Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Slovakia proposes grace period for e-invoicing mandate
Slovakia has proposed a grace period for its upcoming mandatory e-invoicing regime, providing businesses with additional time to prepare for compliance before enforcement begins. The grace period reflects recognition by Slovak authorities that companies need sufficient lead time to implement the necessary technical and administrative changes to meet e-invoicing requirements. This development is relevant for businesses operating in Slovakia that must align their invoicing systems with the new mandate. The move follows a broader European trend of phased e-invoicing rollouts, balancing regulatory ambition with practical implementation timelines for both large enterprises and SMEs.
Romania Clarifies RO e-Factura Rules for B2C Transactions
Romania has issued clarifications regarding the RO e-Factura system's application to business-to-consumer (B2C) transactions. The RO e-Factura system, Romania's mandatory electronic invoicing platform, has been expanded beyond its initial B2B scope, and these new guidelines address how businesses must handle invoicing for end consumers. The clarifications aim to help companies comply with reporting obligations, submission timelines, and technical requirements when issuing invoices to private individuals. Businesses operating in Romania must align their invoicing processes and systems with the updated rules to avoid penalties under the country's digitally-driven tax administration framework.
Guidance: Pension schemes newsletter 182 — June 2026
HMRC's Pension Schemes Newsletter 182 (June 2026) provides updated guidance for pension scheme administrators and practitioners in the UK. These newsletters typically cover legislative changes, administrative updates, and compliance requirements related to pension tax relief, annual allowances, lifetime allowances, and reporting obligations. Pension taxation is a significant area of personal income tax policy in the UK, affecting how contributions, growth, and withdrawals are taxed. The newsletter serves as an official communication channel between HMRC and the pensions industry on tax-related matters.
Introducing the 2026 Estonian VAT Guide
A 2026 Estonian VAT guide has been introduced, providing comprehensive guidance on VAT compliance requirements in Estonia. The guide covers the latest regulatory updates and practical compliance considerations for businesses operating in or trading with Estonia. It serves as a reference resource for understanding Estonian VAT rules, rates, registration obligations, and reporting requirements as they apply from 2026 onwards, helping businesses and tax professionals navigate the Estonian VAT landscape effectively.
12 Critical GSTR-9 & GSTR-9C Reconciliation Mistakes Every GST Taxpayer Must Avoid
This article outlines 12 critical mistakes GST taxpayers in India commonly make when filing GSTR-9 annual returns and GSTR-9C reconciliation statements. Key errors include mismatches between GSTR-1, GSTR-3B, and books of accounts, incorrect reporting of input tax credit, failure to reconcile turnover figures, errors in HSN summary reporting, and improper handling of amendments. The article serves as a practical compliance guide to help taxpayers avoid penalties, interest, and audit triggers from GST authorities. Accurate reconciliation is emphasized as essential for maintaining compliance and avoiding scrutiny under India's GST framework.
SARS Extends Deadline for Auto-Assessed Taxpayers in 2026
South Africa's Revenue Service (SARS) has extended the deadline for auto-assessed taxpayers in the 2026 tax filing season. Auto-assessment is a system where SARS pre-populates tax returns using third-party data and automatically issues assessments to qualifying individuals. The deadline extension provides affected taxpayers additional time to either accept their auto-assessment or file a manual return if they disagree with the pre-populated figures. This administrative measure affects personal income tax filers in South Africa and reflects SARS's ongoing efforts to streamline compliance and reduce the burden on individual taxpayers during the annual filing season.
Income-tax Act 2025: New TDS and TCS Forms Every Deductor Must Know
This article covers new TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) forms introduced under the Income Tax Act 2025 in India. It details the updated forms that deductors and collectors must use, explaining changes in compliance requirements, filing procedures, and deadlines. The piece is aimed at helping deductors navigate the revised regulatory framework, understand which forms apply to specific transaction types, and ensure accurate withholding tax compliance. The changes are part of India's broader effort to modernize and streamline its direct tax administration under the new income tax legislation.
Don’t Assume You Earn Too Little to File a Tax Return
This article addresses a common misconception among South African taxpayers who assume their income is too low to require filing a tax return. It highlights that certain individuals below standard income thresholds may still be legally required to submit returns under specific circumstances, such as receiving income from multiple sources, earning capital gains, or holding foreign assets. The piece serves as guidance for personal income taxpayers, urging them not to automatically opt out of filing obligations without first verifying their individual circumstances against SARS requirements, as non-compliance can result in penalties even for lower-income earners.
AI Transforms SARS Compliance and Strengthens Tax Enforcement
The South African Revenue Service (SARS) is increasingly deploying artificial intelligence to enhance tax compliance and enforcement capabilities. AI tools are being used to detect non-compliance, identify high-risk taxpayers, analyse large datasets for audit targeting, and improve the accuracy of auto-assessments. This technological transformation is strengthening SARS's ability to close the tax gap and deter evasion. The integration of AI into revenue administration represents a significant shift in how SARS conducts enforcement activities, with implications for both individual and corporate taxpayers who may face more sophisticated and data-driven scrutiny from the authority.
Denmark: Consultation completed on transition to a single Peppol e-invoicing standard
Denmark has completed a public consultation on transitioning to a single Peppol e-invoicing standard. The consultation examined the move toward a unified Peppol-based framework for electronic invoicing, aiming to streamline and standardize e-invoicing processes across Danish businesses and public sector entities. The transition reflects Denmark's efforts to modernize its invoicing infrastructure, improve interoperability, and align with broader European e-invoicing standards. Stakeholder feedback gathered during the consultation will inform the final implementation approach for the new unified Peppol standard.
