Estonia: Parliament approves permanent tax increases, repeals security tax
Estonia will raise income tax and VAT rates from 2025–2026 under new legislation replacing the temporary 2% security tax with permanent measures. The Estonian parliament adopted the Act on Amendments to the Simplified Business Income Taxation
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Italy amends CFC rules, tax loss carry-forward provisions
The adopted tax measures include updates to controlled foreign company (CFC) rules and tax loss carry-forward provisions. Italy has published Decree No. 84 of 17 June 2025 in Official Gazette No. 138 on 17 June 2025, introducing changes to the
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Vietnam: National Assembly approves VAT rate reduction, expands scope
Vietnam’s National Assembly has approved an extension of the VAT reduction from 10% to 8% for certain goods and services until 31 December 2026, expanding coverage to include transport, logistics, and IT sectors. Vietnam’s National Assembly
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Poland: Government approves bill introducing mandatory e-invoicing
The Council of Ministers approved the bill introducing KSeF, aimed at simplifying document circulation, easing invoice handling for businesses, and reducing tax fraud. The Poland Council of Ministers adopted a draft law amending the VAT Act and
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Croatia to mandate B2B e-invoicing from 2026
E-invoicing will be mandatory for domestic B2B transactions. The Act takes effect on 1 September 2025, and the main e-invoicing requirements will start on 1 January 2026. Provisions for the new MIKROeRUKUN application for issuing, receiving, and
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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
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Mozambique restores VAT exemption on soap, sugar, and oilÂ
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
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Tanzania presents 2025-26 budget, introduces withholding tax and higher AMT
The budget speech highlighted key fiscal changes, which included a new withholding tax, higher alternative minimum tax, and VAT adjustments. Tanzania's Minister of Finance, Mwigulu Nchemba, has presented the 2025-26 Budget Speech to parliament on
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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
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Czech Republic announces VAT on compensation for stolen goods
The Czech tax authorities clarified that compensation for stolen goods is subject to VAT only if ownership rights are transferred and the compensation directly relates to the goods. The Czech Republic’s Coordination Committee of the Chamber of
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Philippines issues VAT filing guidelines for nonresident digital providers
The BIR has issued a form and related guidelines for nonresident digital service providers to file and pay VAT. The Philippines Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 52-2025 on 30 May 2025, introducing a
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Kenya: National Treasury publishes budget statement 2025-26, reduces corporate and digital tax ratesÂ
Kenya's National Treasury has released the 2025-26 Budget Statement on 12 June 2025. Kenya's National Treasury published the 2025-26 Budget Statement on 12 June 2025, outlining key tax measures aligning with proposals highlighted in the 2025
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Malaysia: IRBM grants e-invoicing exemption for revenue below MYR 500,000, defers for up to MYR 5 million
The IRBM announced that taxpayers with annual turnovers under MYR 500,000 are temporarily exempt from e-Invoicing. The Inland Revenue Board of Malaysia (IRBM) announced on 5 June 2025 that taxpayers with annual revenue below MYR 500,000 are
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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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