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.
The law replaced the requirement to use tax invoices with a requirement to provide and keep taxable supply information records, such as purchase orders, ledgers, bank statements, and supplier agreements.
e‑invoicing information is exchanged through the Peppol network using the software business specifications for e‑invoicing.
Sending e‑invoices helps the processing and payment of invoices to run more securely and smoothly, improving efficiency and reducing manual entry.
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Avalara · about 2 hours 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.
Bloomberg Tax · 1 day ago
The South Korean National Tax Service released a press statement outlining new VAT filing and payment deadlines. The main deadlines are Jan. 26 for filing and paying returns for the July–December 2025 period, and March 26 for an extended payment deadline for certain SMEs. Simplified taxpayers and businesses facing financial difficulties also receive automatic or optional extensions.
RTCSuite · 1 day ago
Malaysia has postponed the rollout of its MyInvois e‑invoicing system for businesses with annual turnover between RM1 million and RM5 million, moving the implementation date to 2027. The change reflects a shift in the national e‑invoicing roadmap and raises the threshold for mandatory e‑invoicing. Businesses in this turnover bracket must prepare to comply by 2027.
China Daily · 1 day ago
China will scrap value‑added tax rebates on photovoltaic products from April 2026, ending the export rebate for PV modules. Between April and December 2026, battery product rebates will be cut from 9% to 6%, and the full removal of PV rebates will take effect on 1 January 2027. The policy shift follows a November 2024 reduction of solar wafer, cell and module rebates from 13% to 9%.
FinancialContent · 2 days ago
China’s Ministry of Finance and State Taxation Administration announced a phased rollback of the 13% export VAT rebate for lithium‑ion batteries, cutting it to 6% on April 1 2026 and abolishing it by January 1 2027. The move has spurred a sharp rise in lithium prices and a front‑loading of exports, reshaping the global battery supply chain and leveling the playing field for non‑Chinese manufacturers.
LinkedIn Article by Darda Advisors LLP · 2 days ago
The Supreme Court of India clarified that a 'part' of machinery must functionally participate in the machine’s operation, while structures that merely support do not qualify. It reaffirmed that tariff classification is a rule‑based exercise grounded in the Customs Tariff and HSN, and that end‑use is not determinative unless the tariff allows it. The ruling also confirmed that HSN explanatory notes carry binding interpretive value.
