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 More
Uganda presents 2025–26 budget, proposes income tax exemption for start-ups
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12
See More
Mozambique restores VAT exemption on soap, sugar, and oil
The VAT exemption will be effective from 30 May 2025 to 31 December 2025. Mozambique has published Law No. 3/2025 in the Official Gazette on 21 May 2025, amending the VAT Code to reintroduce a VAT exemption for soap, sugar, and cooking
See More
Philippines grants VAT exemption on medicines for major illnesses
Philippines announced a VAT exemption on medicines for cancer, diabetes, dialysis, hypertension, high cholesterol, and mental illnesses, effective 13 June 2025. The Philippines’ Department of Finance announced a VAT exemption for medicines
See More
Ireland releases updated EU VAT guidelines for small enterprises
Ireland issues new VAT guidelines for SMEs under EU scheme, exempting cross-border sales under EUR 100,000 from 2025. Ireland’s Revenue Commissioners published eBrief No. 113/2025 on 4 June 2025, providing new guidance on the EU VAT scheme for
See More
Saudi Arabia: ZATCA urges taxpayers to utilise fines and penalties waiver before June 2026
ZATCA extends deadline for penalty waivers, urging taxpayers to settle dues by 30 June 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged taxpayers on 2 June 2025. to leverage the “Cancellation of Fines and Exemption of
See More
Bangladesh: Interim Government announces 2025-26 national budget
The government’s growth forecast of 5.5% falls below the IMF’s estimate, signalling a shift away from chasing ambitious GDP targets and mega projects. The budget is set at BDT 7,90,000 crore, with a revenue budget of BDT 5,74,000
See More
Malta: MoF extends VAT exemptions for passenger transport services
MOF extended VAT exemptions under new rules issued in Legal Notice 88 of 2025. Malta's Minister for Finance (MoF) issued Legal Notice 88 of 2025 on 13 May 2025, amending the "Value Added Tax Act (Amendment of Fifth Schedule) Regulations, 2025"
See More
Poland: Council of Ministers adopts deregulation legislations
Poland's Ministry of Finance announced on 6 May 2025 that the Council of Ministers has adopted a number of draft laws that are part of the deregulation process. Draft corporate tax amendment act The proposal suggests removing the requirement
See More
Uruguay extends VAT relief for tourism sector
Uruguay published Decree No. 93/025 on 28 April 2025, extending the temporary value-added tax (VAT) reduction for certain tourism-related services until 30 April 2026. The measure continues the nine percentage point cut from the standard 22% VAT
See More
France delays VAT exemption threshold cut to 2026 after consultations
The French government has postponed the planned reduction of the domestic VAT exemption threshold for small businesses until 2026, following public consultations. The Finance Law for 2025 had originally set the new threshold at EUR 25,000 from 1
See More
Turkey extends VAT exemption for construction under incentive certificates
Turkey has extended a VAT exemption for construction activities in the manufacturing and tourism sectors, under Presidential Decision No. 9770 issued on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The
See More
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
See MoreMalta 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
See More
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
See More
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
See MoreNigeria 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
See More
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
See More