New Zealand: The government plans to mandate e-invoicing for large businesses supplying government agencies from 1 January 2027, aiming to cut costs and improve cash flow. The initiative is expected to generate up to NZ$800 million in annual savings by streamlining invoice processing and reducing administrative work.
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Bloomberg Tax · 3 months ago
New Zealand’s Goods and Services Tax (GST) is highlighted as a model consumption tax, featuring a single 15% rate, minimal exemptions, and a broad base that yields a stable revenue stream. The system’s simplicity reduces compliance burdens and has been praised for its efficiency and neutrality. Key innovations include zero‑rating business‑to‑business financial services and excluding most crypto assets from GST.
Avalara · 6 months ago
New Zealand GST invoices must be issued within 27 days of the supply and retained for at least seven years. They must contain specific details such as supplier and customer information, invoice date, description, taxable amount, GST, and gross amount. Invoices below NZD 1,000 may omit customer details and detailed GST calculations, and no tax invoice is required for supplies of NZD 50 or less.
New Zealand Inland Revenue · 6 months ago
New Zealand’s Inland Revenue explains how e‑invoicing works, the benefits, and the changes to GST record‑keeping that took effect on 1 April 2023. The guidance notes that e‑invoices are exchanged via the Peppol network and that suppliers are encouraged to send them instead of PDFs.
Comarch · about 15 hours ago
Thailand's Cabinet approval of the OECD-led Global Minimum Tax exchange signals a shift toward mandatory e-invoicing. The move will require businesses to adopt the ETDA Standard 3-2560 XML schema and meet a 15-day transmission rule. The policy also offers a 200% double-tax deduction and a 1% electronic withholding tax rate until December 2027.
Manila Times · 1 day ago
Philippines: The Supreme Court has upheld the constitutionality of the VAT refund law for foreign tourists, confirming that the incentive is a valid policy measure to promote tourism. The law allows non-resident foreign tourists to claim VAT refunds on purchases of at least P3,000 per transaction from accredited retailers, provided the goods are taken out of the Philippines within 60 days of purchase.
Deloitte · 1 day ago
Philippines' VAT refund rules have evolved significantly since 1987, with recent changes under the Create More Act affecting zero-rated taxpayers. The Supreme Court clarified processing periods and documentation requirements in December 2025, tightening the 90+30 day rule.
Key Takeaways
From 1 January 2027, large businesses supplying government agencies must send eInvoices.
From 1 January 2027, subcontractors on contracts with large businesses must receive payment terms no less favourable than those offered to the larger companies.
New Zealand government agencies aim to pay 95% of invoices within 10 working days.
Primary source
Read the full article at DevDiscourseThis summary was published on VATfaqs.com on 8 July 2026. It relates to VAT developments in New Zealand. The original source is DevDiscourse.
