VATupdate

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Upcoming regulatory changes in Germany

As of January 1, 2025, Germany will reduce the retention period for invoices from ten years to eight years, following the amendments in the Fourth Bureaucracy Reduction Act and the Annual Tax Act 2024. Small businesses...

Russia Continues Zero VAT Rate for Hotel Services

The Uruguayan General Directorate of Taxation announced a Dec. 31 deadline for VAT payers to adopt the e-invoicing system Starting Jan. 1, 2025, all VAT payers must use electronic invoicing upon registration, resuming...

Chile E-invoicing & Digital Reporting Guide

Mandatory E-Invoicing: E-invoicing is mandatory for B2B, B2G, and B2C transactions in Chile, covering all taxpayers except those under simplified registration regimes or in areas lacking mobile/data connectivity...

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