Chile: SII enlists foreign digital service providers subject to VAT withholding for 2026
Chile’s tax authority (SII) has issued Resolution No. 181 of 15 December 2025, which formalises the list of foreign digital service providers (DSPs) subject to value added tax (VAT) withholding for the upcoming calendar year. Chile has
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Iceland: Revenue and Customs announce corporate tax, VAT rates for 2026
Iceland’s tax authority, the Revenue and Customs, has released the key rates and amounts for 2026, detailing changes to corporate tax, VAT, and personal income tax. The rate changes are as follows: Corporate tax rate changes Income
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Portugal gazettes 2026 state budget law, updates income tax brackets
Portugal has gazetted the State Budget Law for 2026 (Law No. 73-A/2025) on 30 December 2025, introducing a series of fiscal recalibrations aimed at balancing social relief with targeted economic incentives. While maintaining several extraordinary
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Germany gazettesTax Amendment Act 2025, introduces individual tax relief, VAT cuts
Germany’s Tax Amendment Act 2025 was officially published in the Government Gazette on 23 December 2025, providing tax relief measures for individuals and other technical amendments to various tax laws. Income tax: Increase in commuter
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France gazettes special budget law for 2026, ensures uninterrupted functioning of government operations
France’s government has published Law No. 2025-1316 of 26 December 2025 in the Official Gazette on 27 December 2025, authorising the State to continue collecting existing taxes to ensure the uninterrupted functioning of government operations until
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Lithuania: VMI updates VAT guidance for financial services ahead of 2026 changes
Lithuania’s State Tax Inspectorate (VMI) has issued updated guidance on Article 28 of the Law on VAT, clarifying the application of VAT exemptions for financial services. The revisions introduce a new “technical/administrative services”
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Luxembourg implements 2026 Budget Bill
Luxembourg has enacted the 2026 budget bill following its adoption by parliament. The full budget bill was published in the Official Gazette on 19 December 2025. The government has finalised the Law of 19 December 2025, introducing targeted
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IMF: Revolutionizing Public Finance Operations through Digitalization
During the IMF/World Bank annual meetings in October 2025, a panel discussion was held on 17 October 2025 on digitalisation. The panel included representatives of the administrations of Finland, Brazil and Madagascar who outlined their efforts to
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UN: 31st Session of Committee of Experts on Tax Cooperation
The UN Committee of Experts on International Cooperation in Tax Matters held its 31st session from 21 to 24 October 2025. This was the first meeting of the new membership of 25 tax experts appointed for a four-year term from 2025 to 2029. The new
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Taiwan: MoF reminds businesses that prices must include VAT, uniform invoices are mandatory
Taiwan Northern Area National Taxation Bureau of the Ministry of Finance (MOF) stated that when business operators sell goods or services, the listed prices of taxable items must include value-added tax (VAT). Uniform Invoices must be issued in
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Germany: Bundesrat approves Tax Amendment Act 2025
The Federal Council (Bundesrat) approved the Tax Amendment Act 2025 (Steueränderungsgesetz 2025) on 19 December 2025, providing tax relief measures for individuals and other technical amendments to various tax laws. Income tax: Increase in
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UAE: MoF confirms cabinet approval of reverse charge VAT for scrap metal trade
UAE’s Ministry of Finance (“MoF”) has announced on 19 December 2025 the issuance of Cabinet Decision No. 153 of 2025 regarding the application of the reverse charge mechanism on trading of metal scrap between registrants in the UAE, effective
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Belgium announces VAT e-Invoicing measures from 2026
Belgium’s tax authority (SPF Finances) announced on 19 December 2025 that all Belgian companies subject to VAT must use electronic invoicing with each other from 1 January 2026. The draft law includes several measures concerning this mandatory
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Finland: Parliament adopts budget for 2026
Finland’s parliament concluded its deliberations and voting on the 2026 Budget on 19 December 2025. The key tax measures, including the reduced corporate tax rates and the 2026 income tax schedule, have been adopted. The single reading of the
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Italy: Revenue Agency issues guidance on cross-border VAT exemption for small businesses
Italy’s Revenue Agency issued the Circular No. 13 on 16 December 2025 on 17 December 2025, detailing the new cross-border exemption scheme for small businesses, introduced under Legislative Decree No. 180/2024, which implements changes to the EU
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Egypt unveils second tax facilitation package to ease procedures, boost compliance
The Egyptian Ministry of Finance announced a second tax facilitation package on 15 December 2025, aimed at simplifying tax procedures, expanding the tax base, and strengthening trust with taxpayers, investors, and the business community. The
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Greece: Parliament passes 2026 budget, includes PIT reliefs
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs
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Ireland: Tax authority clarifies VAT deductibility for insurance, reinsurance
Ireland’s tax authority has issued updated rules on VAT deductibility for insurance and reinsurance activities. The guidance, published in the Tax and Duty Manual, defines life insurance, non-life insurance, and reinsurance, and confirms that
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