Guide on E-Invoicing and E-Reporting in Norway
A comprehensive guide covering e-invoicing and e-reporting requirements in Norway, detailing the regulatory framework, scope, and implementation considerations for businesses operating in the country. Norway has been developing its digital reporting infrastructure, and this briefing document outlines the key obligations, technical standards, and timelines that taxpayers and their advisors need to understand to achieve compliance with Norwegian e-invoicing mandates.
Guide on E-Invoicing & E-Reporting in the United Kingdom
A comprehensive guide examining e-invoicing and e-reporting requirements in the United Kingdom, covering the scope of current and upcoming mandates and their implementation framework. The document provides an overview of the UK's approach to digital invoice reporting following Brexit, outlining applicable rules, technical requirements, and what businesses operating in or with the UK need to know to prepare for compliance with evolving digital reporting obligations.
Comarch Webinar: GCC E-Invoicing Roadmap: Navigating Mandates in KSA, the UAE, and Oman (July 1)
Comarch is hosting a webinar on July 1 focused on the e-invoicing roadmap across Gulf Cooperation Council countries, specifically Saudi Arabia, the UAE, and Oman. The session will guide businesses through the distinct mandates in each jurisdiction, covering implementation timelines, technical requirements, and compliance strategies. With KSA's Fatoora already phased in, and UAE and Oman advancing their own frameworks, the webinar addresses the complexities of navigating multiple overlapping GCC e-invoicing regimes.
European Commission Launches DAC Recast: Consolidating a Decade of Tax Transparency Rules into One Single Legal Framework
The European Commission has launched a recast of the Directive on Administrative Cooperation (DAC), consolidating over a decade of incremental tax transparency amendments into a single unified legal framework. The recast streamlines DAC1 through DAC8 into one coherent instrument, improving clarity and consistency across automatic exchange of information rules covering financial accounts, tax rulings, country-by-country reporting, and digital platform data. The initiative aims to reduce complexity for member states and enhance enforcement of cross-border tax transparency obligations across the EU.
Norway Mandates Digital Bookkeeping and E-Invoicing in New Financial Law
Norway has enacted a new Financial Act mandating digital bookkeeping and e-invoicing for businesses, marking a significant step in the country's digital tax compliance framework. The legislation requires companies to maintain accounting records digitally and adopt e-invoicing standards, with phased implementation timelines. The law modernises Norway's bookkeeping requirements, aligns with broader Nordic digital reporting trends, and imposes new obligations on businesses to ensure their accounting systems meet the updated technical and regulatory standards for invoice issuance and record-keeping.
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
The Taxpayer Advocate Service has submitted its mid-year report to Congress evaluating IRS performance during the 2026 tax season. The report highlights both successes and shortcomings in IRS operations, including filing processing times, customer service metrics, and taxpayer assistance. The Taxpayer Advocate, an independent voice within the IRS, uses such reports to push for legislative and administrative improvements that better serve taxpayers. The findings carry weight for ongoing debates around IRS funding, staffing, and modernization efforts, making it a significant touchpoint for personal income tax administration and tax policy discussions at the federal level.
These 10 States Might Have a Tax Identity Theft Problem
A new analysis identifies ten U.S. states that may be particularly vulnerable to tax identity theft, a growing problem where fraudsters file false tax returns using stolen personal information to claim refunds. The report points to weaknesses in state-level identity verification systems and refund fraud detection mechanisms. Tax identity theft burdens legitimate taxpayers with delayed refunds and complex resolution processes. The findings underscore the need for stronger authentication protocols and inter-agency data sharing at the state level. This issue sits at the intersection of personal income tax administration and taxpayer protection, highlighting ongoing challenges for state revenue agencies.
Supreme Court lets stand IRS power to assess tax anytime for preparer fraud
The U.S. Supreme Court has declined to disturb a ruling upholding the IRS's authority to assess taxes at any time when preparer fraud is involved. The case reinforces that the standard statute of limitations on tax assessments does not apply where a tax return preparer engaged in fraudulent conduct. This decision has significant implications for taxpayers who relied on fraudulent preparers, as it removes the usual time-bar protection and exposes them to unlimited assessment periods. The ruling underscores the serious consequences of preparer fraud and reinforces IRS enforcement powers in cases involving misconduct by tax professionals.
Webinar: The First Anniversary of OB3: Examining Implementation and the Impact of the 2025 Tax Bill – July 23, 2026
A webinar hosted by the National Tax Association marking the first anniversary of OB3 (One Big Beautiful Bill), examining its implementation and the impact of the 2025 Tax Bill. The session, scheduled for July 23, 2026, will analyze how the landmark US tax legislation has been applied in practice since enactment, reviewing regulatory guidance, compliance challenges, and broader economic effects. The 2025 Tax Bill represents significant changes to the US tax code, and this anniversary review provides practitioners, academics, and policymakers an opportunity to assess real-world outcomes against legislative intent.
Federal Circuit Permits Section 122 Tariffs to Proceed
The Federal Circuit Court has permitted Section 122 tariffs to proceed, addressing a significant legal challenge to the executive branch's authority to impose emergency tariffs. Section 122 of the Trade Act of 1974 grants the President authority to impose temporary tariffs of up to 15% for balance-of-payments purposes. This ruling has notable implications for U.S. trade and customs policy, potentially affecting importers and businesses subject to these tariff measures. The decision reinforces presidential tariff-setting powers and may influence ongoing trade disputes and customs compliance obligations for companies importing goods into the United States.
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