South Africa enacts 2026 tax reforms, with corporate tax, VAT, fiscal law changes
The South African Revenue Service (SARS) has confirmed that three major Acts were promulgated on 1 April 2026, marking updates to the country’s tax and fiscal framework. The legislation includes the Rates and Monetary Amounts and Amendment of
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Bosnia and Herzegovina enacts mandatory e-invoicing
The Parliament of the Federation of Bosnia and Herzegovina (FBiH) has enacted the Law on Fiscalization of Transactions, effective 12 February 2026. The law requires real-time electronic reporting of B2G, B2B, and B2C transactions and will be
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Oman establishes international financial centre with competitive tax incentives
The Sultanate of Oman issued Royal Decree No. 8/2026 on 12 January 2026, establishing the International Financial Centre of Oman (IFC Oman). Effective 13 January 2026 upon its publication in the Official Gazette, IFC Oman will operate with legal
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Spain mandates e-invoicing for B2B transactions
The Spanish Tax Agency has published Royal Decree 238/2026 on 25 March 2026, in the Official State Gazette (BOE) on 31 March. The decree introduces mandatory electronic invoicing requirements for B2B transactions between businesses and professionals
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Bahrain: NBR revises VAT healthcare guide
Bahrain’s National Bureau for Revenue (NBR) has released Version 1.2 of its VAT Healthcare Guide on 31 March 2026. The guide explains how VAT applies to healthcare services, medical institutions, and medical products in Bahrain, and includes
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Malta to implement VAT, gaming tax reforms
The Malta Tax and Customs Administration (MTCA) and the Malta Gaming Authority (MGA) have informed stakeholders within the gaming sector of forthcoming enhancements to the Value Added Tax (VAT) and gaming tax frameworks under Maltese law, effective
See MoreMalta clarifies election for final income tax without imputation
Malta’s Tax and Customs Administration announced on 27 March 2026 that taxpayers opting for a final income tax without imputation must make the election through their income tax return. The authority confirmed that once exercised, the election
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Sri Lanka: IRD postpones implementation of VAT on non-resident e-services
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of Value Added Tax (VAT) on services supplied through electronic platforms by non-resident service
See MoreSri Lanka introduces new tax invoice format under VAT reform
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially
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Ghana mandates fiscal electronic devices (FEDs) under new VAT framework
Ghana has introduced the Value Added Tax Act, 2025 (Act 1151), replacing the previous VAT Act (Act 870) with a modernised framework that mandates the use of Fiscal Electronic Devices (FEDs) in VAT administration. Under the new legislation,
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Greece: AADE extends VAT transition deadlines for farmers with high subsidies
Greece’s Independent Authority for Public Revenue (AADE) has issued circular E.2014/2026 on 24 March 2026, providing guidance on submitting change-of-status declarations for farmers moving from the special VAT regime to the standard VAT regime
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Ukraine approves digital platform reporting rules, VAT on international parcels, new individual tax rate
Ukraine's Cabinet of Ministers approved three draft laws on 30 March 2026, introducing significant tax reforms. These changes aim to bring shadow economy activities into the formal sector, create fair competition, and generate revenue for post-war
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EU: Parliament considers EPPO, OLAF access to VAT data to tackle cross-border fraud
The European Parliament's Economic and Monetary Affairs Committee examined a proposal to grant the European Public Prosecutor's Office (EPPO) and the European Anti-Fraud Office (OLAF) enhanced access to VAT information across the EU. The initiative
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Angola extends January 2026 VAT declaration deadline
Angola’s tax administration (AGT) has announced an exceptional extension for submitting January's periodic VAT declarations on 14 March 2026. This follows after the tax authorities acknowledged the challenges taxpayers face with the newly
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Italy enacts emergency adjustments to specific provisions of 2026 Budget Law
Italy has gazetted Decree-Law No. 38 of 27 March 2026, effective from 28 March 2026, introducing several urgent tax measures that amend the 2026 Budget Law (Law No. 199 of 30 December 2025). It addresses multiple areas, including clarifications on
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UN Tax Committee Discusses Indirect Taxes
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for indirect taxes. The subcommittee on indirect taxes presented its planned workstreams for comment and approval. The subcommittee
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Mongolia announces broad tax reforms, cuts corporate tax to 15%
Mongolia’s government submitted a comprehensive tax reform package to Parliament on 30 December 2025, following extensive nationwide consultations with over 13,000 citizens and businesses throughout the year. The proposed amendments to
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Denmark consults adoption of Peppol BIS e-invoicing standard
Denmark’s Business Authority has opened a public consultation on a proposed strategy for e-invoice formats within Nemhandel, the country’s national e-invoicing infrastructure used by both the public and private sectors. The strategy document was
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