Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Tripura HC Quashes CGST Order for Reopening Issues Already Examined by State GST Authorities
The Tripura High Court quashed a Central GST (CGST) order that attempted to reopen issues already examined and settled by State GST authorities. The court ruled that reopening matters previously scrutinized by state tax authorities under the GST framework constitutes an overreach and violates principles of finality in tax adjudication. The case highlights the jurisdictional boundaries between central and state GST authorities in India's dual GST structure, reinforcing that matters conclusively examined at one level cannot be arbitrarily revisited by parallel tax authorities, providing important precedent for taxpayers facing duplicate scrutiny under India's GST system.
Pensions and IHT in 2027
This content addresses the upcoming intersection of pensions and Inheritance Tax (IHT) in the UK, focusing on significant changes taking effect in 2027. From April 2027, unused pension funds and death benefits will be brought into the scope of IHT, representing a major shift in estate planning. The article/webinar likely explores the implications for individuals, families, and advisers, covering planning strategies to mitigate the tax burden. This is particularly relevant for high-net-worth individuals who have historically used pensions as an IHT-efficient wealth transfer vehicle.
5 Best France e-Invoicing Providers for B2B Compliance in 2026
This article reviews the top five e-invoicing providers helping businesses achieve B2B compliance with France's upcoming mandatory e-invoicing reform. France is implementing a phased e-invoicing mandate requiring businesses to exchange structured electronic invoices through certified Partner Dematerialization Platforms (PDPs). The piece evaluates leading providers on criteria such as PDP certification status, integration capabilities, compliance coverage, and scalability. It serves as a practical guide for businesses operating in France needing to select a compliant technology partner ahead of the 2026 enforcement deadlines, highlighting key features and differentiators among the available solutions in the market.
Why implement tax in Oracle R12 before moving to Oracle Cloud?
This article explores the strategic rationale for implementing a robust tax configuration in Oracle R12 before migrating to Oracle Cloud. It argues that establishing clean, well-structured indirect tax rules in the legacy system reduces complexity and risk during cloud migration. A properly configured R12 tax setup serves as a foundation that can be mapped or migrated more efficiently to Oracle Cloud's tax engine. The piece highlights how poor legacy tax data and configurations can create costly remediation work post-migration, making pre-migration tax hygiene a business-critical step for finance and tax technology teams.
Oracle Cloud keeps evolving. What does that mean for indirect tax?
This article examines how Oracle Cloud's continuous update cycle impacts indirect tax management for businesses. It discusses the challenges and opportunities that arise when Oracle regularly releases new features affecting tax calculation, reporting, and compliance functionality. The piece considers how tax teams must stay current with platform changes to maintain accurate VAT/GST configurations, avoid compliance gaps, and leverage new capabilities. It highlights the need for collaboration between IT, finance, and tax functions to monitor Oracle Cloud updates and assess their implications for indirect tax processes and regulatory compliance.
UK VAT Consultation 2026: HMRC Proposes Expanding Deemed Supplier Rules for Online Marketplaces
HMRC has launched a consultation proposing to expand deemed supplier VAT rules for online marketplaces in the UK, effective 2026. Currently applied to overseas sellers, the proposed changes would broaden the scope to make platforms liable for collecting and remitting VAT on a wider range of transactions. This aims to close compliance gaps and level the playing field between domestic and foreign retailers. The consultation invites stakeholder feedback on implementation details, potential impacts on marketplace operators, and seller obligations. The move reflects the UK's ongoing effort to modernise VAT collection in the digital economy following post-Brexit regulatory independence.
Slovakia’s mandatory e-invoicing starts in 6 months
Slovakia is set to implement mandatory e-invoicing within six months, marking a significant shift in the country's invoicing and tax reporting requirements. The mandate will require businesses operating in Slovakia to adopt electronic invoicing systems to comply with the new regulatory framework. This move aligns Slovakia with broader European trends toward digitizing tax reporting and improving VAT compliance through real-time or near-real-time transaction data. Businesses will need to prepare their systems and processes ahead of the deadline to ensure compliance with the new e-invoicing obligations, which aim to reduce tax fraud and improve administrative efficiency.
Malaysia Opens E-Invoicing Amnesty Window Until End-2027
Malaysia has introduced an e-invoicing amnesty window running through the end of 2027, providing businesses with relief from penalties during the transition to mandatory e-invoicing compliance. The amnesty period gives taxpayers additional time to align their systems and processes with Malaysia's e-invoicing framework without facing enforcement consequences. This follows Malaysia's phased rollout of its national e-invoicing mandate, which has been progressively expanding to cover more businesses. The window signals regulatory flexibility as the government prioritizes adoption over strict penalization during the implementation phase.
Roadtrip through ECJ Cases – Focus on “Liability to pay VAT – VAT shall be payable by any person who enters the VAT on an invoice” (Art. 203)
This article examines European Court of Justice case law focusing on Article 203 of the EU VAT Directive, which establishes that VAT becomes payable by any person who enters VAT on an invoice, regardless of whether a taxable supply actually occurred. The ECJ roadtrip series analyzes how this liability rule operates in practice, exploring scenarios where incorrectly invoiced VAT creates obligations for the issuer. The piece highlights the strict nature of this provision and its implications for businesses issuing invoices with VAT amounts, even when the underlying transaction may not attract VAT.
81 Country Profiles on E-Invoicing, E-Reporting, E-Transport, SAF-T Mandates, and ViDA Initiatives
This resource compiles detailed profiles for 81 countries covering their e-invoicing, e-reporting, e-transport, SAF-T mandates, and VAT in the Digital Age (ViDA) initiatives. The compilation serves as a reference guide for businesses and tax professionals navigating the rapidly evolving global landscape of digital tax compliance obligations. Each profile outlines country-specific regulatory requirements, implementation timelines, and technical standards. The resource is particularly valuable for multinational organizations managing cross-border compliance across jurisdictions with varying levels of digital reporting maturity.
