Poland issues updated guidance on e-invoicing system
Poland confirmed no changes to the National e-Invoicing System (KSeF) schedule and raised the VAT exemption to PLN 240,000 in its latest guidance on 30 May 2025. Poland’s Ministry of Finance has released additional guidance on the National
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Argentina launches streamlined pre-filled VAT return system
ARCA introduced a simplified VAT return system, IVA Simple, on 2 June 2025 to streamline VAT filing. Argentina’s tax authority (ARCA) introduced a new simplified VAT return system (IVA Simple) on 2 June 2025
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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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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
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Colombia issues tax refund certificates for exporters’ indirect taxes
Colombia provides tax refund certificates (CERT) to exporters for indirect taxes paid on goods and services, effective 30 May 2025. Colombia’s Ministry of Finance and Commerce, Industry, and Tourism introduced Decree 0566 on 28 May 2025,
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Belgium: Government proposes stricter participation exemption rules and exit tax extension
Belgium’s Chamber of Deputies is reviewing draft legislation by the government on 27 May 2025 to implement tax reforms proposed in the government policy note. Belgium’s Chamber of Deputies is reviewing a draft legislation presented by the
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Italy to abolish VAT split payment for FTSE MIB firms by July 2025
Italy has extended the VAT split payment system until 30 June 2026 for most public sector transactions. From 1 July 2025, FTSE MIB-listed companies must exit the regime and return to the standard VAT system. Italy has extended the VAT split
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UAE clarifies VAT obligations on imported services
The UAE’s FTA has clarified the VAT treatment of imported services in Public Clarification VATP044, confirming that taxable persons must account for output tax on such services and may recover input tax if conditions are met. The UAE Federal
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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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Italy: Council of Ministers approves draft code on registration and indirect taxes
Italy preliminarily approves decree consolidating registration and indirect taxes to simplify compliance, excluding VAT. The Italian Council of Ministers granted preliminary approval to a Legislative Decree consolidating the rules on
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Bangladesh to revise tariffs in fy 2025–26 budget ahead of LDC graduation
Bangladesh plans to reform its tariff structure in the FY2025–26 budget, reducing duties on medicines and industrial inputs while increasing them on select raw materials, ahead of its LDC transition in 2026. Bangladesh is preparing a tariff
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Peru considers temporary reduction of standard VAT rate
The reduced VAT rates will apply to natural and legal persons engaged in business activities across any productive sector and subject to VAT. The Peruvian Congress is reviewing Bill No. 11228/2024-CR, introduced on 19 May 2025, which proposes a
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Spain considers legislation to improve access to housing
This legislation urges the government to advance initiatives addressing housing challenges, ensure legal certainty, mobilise vacant homes, make housing more affordable, expand public housing, and increase social and affordable rental
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Denmark updates VAT deduction timing, effective from July 2025
Businesses may claim VAT deductions up to six months after the supplier’s invoice date, within the VAT return currently due. This removes the requirement to adjust deductions back to the VAT return covering the invoice date. Denmark’s
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Russia: Government proposes extension of 0% VAT rate for hotels, temporary lodging services
The proposed extension will continue the rate until 31 December 2030. The Russian Government announced plans to extend the 0% VAT rate on temporary accommodation services in hotels and other lodging facilities on 22 May 2025. The proposed
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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"
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France consults VAT treatment of art, antiques
France has launched a public consultation on new VAT rules for art, antiques and collectibles ahead of a reduced 5.5% rate which is set to take effect on 1 January 2025. France’s tax authorities have launched a public consultation on new VAT
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France updates VAT guidelines for composite supplies
France updates VAT rules to clarify taxation of mixed goods and services. The French Tax Authorities issued new administrative guidelines regarding the VAT treatment of composite supplies in transactions involving a mix of goods and services on
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