Key Updates in Tax Compliance & e-invoicing!
Stay Ahead with Tax Compliance Updates!

Key Updates in Tax Compliance & e-invoicing!

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Melasoft GmbH

Melasoft Information Techonology

发布日期: 2024年8月22日
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Welcome to our biweekly newsletter, your go-to source for the latest updates in tax compliance and e-invoicing. In this issue, we cover key regulatory changes and developments impacting businesses globally. Be sure to check out our recent e-invoicing webinar video, highlighting the advantages of seamless integration, enhanced accuracy, and compliance.

Stay informed with our insights and keep your business ahead in the ever-evolving regulatory landscape.

Updates on E-Invoicing Compliance

  • FBR Issues New Sales Tax Guide for Easier Registration and Filing!

The Federal Board of Revenue (FBR) in Pakistan has released a detailed guide to help taxpayers understand the basics of sales tax registration and filing. From understanding the Sales Tax Act to obtaining a Sales Tax Registration Number (STRN) via the Iris Portal, this guide covers all the essentials.

Learn more


The Federal Board of Revenue (FBR) in Pakistan has recently issued a detailed guide designed to help taxpayers navigate the basics of sales tax—an essential step for seamless registration and filing. Sales tax, an indirect tax enforced by the Federal Government under the Sales Tax Act of 1990, is applicable to the sale and supply of goods as well as imports. To file a sales tax return, individuals or businesses must first register with the FBR and obtain a Sales Tax Registration Number (STRN). This registration process is straightforward and can be completed online via the FBR’s Iris Portal.
FBR Issues Step-by-Step Sales Tax Registration Guide!

  • Inflation Accounting Set to Transform Turkey’s Financial Sector by 2025!

The Banking Regulation and Supervision Agency (BDDK) has announced that starting January 1, 2025, banks and financial institutions must transition to inflation accounting. This change impacts sectors like financial leasing, factoring, and asset management. New regulations will require inflation-related equity differences to be separately reported and included in core capital calculations.

Learn more

Financial Sector Gears Up for Inflation Accounting Transition The Banking Regulation and Supervision Agency (BDDK) has announced that, effective January 1, 2025, banks and financial institutions will transition to inflation accounting. This change will specifically impact financial leasing, factoring, finance, savings finance, and asset management companies. Under the new regulations, adjustments for inflation-related equity differences will be shown separately on financial statements and factored into core capital calculations. The draft regulations and guidelines aim to help financial institutions smoothly adapt to this transition. BDDK has made the drafts available on its official website for those seeking further information. This transition is viewed as a step towards enhancing transparency and accuracy in Turkey’s financial sector.
Turkey’s Financial Institutions to Adopt Inflation Accounting in 2025!

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领英推荐

Discovering Peppol eInvoicing – what problem are we trying to solve? Trade is the key driver of economic growth at both domestic and global levels, and business success is critical for economic growth. Every trade transaction results in a financial exchange between the buyer and seller. In the Business-to-Consumer world (B2C), payment is almost instantaneous, utilising either cash or the highly developed payment card system. But in the Business-to-Business (B2B) and Business-toGovernment (B2G) sectors, almost every transaction results in an invoice, with payment following, often weeks or months, later. These slow payment cycles can negatively impact business. Faster invoice processing improves cashflow and reduces business operating costs, improving efficiency and competitiveness. ? eInvoicing helps to improve business efficiency At a national level, the collection of consumption tax (VAT, GST etc) typically equates to around 30% of government income. Nevertheless, most countries exper
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