Philippines: Senate to reduce VAT rate
The Philippine Senate is reviewing draft Bill No. SBN-1916, known as the VAT Reduction Act, was introduced on 26 February 2026. The VAT Reduction Act proposes lowering the Value-Added Tax (VAT) in the Philippines from 12% to 10% to align with the
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Italy: Food supplements, medications subject to 10% reduced VAT rate
The Italian Revenue Agency has clarified on 4 March 2026 that certain medical products and food supplements qualify for a reduced VAT rate of 10%, but only after obtaining proper classification from the customs agency. Medical devices for wound
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Belgium: Tax authorities announce VAT provision account to launch in May 2026
Belgium’s tax authority, the Federal Public Service Finance, announced on 4 March 2026 that Belgium will replace the existing VAT current account with a VAT provision account from 1 May 2026, as part of its tax modernisation initiative launched
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Sweden to cut VAT on dance events
The Swedish Government has submitted a bill to the Riksdag proposing a reduced VAT rate on admission to dance events, including dance band performances. The measure, announced in the 2026 Budget Bill, aims to promote dance and cultural activities
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France issues VAT guidance for cross-border distance sales
The French tax authorities released guidance detailing VAT rules for international commercial transactions on 4 March 2026. The guidance focuses on distance sales of imported goods delivered to consumers in France or other European Union
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South Africa revises income tax, capital gains tax, VAT thresholds in new draft legislation
The South African government has introduced the draft rates and monetary amounts and amendment of Revenue Laws Bill on 25 February 2026, outlining changes to tax legislation for the 2026/27 year. The Bill updates personal income tax brackets,
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Montenegro: Parliament revises VAT law
Montenegro’s parliament has approved amendments to the Value Added Tax Law, published in Official Gazette No. 12/2026 on 6 February 2026. From 1 April 2026, sales of construction land with a building permit will be subject to VAT. Foreign
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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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Romania updates tax registration forms and procedures to enhance digital services
Romania’s Ministry of Finance and the National Agency for Fiscal Administration (ANAF) have amended Order No. 1699/2021 to update taxpayer registration forms and procedures under Law No. 245/2025. Key changes include clarified instructions for
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Romania: Emergency Ordinance targets R&D, green tech, strategic investments
Romania has published Emergency Ordinance No. 8 of 24 February 2026 in the Official Gazette, which introduced a comprehensive package of fiscal and investment measures aimed at supporting economic recovery. Emergency Ordinance no. 8/2026
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Croatia extends reduced VAT rate on natural gas, heating
Croatia’s government has presented an amendment to the Value Added Tax (VAT) Act on 27 February 2026, extending the 5% reduced VAT rate on key energy products beyond 31 March 2026. Without this extension, energy prices would rise from 1 April
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Greece updates VAT rules on immovable property used for deductible, non-deductible activities
The Greek Public Revenue Authority (AADE) has issued Decision A. 1046 on 18 February 2026, introducing a specific method for the deduction of input VAT on immovable property used for both deductible and non-deductible activities. The decision covers
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Azerbaijan issues key updates to tax reforms, investment rules
Azerbaijan enacted Law No. 355-VIIQD on 23 February 2026, mandating tax registration for non-resident e-commerce operators. Businesses without permanent establishments must register electronically if their annual turnover exceeds USD 10,000 in
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Belgium updates rules for monthly, quarterly VAT returns
Belgium’s Ministry of Finance has released Circular 2026/C/32 on 17 February 2026, outlining updated rules for monthly and quarterly VAT filings. A major change involves standardising the eligibility for quarterly filings, removing lower
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UAE: MoF issues electronic invoicing guidelines
The UAE Ministry of Finance (MoF) has issued the Electronic Invoicing Guidelines (v1.0) on 23 February 2026, detailing the scope, operational framework, and phased rollout of mandatory e-invoicing. The system follows a Peppol five-corner model
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Sweden’s parliament (Riksdag) has approved the government’s proposal to temporarily reduce the value-added tax (VAT) rate on food from 12% to 6%. This announcement was made on 25 February 2026. The measure aims to ease household expenses
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Chile: SII waives VAT penalties, interest following technical disruptions
Chile's tax authority (SII) issued Resolution EX. SII No. 27 on 20 February 2026, which provides automatic forgiveness of interest charges and penalties for taxpayers affected by system outages. The SII's digital platform experienced technical
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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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