📈 IRD Defers New VAT Invoice Format to 1 July

The Inland Revenue Department (IRD) has announced a further extension for the implementation of the standardized tax invoice format for Value Added Tax (VAT) registered persons, moving the deadline from 1 April 2026 to 1 July 2026. • Context: This marks the second postponement of the mandate, which was originally scheduled for 1 January 2026. The extension follows requests from the private sector for additional time to align internal systems with the new specifications. • Legal Basis: The revised timeline applies to the format outlined in notice No. PN/VAT/2025-12/1. A formal amendment to the relevant Gazette Notification is expected shortly. • Objective: The initiative aims to standardize documentation and enhance reporting accuracy within the VAT framework, a critical component for domestic revenue mobilization. • Compliance: Until the new July deadline, existing invoice formats remain valid. Registered businesses are encouraged to utilize this three-month window to finalize their technical and administrative transitions.