Egypt announces mandatory e-invoicing

The Egyptian Ministry of Finance recently issued a decree on the mandatory issuance of electronic invoices in the country. The decree states that : Registered taxpayers must issue an electronic invoice containing the issuer’s electronic signature and a Unified Code...

Italy: No VAT rate increase in 2021

As a result of COVID-19, Italy will not increase the VAT/IVA rates as planned in 2021. The Italian Council Ministers approved a decree which includes, among other measures, a reversal in their decision to increase VAT rates as of 1 January 2021. Initially planned for...

Mexico: Withholding 6% Value Added Tax

Updates regarding tax compliance in Mexico. During the current fiscal year, the Tax Administration Service published new regulatory criteria on the 6% withholding value added tax (VAT) for services provided through the criteria 46/IVA/N, published in the early version...

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