Type: Legislation
An improved digital tax bookkeeping system (EFD version 3.0.3) for the state goods and services tax (ICMS) and the industrialized products tax was released, according to the Brazilian Federal Revenue Agency, on February 9. (IPI). The update corrects a discrepancy in the invoice bookkeeping validation and implements the report that refers to the 1601 record.
Effective date: 2023
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Effective Date: 1 July 2026 Type: Legislation China is continuing to expand its real-time tourist VAT refund regime to encourage inbound tourism and consumer spending.
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