 2026 The UAE Ministry of Finance has issued Federal Decree-Law No. (17) of 2025 amending certain provisions of Federal Decree-Law No. (28) of 2022 on Tax Procedures. The amendments aim to enhance the efficiency of the tax system and strengthen transparency and
