The ATO is moving non-compliant small businesses from quarterly to monthly GST reporting from April 2025, while mandating Peppol e-invoice acceptance for businesses already exchanging e-invoices by July 2025.
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Australian Financial Review · 2 months ago
The article argues that Australia should increase its GST rate and broaden the tax base to reduce reliance on income tax, following the OECD’s latest health check recommendation.
VatCalc · 3 months ago
The OECD has renewed its call for Australia to broaden and potentially raise the GST to improve fiscal sustainability. It recommends expanding the tax base and considering a rate increase above the current 10%, possibly up to 15% if paired with income‑tax cuts, and estimates a 1.6% boost to output over ten years. The recommendation comes ahead of the May federal budget and follows a mid‑year budget update that confirmed persistent deficits.
The Guardian · 3 months ago
The OECD’s economic survey of Australia urges the Albanese government to broaden the GST and consider raising the rate above 10%, using the proceeds to reduce reliance on personal income tax. It also recommends replacing stamp duties with a land tax and boosting social housing funding. The report estimates the reform would add 1.6% to Australia’s GDP over a decade.
Stripe · 3 months ago
This guide explains Australia's e-invoicing landscape, including the Peppol network, current compliance requirements, and projected market growth. It highlights that while private businesses are not yet mandated to use e-invoicing, government entities must, with deadlines set for 2026, and outlines funding and efficiency gains. The article also details the standard format and benefits such as faster payments and reduced errors.
Shared Services Link · 5 days ago
Singapore has extended its e‑invoicing mandate to all new voluntary GST registrants from 1 April 2026, requiring them to use InvoiceNow and send structured invoice data via the Peppol network. Existing GST‑registered businesses are exempt for now, with a broader rollout planned through 2031. The move is part of the city‑state’s digital tax agenda to improve compliance and streamline processes.
VatCalc · 6 days ago
Vietnam's Ministry of Finance has issued a draft decree to streamline e-invoicing for e-commerce and low-value transactions, shifting invoice issuance to platform operators and allowing small businesses below thresholds to issue consolidated daily invoices. The Finance Ministry also proposed extending e-invoicing to businesses with sales above VND 1 billion on 10 December 2025, and Circular 32/2025 provides detailed guidelines on numbering, use cases, and service provider standards. A June 2024 directive urges the remaining non‑compliant businesses, especially retail outlets, to adopt e‑invoicing, following the successful Phase 2 rollout in 2022 that registered 92 % of obligated taxpayers.
This summary was published on VATfaqs.com on 1 January 2026. It relates to VAT developments in Australia. The original source is EEA Advisory.
