January 2027 proposed introduction of Goods and Services Tax A plan for the launch of 5% GST to Guernsey and Alderney in 2027 are to be developed following the November 2024 rejection of imposing an income tax rise are rejected. The islands Policy and Resources
E-invoicing 30-day reporting threshold cut April 2025 India’s GST Council, which overseas the national e-invoicing regime, is cutting the threshold on the 30-day reporting requirement to its portal, the Invoice Registration Portal (IRP). From 1 April 2025, any business subject to Indian e-invoicing with a
Malaysian Ministry of Finance 2025 Budget Proposal On October 18, 2024, the Malaysian Ministry of Finance presented its 2025 Budget Speech, introducing several notable changes to the country’s tax regime aimed at broadening the tax base and enhancing revenue collection. These proposals reflect Malaysia’s ongoing
2025 Budget unlikely to announce reimplementing GST to replace Sales and Services Taxes Rumours of an announcement at this week’s 2025 Budget of the reintroduction of Goods and Services Tax have been played down by prime minister Datuk Seri Anwar Ibrahim. He said on 13
Calls for major reforms: Rate rationalisation; dispute resolution; input tax credits India’s Goods and Services Tax is up for reform.GST was implemented in July 2017, and gave the country’s internal market a major boost be simplifying internal trade by removing complex and overlapping multitude of
Oct 2024 VAT rise postponed again; Oct 2025 potential next date The Thai cabinet on 17 September 2024 confirmed that the scheduled rise in VAT from 7% to 10% will not go ahead on 1 October 2024. VAT was cut from 10% to 7% in
Goods and Services Tax evasion balloons despite success of e-invoicing In the fiscal year 2023-24, Goods and Services Tax (GST) evasion in India escalated significantly, reaching a staggering ₹2.01 lakh crore, as per data released by the Directorate General of GST Intelligence (DGGI). This marks
Talks begin September on consolidating 12% & 5% Goods and Services Tax rates Following the ruling BJP party failing to secure a majority in this months national general election, India’s GST Committee is to revisit the consolidation of the country’s five rates to four (inc
