Netherlands scraps proposed VAT hike on sports, culture, media in 2025 Spring Memorandum
The Netherlands Ministry of Finance has released the Spring Memorandum 2025 on 18 April 2025, detailing budget adjustments and policy decisions, including tax measures. It confirms that the government is scrapping the planned VAT increase on
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Malta issues guidance on VAT exemption for small enterprises
Malta’s Commissioner for Tax and Customs published new guidelines on the VAT exemption for small enterprises on 7 April 2025, following amendments introduced by Act XXXVIII of 2025. The guidelines clarify the application of the exemption
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Malawi: Parliament passes 2025-26 budget with corporate tax cut for permanent establishments
Malawi's Parliament approved the 2025-26 Budget on 26 March 2025, with several tax measures. The 2025-26 budget is estimated at MWK 8.08 trillion. The initial estimated MWK 8.5 trillion budget was adjusted before final approval. The main tax
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Kazakhstan expands VAT exemption list for vehicles, machinery, and components from April 2025
Kazakhstan's Ministry of Industry and Construction has expanded the list of vehicles, agricultural machinery, and related components exempt from VAT. The update, effective from 11 April 2025, adds 21 new categories, including items such as
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Nigeria lifts import duty, VAT on pharma raw materials
The Nigeria Customs Service in a press release on X on 26 March 2025 announced that a two-year exemption from import duty and VAT will apply to raw materials used in pharmaceutical production. This benefit is limited to pharmaceutical manufacturers
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Portugal adopts EU small business scheme for cross-border trade
Portugal has published Decree-Law No. 35/2025 of 24 March 2025 in the Official Gazette, introducing measures to align with EU VAT law for small businesses. The Decree includes the EU small business scheme for cross-border supplies under Council
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Cyprus offers VAT exemption to rental property owners
Cyprus’ Commissioner of Taxation published Circular 2/2025 on 24 March 2025, outlining guidelines for rental property owners who haven't opted to exempt their property from VAT. The circular is valid until 31 December 2025. In Cyprus, renting
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Ghana: Parliament passes 2025 budget measures
Ghana's Ministry of Finance announced that the Parliament approved several 2025 Budget measures on 26 March 2025. The passage of these bills marks a major leap for economic reform and a significant step in fulfilling the government’s commitment
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UN Tax Committee: Guidance on Indirect Taxes
At the meeting of the UN Tax Committee on 27 March 2025 the subcommittee dealing with indirect taxation matters put forward some potential issues that the next membership of the Tax Committee may wish to consider at future sessions. The
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Mongolia announces VAT reforms for 2025
Mongolia’s government is drafting a new VAT Bill for 2025, which was submitted to the parliament. The new VAT bill proposes a simplified VAT system, higher registration thresholds, and faster input VAT recovery. The government has also launched
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Malawi announces 2025-26 budget, cuts corporate tax for non-resident firms
Malawi's Minister of Finance Simplex Chithyola Band presented the 2025-26 Budget Statement on 28 February 2025. The budget, totaling MWK 8 trillion, aims to stabilise the economy in the face of sluggish GDP growth, soaring inflation, and mounting
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Thailand updates VAT input tax rules for exporting businesses
The Thai Revenue Department (TRD) issued Departmental Instruction No. Paw. 164/2568 on 5 February 2025, updating the input tax allocation process for businesses selling goods outside Thailand. This revision provides new guidelines for VAT
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France postpones cut in VAT exemption threshold until June 2025
The French Ministry of Economy and Finance has announced that from 1 June 2025, a standard VAT exemption threshold of EUR 25,000 in turnover will apply to all businesses, replacing the current EUR 27,500 threshold. Sector-specific thresholds for
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Argentina: Withholding tax and VAT exemptions on imports ends on March 2025
Argentine tax authority (ARCA) has issued General Resolution (RG) 5655/2025 on 28 February 2025. Advance income tax (6%) and VAT (up to 20%) are usually collected on imported goods, though taxpayers can apply for an exclusion certificate to avoid
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Kazakhstan expands VAT exemption list for imported goods
Kazakhstan issued Order No. 11-1-4/83 on 18 February 2025, amending the previous Order No. 140 from 27 February 2018, which outlines the list of imported goods exempt from VAT under investment contracts. The updated list has been expanded from
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Greece updates VAT exemption procedures for exports and intra-community deliveries
Greece has updated the VAT exemption procedures for exports and intra-community deliveries through Decision No. A 1154/2024 on 17 February 2025, published in the Official Gazette. The changes focus on improving compliance with current
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Romania: VAT exemptions for hospital supplies, changes to VAT deposit return system
Romania’s government has announced an extension of the value-added tax (VAT) exemption to include certain supplies provided to hospitals on 20 December 2024. Additionally, changes were made to the VAT regime for non-reusable primary packaging as
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Lithuania: VMI clarifies EU VAT scheme for small businesses
The Lithuanian State Tax Inspectorate (VMI) announced the publication of guidelines on how to become users of small business schemes for VAT exemptions in other EU member states on 21 January 2025. The rules are accessible through the VMI
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