Turkey Updates E-Invoice System:New Exemption Code Added Turkey’s Revenue Administration announced the addition of a new exemption code to the e-Invoice system. In an announcement made on September 12, 2025, it was stated that new code 344 has been added to the “Exception Invoice Type” and the e-Invoice Package and UBL-TR Guide have been updated […]
Malaysia Records Tax Audit Success:16.95 Billion Ringgit Additional Tax Collected Malaysia’s Inland Revenue Board (HASiL) announced the collection of 16.95 billion Ringgit in additional taxes following comprehensive tax risk analysis conducted from January 1, 2024 to August 31, 2025. The announcement made on September 12, 2025, revealed tax non-compliance detected in 1,033 companies and 321
Japan Updates E-Invoice System:PINT v1.1.1 Now in Effect Japan’s Peppol authority has updated its e-invoicing system to align with PINT v1.1.1 specifications. The new version, effective from May 28, 2025, affects all Peppol network users in the country. Japan’s Peppol authority has implemented significant updates to its e-invoicing system to align with the international PINT
Turkey Updates E-Invoice System:Takes Effect October 2025 Turkey has updated its e-Invoice package and UBL-TR code lists guide. The new package and guide announced on September 5, 2025, will take effect from October 1, 2025. A significant update has been implemented in Turkey’s electronic invoicing infrastructure. In an announcement made by the Revenue Administration on
Germany Releases New E-Invoicing Guide:UStG and EN16931 Mapping Table German federal authorities have published a new mapping table that aligns the Value Added Tax Act (UStG) requirements with the European invoice standard EN16931. The guide, prepared in collaboration with the Forum for Electronic Invoicing Germany (FeRD) and the German Association for Economic Administration, aims to
Denmark Advances Accounting Digitalization:CommonStandard Chart of Accounts and SAF-T File Format Denmark’s Business Authority and Tax Agency have developed two new standards to facilitate companies’ sharing of accounting data. The common public standard chart of accounts and SAF-T file format aim to simplify data sharing while reducing error sources. Significant steps are being taken in
Canary Islands Implements Major IGIC RegistryChanges: Effective October 2025 The Canary Islands Government Ministry of Finance and EU Relations has published significant modifications to the electronic maintenance of General Indirect Tax (IGIC) registry books. The mandatory changes announced on February 19, 2024, will take effect on October 1, 2025. The Canary Islands is implementing fundamental
Chile Introduces New Requirementsfor Business-to-ConsumerInvoices: Effective September 2025 Chile’s Internal Revenue Service (SII) has published a technical change requiring additional recipient and payment information for business-to-consumer (B2C) electronic invoices (boletas). The regulation announced on December 31, 2024, will take effect no earlier than September 2025. A new regulation covering business-to-consumer relationships is coming into effect
Bulgaria Introduces SAF-T Reporting:Mandatory for Large Companies from 2026 Bulgaria’s National Revenue Agency (NRA) is implementing Standard Audit File for Tax (SAF-T) reporting under the EU-funded REFORM/SC2022/050 project. The system will become mandatory for large enterprises from January 1, 2026, with a five-year phased rollout. A critical step has been taken in Bulgaria’s digital transformation
Greece Mandates Digital Stock Movement Monitoring The Hellenic Independent Authority for Public Revenue (IAPR) has published new regulations making digital monitoring of stock movements mandatory. The system will be implemented in phases starting June 2, 2025, operating through the myDATA platform. Non-compliance penalties are EUR 1,000 per tax audit. Greece is undergoing a fundamental change
