Belize has legislated mandatory e-invoicing and e-receipts for B2B transactions, effective from 2027, as confirmed in the 2026/7 Budget. The country’s General Sales Tax (GST) remains at a 12.5% standard rate, with registration required for businesses exceeding BZD 75,000 in annual taxable supplies. Monthly GST returns are due by the 15th of the following month.
From 2027, Belize will mandate e-invoicing and e-receipts for B2B transactions.
Belize’s General Sales Tax (GST) standard rate is 12.5%.
Businesses with annual taxable supplies exceeding BZD 75,000 must register for GST.
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Basware · about 22 hours ago
Basware’s blog post discusses the lack of a nationwide e‑invoicing mandate in the U.S. and urges finance leaders to build proactive compliance systems before future regulations arrive. It cites that 47 % of U.S. companies have struggled with market expansion due to missed deadlines, 83 % see fragmented compliance as a risk, and only 33 % can scale compliance effectively. The piece highlights the benefits of an invoice lifecycle management approach for real‑time visibility and audit readiness.
Vertex, Inc. · 8 days ago
Mexico’s e‑invoicing regime, governed by the CFDI XML format (Anexo 20, version 4.0), applies universally to all taxpayers and covers B2B, B2C, and B2G transactions with no turnover threshold. The 2026 tax reform tightens authenticity checks, expands SAT enforcement powers, and imposes fines of 5–10 % of invoice value for non‑compliance.
WTW · 16 days ago
Mexico amended its Federal Revenue Law on 7 November 2025, removing the ability to recover 16% VAT on goods and services used in major medical insurance claims. The change is retroactive from 1 January 2025 and is expected to raise major medical costs by 10‑12%, potentially increasing loss ratios by 8‑12% and overall captive costs by over 20%. WTW recommends early engagement and scenario analysis to manage the impact.
WTW · 16 days ago
Mexico amended its Federal Revenue Law on 7 November 2025, removing insurers’ ability to recover 16% VAT on goods and services used in covered major medical treatments. The change is retroactive from 1 January 2025 and is expected to raise major medical costs by 10‑12%, potentially increasing loss ratios by 8‑12% and overall captive costs by over 20%.
VatCalc · 16 days ago
British Columbia will broaden its Provincial Sales Tax (PST) to include a range of professional services from 1 October 2026, maintaining a 7% rate that, combined with the federal 5% GST, brings the total tax on most supplies to 12%. For architectural, engineering and geoscience services, PST will apply to only 30% of the purchase price. Service providers in the new scope must register for PST and prepare to charge, collect and remit the tax, with further administrative guidance to follow.
VATCalc · 17 days ago
Argentina’s tax authority ARCA has extended mandatory e‑invoicing to financial institutions, insurance companies and credit card providers effective 1 July 2026, introducing a monthly electronic settlement system and pre‑filled VAT returns. The General Resolution 5824/26 also plans to add prepaid health plans and educational institutions by July 2027, urging businesses to prepare early for the expanded e‑invoicing infrastructure.