Fiscal information: New VAT law to be implemented on January 1, 2026

The

The main changes in the VAT law are the following five points: "services" and "services", the concept of unity, the tax rate remains unchanged; deemed sales are greatly streamlined, retaining only three types of cases, deleting the provision of services without compensation, etc.; the tax rate is unified 3%, canceling 5% gear, small-scale taxpayers and other simplified tax calculation is more simple; retained tax refund legalization, taxpayers can choose to carry forward the credit or apply for refund; input credit optimization, loan service restrictions deleted, government compensation to "no tax".

The

Fiscal information: notice on the Internet platform price behavior rules

The

The rules consist of 7 chapters and 29 articles, and will come into force on April 10, 2026. The core of the rules is to protect the independent pricing rights of operators, prohibit platforms from forcing merchants to reduce prices and unreasonably restricting price behavior; refine the specifications for price indication and promotion, prohibit "big data to kill familiarity", price collusion and other unfair competition; regulate the automatic renewal/deduction of consumption links, and strengthen price dispute resolution. It also regulates consumer processes such as automatic renewal/debits, strengthens price dispute resolution, and maintains the order of fair competition in the platform economy.

The

Cross-border news: Russian e-commerce company Yandex goes live with AI technology

The

Russian e-commerce company Yandex went online with AI technology, relying on machine learning models to identify suspicious cash-on-delivery orders as a way to prevent cargo theft fraud and avoid sellers suffering losses. In addition, AI can also be used to automatically handle fake complaints and classification, through the algorithm and artificial synergy, the platform fake complaint rate has been reduced to below 0.08%.

The

Cross-border News: Shopee Singapore Implements New Service Rate Standard

The

Shopee Singapore since January 1, 2026 will implement a new service rate standard. Among them, the basic service rate for non-Shopee local store sellers will be adjusted from the original 1.09% to 3.27%, an increase of 200%. Meanwhile, once a seller confirms to participate in the Coins Cashback Program, he/she will be required to pay a participation fee inclusive of GST for all successful orders, regardless of whether or not the orders are using cashback coupons.

The

Overseas Insight: Saudi Arabia's e-commerce is experiencing rapid expansion

The

Saudi Arabia's e-commerce market is experiencing rapid expansion and has become one of the fastest growing digital economies in the Middle East, reaching $222.9 billion in 2024. The Saudi Arabia e-commerce market is expected to reach $708.7 billion by 2033, growing at a CAGR of 12.81 TP3T. growth is mainly driven by rising digital literacy, increasing consumer preference for online convenience, and continued investment in logistics, warehousing, and digital payment systems.

The

Overseas Insight: New rules on Mexican e-commerce withholding tax to take hold

The

2026 Mexican e-commerce withholding tax new regulations will fall, Amazon, Merkle and other e-commerce platform sellers regardless of the type of subject are required to register RFC tax number, no tax number will be withheld 36% income tax and VAT, and the store has the risk of being limited flow. After the issuance of the tax number, non-resident sellers should complete the first declaration before the 17th of the following month, deletion of data, late payment of taxes will face serious penalties such as tax number cancellation.

The

International news: Indonesia plans to extend tax incentives

The

Indonesia plans to extend tax incentives that expire this month until 2026 to remain attractive to investors, and will no longer offer the 100% tax exemption for corporate income, but will instead offer a combination of the "base 15% rate + alternative incentives" in order to comply with the global minimum tax rules.

The

INTERNATIONAL INFORMATION: Argentina's Congress passes 2026 national budget

The

Argentina's Congress passed the 2026 national budget with projected spending of $101.8 billion and set a GDP growth target of 51 TP3T and an expected annual inflation rate of 10.11 TP3T. It is the first budget to be approved since the country's President Mile took office at the end of 2023.

The