Kworia News
Articles tagged tax
India's GSTN has extended its e-invoicing framework to include recipient-generated self-invoices under RCM, effective October 16, 2026. The mandate applies to registered taxpayers with an aggregate annual turnover of ₹5 crore and above, covering RCMDOM and RCMIMP transactions. Sandbox testing environments are now live across authorized IRPs.
The Philippines BIR's new e-invoicing accreditation framework (RMC 110-2026) effective October 15, 2026 prohibits providers from withholding taxpayer records, mandates transparent pricing, and requires seamless data portability. These protections address historical data hostage risks and ensure taxpayers maintain access regardless of disputes or provider transitions.
Federal excise tax penalties on dyed diesel fuel used or sold for highway purposes are waived from October 1, 2026 through December 31, 2026. Enforcement activities are suspended, record-keeping requirements are waived, but state-level compliance obligations remain uneven across jurisdictions.
UK taxpayers with low or no earned income can combine three statutory allowances—the Personal Allowance (£12,570), Starting Rate for Savings (£5,000), and Personal Savings Allowance (£1,000)—to legally shelter up to £18,570 from income tax as of October 2026. The Personal Allowance remains frozen through 2027–28.
A landmark UK tribunal judgment establishes that contractual labelling alone cannot create a recoverable VAT supply of labour services. The ITS Plant-Tech v HMRC case reinforces that economic reality determines VAT recovery eligibility for umbrella payroll arrangements, with significant consequences for recruitment agencies and contractors.
Spain's Tax Authority has proposed postponing Verifactu compliance deadlines to October 2028 for alignment with B2B e-invoicing and EU digital requirements. However, these delays lack legal force until formally published in the Official State Gazette, leaving the original 2027 deadlines as the only binding obligations.
France's e-invoicing mandate includes landlords operating under LMNP, LMP, or SCI structures, with mandatory receipt phases starting 1 September 2026 and platform selection due by 31 December 2026; penalties begin in 2027.
Germany's federal cabinet approved a draft law requiring businesses with annual turnover exceeding €100,000 to adopt electronic cash-register systems and digital receipts by 2028, aiming to modernize tax record-keeping and reduce fraud in cash transactions within the retail and hospitality sectors.
Enterprises must construct and maintain tax controversy files to defend filed tax positions during disputes, preserving decision rationale, calculation logic, and procedural history. This operational discipline requires precise framing of taxpayer entities, tax types, periods, and filed positions, with supporting evidence organized chronologically.
Uruguay has extended its reduced 13% VAT rate for tourism services until April 2027, down from the standard 22% rate. This extension, confirmed October 8, 2026, provides tourism businesses with planning certainty while maintaining the possibility of reverting to standard rates after the deadline.
The German Federal Central Tax Office (BZSt) has issued procedural guidance requiring selective anti-double-credit confirmations for Kapitalertragsteuer relief applications involving US-treated disregarded entities. This prevents the same withholding tax from generating benefits in both jurisdictions. The requirement applies case-by-case during application processing.
Circular 8/E consolidates updated guidance on Italy's biennial preventive tax settlement scheme (CPB) ahead of the 2 November 2026 enrollment deadline, incorporating amendments from Legislative Decree 148/2026 and offering enhanced benefits for renewal applicants, including exemptions from conformity certifications and an advanced statute of limitations.
