Slovak Republic: Parliament rejects higher VAT threshold bill
The Slovak Republic Parliament rejected a bill to amend the VAT Act on 15 April 2025. The proposal aimed to raise mandatory VAT registration thresholds for businesses from EUR 50,000 and EUR 62,500 to EUR 75,000. Earlier, the Slovak Republic
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Finland: Government approves 2026–29 fiscal plan, introduces corporate tax cut and extended loss carryforward
Finland's Ministry of Finance has announced that the Government has approved the General Government Fiscal Plan for 2026–2029 on 23 April 2025. The decisions aim to strengthen the foundation for economic growth while prioritising the security of
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Kazakhstan considers new tax code amendments, proposes sector-specific rates and VAT increase
Kazakhstan’s lower chamber of parliament is currently examining provisions of the new draft Tax Code, which received approval in its first reading on 9 April 2025. These provisions are based on the draft originally issued by the Ministry of
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Chile halts corporate tax cut, advances support for small businesses and tourism
Chile's Ministry of Finance released a statement on the first meeting of the High-Level Council for Strategic International Economic and Financial Policy, led by President Gabriel Boric. The release noted that income tax reform plans, including a
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Saudi Arabia: ZATCA publishes updated guide clarifying VAT Executive Regulations
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has published a VAT Guide, providing clarifications on amendments to the VAT Executive Regulations. The VAT Executive Regulations , which approved changes to the VAT implementing regulations,
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Taiwan raises VAT registration threshold for non-resident e-service providers
Taiwan’s Ministry of Finance issued Decree No. 11404515421 amending the VAT regulations for non-resident electronic service (e-service) providers on 7 April 2025. A key revision under the decree is the adjustment of the VAT registration threshold
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Netherlands scraps proposed VAT hike on sports, culture, media in 2025 Spring Memorandum
The Netherlands Ministry of Finance has released the Spring Memorandum 2025 on 18 April 2025, detailing budget adjustments and policy decisions, including tax measures. It confirms that the government is scrapping the planned VAT increase on
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Lithuania proposes CIT hike, additional tax measures from 2026
The Lithuanian Ministry of Finance has announced tax measures, on 16 April 2025, which propose raising the standard corporate income tax rate (CIT) from 16% to 17% and the reduced rate from 6% to 7%. The changes are expected to generate EUR 111.5
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Slovak Republic: President approves amendments to rental housing and VAT laws
The President of the Slovak Republic has signed the bill revising the Law on State Support for Rental Housing on 15 April 2025. This legislation also introduces amendments to the Value Added Tax (VAT) Law as it applies to rental housing within
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Chile sets new invoice rules for high-value goods sales to non-VAT taxpayers
Chile's Internal Revenue Service (SII) has issued Resolution No. 44 of 7 April 2025, setting new invoice rules for sales of goods to non-VAT taxpayers when the transaction amount exceeds 135 UF. The Unidad de Fomento (UF) is an index-linked unit
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Italy: Non-EU firms with tax representative must provide guarantee
Italy’s tax authorities issued implementation guidance (Regulation No. 178713/2025) on 15 April 2025, detailing the rules for the new guarantee required for certain nonresident entities registered for VAT in Italy through an Italian VAT
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Sri Lanka issues notice on VAT amendments
The Sri Lanka Inland Revenue Department released a public notice regarding the Value Added Tax (Amendment) Act No. 04 of 2025 on 17 April 2025. The Act was officially enacted on 11 April 2025. Notice to the Taxpayers Amendments to the Value
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Cyprus issues VAT rules for unredeemed expired vouchers
The Cyprus tax department issued Circular 3/2025 on 8 April 2025 to clarify value added tax (VAT) rules for unredeemed expired vouchers. The Circular focuses on single-purpose and multi-purpose vouchers. Single-purpose vouchers: VAT on
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Vietnam updates regulations on electronic invoices
Vietnam issued Decree 70/2025/ND-CP to amend regulations under Decree 123/2020/ND-CP on electronic invoices and related documents on 20 March 2025. The changes expand the scope of entities eligible to use electronic VAT invoices, including
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EU: VAT in the Digital Age (ViDA) Package goes into effect
The Council Directive (EU) 2025/516 for the EU's VAT in the Digital Age (ViDA) Package took effect on 14 April 2025, 20 days after its publication in the EU's Official Journal. The package introduces updates to the EU's VAT systems to align with
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Spain extends e-invoicing deadline, adds new exemption for third-party invoicing
Spain’s tax agency has published the Royal Decree 254/2025 in the Official State Gazette (BOE) on 2 April 2025. This Decree amends Royal Decree 1007/2023 of 5 December 2024, which sets the requirements for computer systems and programs used in
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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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