Chile issues VAT registration rules for foreign B2C sellers
The resolution introduces VAT registration for foreign sellers and platforms handling low-value B2C goods from October 2025. The Chilean tax authority SII) issued Resolution No. 84 on 10 July 2025, establishing registration procedures for foreign
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UAE clarifies VAT requirements on SWIFT charges for financial institutions
The Public Clarification outlines the VAT obligations and input tax documentation requirements for financial institutions incurring SWIFT-related interbank charges. The UAE Federal Tax Authority (FTA) issued Public Clarification VATP041 on 28
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Italy: Council of Ministers approves draft VAT consolidation code
The new consolidated VAT law has been structured into 18 sections and 171 articles. Italy’s Council of Ministers, in a press release on 14 July 2025, has given preliminary approval to a Legislative Decree aimed at consolidating and reorganising
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Belgium issues clarification on 2026 B2B e-invoicing rules
The Decree mandates the use of structured e-invoicing for B2B transactions between VAT-registered taxpayers, starting in 2026. Belgium has published Decree of 8 July 2025 in the Official Gazette, mandating structured electronic invoicing
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Nigeria: FIRS enacts e-invoicing system for large taxpayers
Businesses with an annual turnover of NGN 5 billion or more are required to register for e-invoicing, effective August '25. Nigeria’s Federal Inland Revenue Service (FIRS) announced the launch of a national electronic invoicing (e-invoicing)
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OECD: VAT receipts boost tax revenue in Asia-Pacific
The report states that tax revenues in the Asia-Pacific rose for a third straight year in 2023 due to higher VAT receipts. The OECD has released the Revenue Statistics in Asia and the Pacific 2025 report on 8 July 2025, which reveals that tax
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Sri Lanka to introduce 18% VAT on cross-border digital services
Sri Lanka will implement an 18% VAT on foreign digital services supplied to local consumers starting October 2025. Sri Lanka will implement an 18% Value Added Tax (VAT) on digital services supplied by non-resident companies to local consumers,
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Vietnam enacts new VAT law
The new VAT law introduces 0% VAT for certain NTZ/EPE services, expanded non-cash payments, updated VAT credit/refund rules, and new seller declaration requirements, replacing parts of prior VAT guidance. Vietnam issued Decree 181/2025/ND-CP and
See MoreUK: Online marketplaces responsible for VAT on sales by foreign sellers
HMRC has confirmed that online marketplaces must account for VAT on goods sold by overseas businesses when the items are located in the UK at the time of sale. The UK’s HM Revenue & Customs (HMRC) issued guidance on 20 June 2025 confirming
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Poland published final schema FA_VAT (3) and KSeF 2.0 API documentation
Poland's Council of Ministers approved a draft law mandating the National e-Invoicing System (KSeF), pending parliamentary review and expected enactment by July 2025. Poland announced that the final schema, FA_VAT (3), will supersede the
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Uzbekistan to refund 50% VAT to livestock and poultry farmers
Uzbekistan is offering a 50% VAT refund to livestock and poultry farms from April 2025 to January 2028 under Cabinet Resolution No. 362, aiming to boost domestic meat, milk, and egg production. Uzbekistan is implementing a 50% VAT refund for
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Greece consults on EU-Aligned VAT rules for small businesses
The Greek Ministry of Finance is consulting on a draft law to align VAT rules with the EU small business scheme, offering cross-border VAT registration exemptions for small businesses under specific turnover thresholds. The Greek Ministry of
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Saudi Arabia: ZATCA sets criteria for 23rd wave of e-invoicing integration
ZATCA will require businesses with VAT revenues over SAR 750,000 from 2022–2024 to join the 23rd e-invoicing integration phase starting 27 June 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for selecting
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Argentina amends VAT receipt rules, defers fuel tax hike partially
General Resolution (RG) 5716/2025 modifies the VAT tax receipt issuance regime, while Decree 441/2025 defers scheduled tax increases on liquid fuels and carbon dioxide for 2024 and early 2025. Argentina has published the General Resolution (RG)
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Saudi Arabia announces e-invoicing integration criteria for group 23 taxpayers
ZATCA has set integration deadlines for Group 23 taxpayers—those with VAT-liable revenues above SAR 750,000 in 2022–2024—to connect their e-invoicing systems to the Fatoora platform between 1 January and 31 March 2026. The Saudi Zakat,
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Ukraine clarifies VAT rules for foreign currency advance payments
The tax authority clarified that VAT on advance payments in foreign currency for services to non-residents must be calculated using the previous working day’s official exchange rate. The State Tax Service of Ukraine has confirmed that VAT on
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Saudi Arabia extends tax penalty relief through 2025
Saudi Arabia has extended its tax penalty waiver initiative until 31 December 2025. The initiative offers relief from fines on late filings, payments, and e-invoicing violations. To qualify, taxpayers must submit outstanding returns and settle
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Poland: Parliament approves amendments to the CIT Act, VAT exemption threshold increase
Poland's Sejm approved amendments to the Corporate Income Tax Act and raised the VAT exemption threshold during sessions from 24-26 June 2025. Poland’s lower chamber of the parliament (Sejm) approved amendments to the Corporate Income Tax (CIT)
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