EU council approves draft directive holding foreign traders and platforms liable for import VAT
The EU Economic and Financial Affairs Council (ECOFIN) agreed on a draft directive on 13 May 2025, introducing new VAT rules for distance sales of imported goods and import VAT. The new rules seek to improve the VAT collection on imported goods
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Chile announces new VAT guidance for marketplaces and low-value goods
Chile’s tax authority (SII) has issued Circular No. 38/2025 and Circular No. 39/2025 on 30 April 2025, which implemented last year’s tax reform, including VAT marketplace rules, low-value goods rules, and marketplace compliance
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Philippines issues VAT guidelines for cross-border digital services
The Philippines Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 47-2025 on 9 May 2025, offering guidance through FAQs on applying VAT to cross-border digital services. The Circular also states that nonresident providers of
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Denmark: New digital bookkeeping rules for VAT-registered entities from January 2026
The Danish Business Authority announced new rules under the Danish Bookkeeping Act that require companies to use digital bookkeeping systems capable of handling e-invoices, starting 1 January 2025. From 1 January 2026, this will also apply to all
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Mozambique updates procedures for monthly VAT invoice reporting
Mozambique’s tax authority (MTA) announced on 27 March 2025 that VAT taxpayers must submit a certified monthly invoice data file via its electronic declaration website, starting May 2025. The VAT invoice file must include party details,
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Estonia considers raising personal and corporate income tax rates, scrapping temporary security tax
The Estonian government presented a draft bill ( 25-0475 ) to the parliament proposing permanent tax increases to replace the temporary 2% security tax on 9 May 2025. The draft bill, which amends relevant Acts, removes the planned 2% security tax
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Netherlands updates decree on VAT invoicing and administrative rules
The Netherlands State Secretary for Finance has published Decree No. 2025-115705 of 1 May 2025 in the Official Gazette No. 2025, 15981 on 8 May 2025. This new decree updates the regulations on VAT administrative and invoicing
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Nigeria: Senate approves tax reform bills, rejects 10% VAT proposal
Nigeria’s Senate passed the Revenue Service (Establishment) Bill and the Nigeria Tax Administration Bill on 7 May 2025 after they had been considered for third reading and passed by the Senate. The Senate passed both bills but rejected the
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Portugal extends VAT compliance deadlines due to tax portal disruptions
The Portuguese government has extended several VAT compliance deadlines under Order No. 78/2025 – XXIV on 6 May 2025, due to recent tax portal access issues caused by power outages in some EU countries and other network disruptions. The new
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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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UAE: Federal Tax Authority clarifies reverse charge rules for precious metals, gemstones
The UAE Federal Tax Authority has released Public Clarification VATP043 on 30 April 2025, which addresses the application of the reverse charge mechanism for Value Added Tax (VAT) on transactions involving precious metals and precious stones between
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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
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Saudi Arabia: ZATCA urges taxpayers to utilise fine exemption initiative again
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. ZATCA has clarified that the fines covered by the
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Russia suspends late filing VAT return filing penalties for business using simplified tax regime
Russia, on 25 April 2025, temporarily suspended penalties for late VAT return submissions in 2025 for businesses using the simplified tax regime who, from 2025, are required to calculate and pay VAT. Taxpayers using the simplified taxation system
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EU: VAT Committee releases 126th meeting minutes on e-invoicing, IOSS implementation
The European Union's Value Added Tax Committee, on 5 May 2025, released the non-public minutes of its 126th meeting from 21 March 2025. This session focused solely on implementing the VAT in the Digital Age (ViDA) package adopted by the Council of
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Costa Rica consults on digital tax compliance and cross-border VAT reporting
Costa Rica’s tax administration (DGT) has released two draft resolutions for public consultation. These initiatives are part of the country's digital transformation plan, aiming to simplify taxpayer interactions through the TRIBU-CR platform
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Costa Rica consults on new tax information reporting reforms
Costa Rica’s tax administration (DGT) has released six draft resolutions for public consultation to improve tax reporting, streamline electronic compliance, and update filing methods. The proposed resolutions focus on migrating reporting
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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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