Senegal exempts VAT on agricultural equipment
Senegal has exempted specified agricultural equipment, facilities, and services from VAT under Joint Order No. 019972 of 17 July 2026, signed by the ministers responsible for finance and agriculture. The order is awaiting publication in the Official
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Poland: Sejm introduces new VAT warehousing regime, tightens abuse rules
Poland’s Sejm (lower house of the parliament) has enacted the draft law of 17 July 2026, which introduces a comprehensive set of amendments to the Polish VAT Act (the Act of 11 March 2004), encompassing the new VAT warehousing regime, compliance
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Denmark to cut VAT on food or exempt fruit, vegetables from 2028
The Danish government has agreed on a framework to reduce living costs, including food prices, by allocating DKK 6 billion annually from 2028. The funds will be used either to lower VAT on all food products or to provide a VAT exemption for fruit
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China introduces 2026 VAT reforms to support SMEs, agriculture
China’s Ministry of Finance and the State Taxation Administration have jointly released Announcement No. 10 of 2026 on 30 January 2026, introducing a comprehensive framework to ensure a "smooth transition" following the implementation of the
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Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
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Portugal: Parliament grants VAT relief for farmers affected by rural fires
Portugal approves six-month VAT exemption on animal feed for farmers in fire-affected areas. Portugal's parliament approved Law no. 57-A/2025 on 25 September 2025, amending Decree-Law no. 98-A/2025, to introduce a temporary VAT exemption on the
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Nigeria: President approves four new tax reform bills
The new legislation comprises the Nigeria Tax Act, the Nigeria Tax Administration Act, the National Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. Nigeria’s President Bola Tinubu has signed four major tax
See MorePortugal proposes several VAT measures in draft state budget law 2025
Portugal released the state budget law for 2025 (Law No. 26/XVI/1) on 10 October 2024, proposing various VAT measures. The draft Budget Law for 2025 proposes reduced corporate tax rates for companies and SMEs and revised personal income tax rates,
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Morocco: 2025 draft finance law introduces new tax rules for joint ventures and economic groups
Morocco’s Ministry of Finance released the draft Finance Law 2025 on 19 October 2024, proposing various measures for corporate income tax, focusing on taxing joint ventures and economic interest groups. Corporate tax rules change for joint
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Kazakhstan enacts VAT exemption for vehicle, machinery sales
Kazakhstan has enacted Law No. 119-VIII, effective from 21 July 2024, which provides a VAT exemption on the sale of eligible vehicles and agricultural machinery. This law, signed on 8 July 2024, stipulates that to qualify for the exemption,
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Ethiopia revises VAT exemptions
Ethiopia's Ministry of Finance has released Directive No. 1006/2024, which alters VAT exemptions across the country. Effective from 20 June, 2024, all goods and services previously exempt through various ministry directives or decisions will now
See MoreTanzania: Finance Minister presents Budget for 2020/21 to the Parliament
On 11 June 2020, the Finance Minister presents the Budget for 2020/21 to the National Assembly. The Minister indicated that the economic impact of the COVID-19 pandemic in Tanzania is not as severe as compared to other countries. This budget
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