ZATCA continues expanding Phase 2 e-invoicing integration throughout 2025, with Wave 24 covering businesses with turnover above SAR 375,000. Non-compliance penalties range from SAR 5,000 to SAR 50,000.
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Deloitte · about 1 month ago
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has issued amendments to the VAT Implementing Regulations that clarify the responsibilities of electronic marketplaces and e-commerce platforms. The changes define when a marketplace is deemed to facilitate a supply and therefore liable for VAT, and introduce phased effective dates for compliance. Businesses operating in the Kingdom should review their operating models and contractual arrangements to ensure alignment with the updated framework.
Haaretz · 1 day ago
Finance Minister Bezalel Smotrich sought to double the VAT exemption for personal online imports to $150, but lawmakers rejected the proposal. He subsequently signed an order raising the exemption to $130, a move that has been appealed to Israel's top court. The change affects the VAT treatment of online purchases by Israeli consumers.
Jerusalem Post · 3 days ago
The Knesset rejected Finance Minister Bezalel Smotrich’s order to double the VAT exemption ceiling on personal imports to $150, voting 59 against and 25 in favor. The order was intended to lower the cost of living and reduce online purchase prices, but critics warned it would harm local businesses.
The Media Line · 4 days ago
The Israeli Knesset voted on 24 February 2026 to revoke a ministerial order that would have raised the VAT exemption threshold for online purchases from $75 to $150. The order, which had been in effect since December 24, was defeated 25–59 after Prime Minister Netanyahu allowed a free vote for coalition lawmakers. The revocation removes the exemption for imported packages valued up to $150, restoring the previous $75 threshold.
EIN Presswire · 6 days ago
Federal Decree‑Law No. 16 of 2025 introduced a five‑year limitation period for VAT refund claims in the UAE, effective 1 January 2026. Businesses must now file returns strategically to avoid permanent loss of input‑VAT credits, with transitional relief until 31 December 2026 for credits older than five years. The change turns VAT compliance into a cash‑flow optimisation tool.
The VAT Consultant · 7 days ago
The UAE’s 2026 corporate tax registration wave introduces new deadlines and penalties, requiring natural persons with over AED 1 million in revenue to register by March 31 2026, companies incorporated in 2026 to complete registration within three months of incorporation, and all free‑zone entities to register regardless of Qualifying Free Zone Person status. A AED 10 000 penalty applies for late registration, and the changes aim to align entity structures with long‑term compliance and operational flexibility.