Comments on T-356/25 (Rapera) – Tax Representatives’ Direct VAT Liability Confirmed; Joint Liability Requires Proportionality
This article analyzes case T-356/25 (Rapera), which confirms that tax representatives can bear direct VAT liability under certain circumstances. The ruling establishes that while direct liability for tax representatives is legally valid, the imposition of joint and several liability must respect the principle of proportionality. Courts cannot apply unlimited joint liability without considering the representative's actual role and degree of involvement. The decision has significant implications for fiscal representatives operating across EU jurisdictions, clarifying the boundaries of their exposure and reinforcing proportionality as a safeguard against disproportionate penalty burdens.
How AI Is Evolving in Sage Intacct and What It Means for Finance Teams
This article explores how AI capabilities are evolving within Sage Intacct, a cloud-based financial management platform, and the implications for finance teams. While the piece focuses on automation, intelligent workflows, and financial reporting enhancements, the tax angle is limited to indirect efficiency gains in finance operations. Sage Intacct does include tax-relevant modules and ERP data systems that feed into tax compliance workflows, making this relevant to tax technology professionals evaluating AI-driven tools for finance and tax automation purposes.
Mathez Compliance – July 2026 Training Sessions (French)
Mathez Compliance is offering French-language training sessions scheduled for July 2026 covering VAT and tax compliance topics.
IRS Introduces Automatic Exemption from Penalty Process, Phases Out First Time Abate
The IRS is introducing an automatic penalty exemption process that will replace the existing First Time Abate (FTA) program. Under the new system, eligible taxpayers will automatically receive penalty relief without needing to request it, streamlining the abatement process. The FTA program, which allowed taxpayers with a clean compliance history to request one-time penalty relief, will be phased out as the automatic system rolls out. This change aims to reduce administrative burden on both taxpayers and the IRS while ensuring qualifying individuals and businesses receive timely penalty relief without navigating manual request procedures.
IRS Final Rules Identify Certain CRATs as ‘Listed Transactions’
The IRS has issued final rules designating certain Charitable Remainder Annuity Trusts (CRATs) as 'listed transactions,' meaning they are classified as abusive tax shelters requiring mandatory disclosure to the IRS. Transactions identified as listed must be reported by taxpayers and material advisors, with significant penalties for non-compliance. The targeted CRAT arrangements allegedly allow taxpayers to improperly avoid capital gains taxes through trust structures. By formally listing these transactions, the IRS signals heightened scrutiny and enforcement action against promoters and participants using CRATs for tax avoidance purposes beyond their legitimate charitable planning use.
Chicago Aldermen Reject Mayor’s Move to Ask Voters if Millionaires Should Be Taxed
Chicago's aldermen have rejected Mayor Brandon Johnson's proposal to place a referendum on the ballot asking voters whether millionaires should face additional local taxation. The mayor sought public input on a potential wealth tax targeting high-income residents to address the city's fiscal challenges. The city council's refusal blocks the measure from reaching voters, at least for now. The proposal reflects broader national debates around taxing the wealthy at the local level, but aldermen's opposition signals significant political resistance to new high-income tax measures in Chicago despite ongoing budget pressures facing the city.
Cookies Retail Led Dispensary Into $1.9M Tax Crisis, Suit Says
A cannabis dispensary has filed a lawsuit against Cookies Retail, alleging the retail brand's mismanagement led to a $1.9 million tax crisis. The suit claims operational and financial decisions made by Cookies resulted in unpaid tax liabilities that now threaten the dispensary's viability. The case highlights the complex tax compliance challenges facing cannabis businesses, which often operate in a heavily regulated environment with limited access to standard banking and accounting services, making tax obligations particularly burdensome and disputes over responsibility for tax shortfalls especially consequential.
IRS designates certain CRAT arrangements as listed transactions
The IRS has designated certain Charitable Remainder Annuity Trust (CRAT) arrangements as listed transactions, signaling heightened scrutiny of these structures. Listed transaction status requires taxpayers and material advisors to disclose their participation, with significant penalties for failure to comply. CRATs are irrevocable trusts that pay annuities to beneficiaries, with remainders passing to charity, but abusive arrangements have been used to improperly avoid taxes. This designation alerts practitioners and taxpayers to the IRS's view that specific CRAT configurations constitute tax avoidance schemes subject to disclosure requirements and potential challenge.
IRS designates certain CRAT arrangements as listed transactions
The IRS has designated certain Charitable Remainder Annuity Trust (CRAT) arrangements as listed transactions, signaling heightened scrutiny of these structures. Listed transaction status requires taxpayers and material advisors to disclose participation, with significant penalties for failure to comply. CRATs are irrevocable trusts that pay annuities to beneficiaries before transferring remaining assets to charity, but certain abusive arrangements have been used to improperly eliminate capital gains or ordinary income. This designation alerts taxpayers that the IRS views specific CRAT configurations as tax avoidance schemes, subjecting them to audit risk and potential penalties.
Introducing the 2026 Romania VAT Guide
A 2026 Romania VAT Guide has been introduced, providing comprehensive guidance on VAT compliance requirements in Romania. The guide covers key aspects of Romanian VAT rules, registration obligations, rates, filing requirements, and compliance procedures relevant for businesses operating in or trading with Romania. It serves as a practical resource for companies navigating Romania's VAT framework, reflecting any legislative updates and regulatory changes applicable from 2026. The guide is aimed at helping businesses and tax professionals ensure full compliance with Romanian VAT obligations.
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