Tag: Tax Compliance
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Avalara Tax Changes 2026: Global Compliance Shifts Reshape Business Operations
Overview: Avalara’s 2026 Tax Changes Report Avalara, a leading name in tax and compliance solutions, has released its annual Tax Changes 2026 report. The summary highlights accelerating regulatory complexity that businesses face across borders, driven by expanding tax obligations, rising compliance costs, and a wave of digital reporting mandates. As companies navigate a more intricate…
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Avalara Tax Changes 2026: Major Shifts Reshaping Global Business Compliance
Ahead of 2026: Avalara’s 10th Annual Tax Changes Report Avalara, a leading name in tax compliance services, has released its 10th annual Tax Changes report, highlighting how 2026 is set to bring sweeping shifts for businesses around the world. The study underscores a continuing trend: tax authorities are tightening rules, expanding jurisdictions, and accelerating digital…
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Avalara Tax Changes 2026 Reveals Major Shifts Impacting Businesses Worldwide
Overview: Avalara Unveils a New Era in Tax Compliance Avalara, a leading name in tax technology and compliance, has released its 10th annual Tax Changes 2026 report. The publication highlights a year of intensified regulatory activity, escalating costs of compliance, and a broad acceleration of digital tax mandates across markets. For international companies and multi-nationals,…
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OECD Digital Continuous Transactional Reporting for VAT: Policy and Design
Overview: What Digital Continuous Transactional Reporting for VAT Entails The OECD report on Digital Continuous Transactional Reporting for Value-Added Tax (VAT) presents a framework for real-time or near‑real‑time VAT data collection. The goal is to improve accuracy, reduce compliance costs for businesses, and close revenue gaps for governments. By moving from periodic VAT returns to…
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No Penalties for CP500 Instalments in YA 2026: What Taxpayers Should Do
What the CP500 Announcement Means for YA 2026 The Inland Revenue Board of Malaysia (LHDN) has issued an important update for individual taxpayers who receive Instalment Payment Notices, commonly known as CP500. For the Year of Assessment (YA) 2026, LHDN has stated that there will be no penalties applied for non-payment of these instalments. This…
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CP500 Notice from LHDN: No Penalties for 2026 and What You Should Do
Overview: CP500 notices and the YA 2026 policy The Inland Revenue Board of Malaysia (LHDN) has announced a favorable policy for individual taxpayers who receive Instalment Payment Notices (CP500) related to the Year of Assessment (YA) 2026. Specifically, taxpayers will not incur penalties for non-payment in relation to CP500 during YA2026. This decision aims to…
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Malaysia Delays Mandatory E-Invoicing for SMEs Earning RM1–RM5 Million in Annual Sales
Overview: E-invoicing rollout postponed for mid-sized SMEs Malaysia will delay the compulsory adoption of e-invoicing for companies with annual sales between RM1 million and RM5 million. The decision, announced by Prime Minister Datuk Seri Anwar Ibrahim, shifts the timeline for a policy that had been planned to start on January 1. The postponement aims to…
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Malaysia Delays Mandatory E-Invoicing for SMEs (RM1–RM5 Million Sales)
Key Update: E-Invoicing for Mid-Sized SMEs Postponed In a move welcomed by many small and medium-sized enterprises (SMEs), Prime Minister Datuk Seri Anwar Ibrahim announced that Malaysia will postpone the previously scheduled rollout of mandatory e-invoicing for companies with annual sales between RM1 million and RM5 million. The policy, which was initially set to take…
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Understanding CP500 Tax Installment Notices: What Malaysian Taxpayers Need to Know
What CP500 Is and Why You Might Get One Tax season in Malaysia often brings a flurry of notices from the Inland Revenue Board (IRB), and the CP500 is among the most common. The CP500 Instalment Payment Notice is issued to taxpayers in stages, typically after information from the Income Tax Return Form (ITRF) submitted…
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What CP500 Tax Installment Notices Really Mean and How to Respond
Understanding CP500 Notices in Malaysia If you’ve recently received a CP500 installment notice from LHDN (Lembaga Hasil Dalam Negeri Malaysia), you’re not alone. In December 2025, taxpayers in Malaysia started receiving the Instalment Payment Notice (CP500) in stages. These notices are issued by the Inland Revenue Board (IRB) based on information reported in the Income…