Malaysia: Public Ruling on Change ofAccounting Period Updated The Inland Revenue Board of Malaysia published Public Ruling No. 4/2025, outlining requirements for companies and limited liability partnerships to notify the Director General of Inland Revenue about a change in their accounting period. Key updates include an exemption from submitting the Estimate of Tax Payable Form […]
Slovak Republic Approves Mandatory E-Invoicing andE-Reporting The Slovak Parliament approved a draft law on December 9, 2025, introducing mandatory electronic invoicing and digital data reporting (e-invoicing and e-reporting) to combat tax evasion and transpose the EU’s ViDA Directive. The mandate will be phased in: from January 1, 2027, it will be mandatory for domestic supplies
Singapore Updates GST Guidance on PurchasingRemote Services from Overseas Providers The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on Purchasing Remote Services from Overseas Service Providers. The update consolidates information on the GST (Goods and Services Tax) treatment for remote services, which includes both digital and non-digital services, and introduces new clarity
UAE: New Penalties for E-Invoicing System Violations Cabinet Decision No. 106 of 2025 Sets Administrative Penalties for Electronic Invoicing System Breaches The Cabinet has issued Decision No. 106 of 2025 concerning the violations and administrative penalties resulting from the breach of legislation regulating the Electronic Invoicing System12. The provisions of this decision apply to violations
E-Invoicing Decision from Portugal’s 2026 BudgetProposal:PDF Invoices Valid Until End of 2026 The 2026 State Budget Bill (Proposta de Lei n.º 37/XVII/1.ª), presented by the Portuguese Government, includes a transitional measure for taxpayers. According to Article 80 of the proposal, invoices issued in PDF format will continue to be legally accepted as an electronic invoice
France Advances E-Invoicing Reform:New Version of B2B/B2G External Specificationsand Three AFNOR Standards Published The French Tax Administration (DGFiP) is accelerating preparations for the mandatory B2B (business-to-business) e-invoicing and e-reporting system by publishing new versions of the B2B external specifications on its official portal (impots.gouv.fr). These updates are critical for clarifying the technical framework underlying the
Oman Takes Additional Steps TowardEstablishing E-Invoicing System; PilotScheduled for August 2026 The Sultanate of Oman is moving forward with the establishment of its electronic invoicing system, designed to modernize tax compliance and support the digital transformation of the Omani economy. The system will utilize the 5-Corner Model, an internationally recognized structure for secure and standardized
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
