Malta updates guidance on new fiscal receipt rules for Article 11 VAT-exempt SMEs
Malta’s Commissioner for Tax and Customs has released updated guidance on how small and medium enterprises registered under Article 11 must configure their fiscal cash registers to meet statutory receipt requirements. The Commissioner for Tax
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Russia: MoF proposes tax changes to ease SME transition in 2026
The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the
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Egypt: MoF implements tax incentives for small enterprises
The Egyptian Ministry of Finance has issued Decision No. 420 of 2025, providing tax incentives for small businesses with annual revenues up to 15 million EGP under Law No. 6 of 2025. Businesses can apply for these benefits or opt out after five
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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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Bulgaria implements VAT regime for small businesses, updates registration rules
Bulgaria has implemented new rules to support small businesses and align with the European Union (EU) VAT law. The changes, effective 1 January 2026, are part of the Law on Amendments and Supplements to the Value Added Tax Act to the Bulgarian Value
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Italy: Revenue Agency issues guidance on cross-border VAT exemption for small businesses
Italy’s Revenue Agency issued the Circular No. 13 on 16 December 2025 on 17 December 2025, detailing the new cross-border exemption scheme for small businesses, introduced under Legislative Decree No. 180/2024, which implements changes to the EU
See MoreItaly: Revenue Agency issues regulatory guidelines for cross-border VAT exemption applicants
The Italian Revenue Agency, through the measure issued on 10 December 2025, has defined the procedures for verifying compliance by entities intending to apply the special cross-border VAT exemption regime. The measure follows the implementation,
See MoreItaly: Revenue Agency updated VAT exemption for SMEs across EU borders
Italy’s Revenue Agency has introduced an important update to the VAT exemption scheme for small businesses operating across EU borders on 4 December 2025. Under the revised rules, the 35-working-day period for assigning the “EX”
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Hungary: Parliament proposes tax measures to ease business taxes
The Hungarian National Assembly is reviewing Bill T/13110, which aims to reduce the tax burden on businesses by introducing a range of changes to tax rules and thresholds. This legislative package, titled "Measures to Reduce the Tax Burden on
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Belgium: Chamber of Deputies approve participation exemption changes, exit tax rules, other tax reforms
From 2026, Belgium's tax changes include stricter participation exemption rules, exit tax on cross-border reorganisations, a permanent 6% VAT for residential demolition/reconstruction, and higher VAT on coal and fossil fuel boilers. The Belgian
See MoreHungary updates tax rates on retail, financial entities, and insurance sectors
Act LIV of 2025 introduces updated tax rates, increased VAT thresholds, and new regulations across retail, financial, insurance, and energy sectors, along with enhanced R&D deductions. Hungary has published Act LIV of 2025 in the Official
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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
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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
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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
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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
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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
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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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