Czech Republic: New VAT registration rules from January 2025
The Czech Republic’s tax authority (GFD) shared details on VAT payer status and registration after a VAT law amendment went into effect on 1 January 2025. Amendment set two annual turnover thresholds for mandatory VAT registration The key
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EU adopts VAT in the digital age (ViDA) package
The European Commission (EC) announced on 11 March 2025 that the VAT in the Digital Age (ViDA) package had been adopted following consultation with the European Parliament and would be rolled out progressively until January 2035. Upon entry into
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Malawi announces 2025-26 budget, cuts corporate tax for non-resident firms
Malawi's Minister of Finance Simplex Chithyola Band presented the 2025-26 Budget Statement on 28 February 2025. The budget, totaling MWK 8 trillion, aims to stabilise the economy in the face of sluggish GDP growth, soaring inflation, and mounting
See MoreOECD: Report on Simplified Peer Review of Iceland under BEPS Action 14
On 4 March 2025 the OECD issued a stage one simplified peer review report on Iceland under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute
See MoreOECD: Report on Simplified Peer Review of Peru under BEPS Action 14
On 4 March 2025 the OECD issued a stage one simplified peer review report on Peru under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute
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Poland extends reverse charge for gas, electricity, and greenhouse gas emissions transfers
Poland's Ministry of Finance has announced that the VAT reverse charge mechanism for transactions involving gas, electricity, and greenhouse gas emission allowance transfers will be extended to 31 December 2026. The mechanism was initially planned
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Slovenia to mandate e-invoicing for B2B transactions from 2027
Slovenia’s government has released a draft legislation to introduce mandatory electronic invoicing (e-invoicing) for B2B transactions on 11 February 2025. The Financial Administration of Slovenia (FURS) has proposed a major reform to combat VAT
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Lithuania considers increasing preferential VAT rate to 12%
Lithuanian Prime Minister Gintautas Paluckas has confirmed that the Government is considering increasing the preferential rate of value-added tax (VAT) from 9% to 12%. The 21% standard VAT rate and the 5% super-reduced rate will remain
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Thailand updates VAT input tax rules for exporting businesses
The Thai Revenue Department (TRD) issued Departmental Instruction No. Paw. 164/2568 on 5 February 2025, updating the input tax allocation process for businesses selling goods outside Thailand. This revision provides new guidelines for VAT
See MorePoland: EU Council extends VAT split payment system to February 2028
The EU has authorised Poland to extend its split payment system for VAT on 28 February 2025 under the Council Implementing Decision (EU) 2025/373 of 18 February 2025. The authorisation has been published in the EU's Official Journal on 28 February
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Finland drops plan to raise VAT on chocolates and candies
Finland's Ministry of Finance has announced that it will not move forward with the planned increase in the VAT rate on chocolates and candies from 14% to 25.5% on 1 June 2025. In addition, the Ministry is preparing a legislative amendment to
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Dominican Republic repeals digital services tax on foreign platforms
President of the Dominican Republic Luis Abinader issued Decree 30-25, which was published in Official Gazette No. 11186 on 25 January 2025. The decree required foreign digital platforms operating in the Dominican Republic to register with the
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Ecuador cuts VAT on tourism services for carnival holiday
Ecuadorian President Daniel Noboa has enacted Executive Decree No. 542 on 24 February 2025, temporarily lowering the Value Added Tax (VAT) rate to 8% for tourism-related services during the Carnival holiday period from 1 March to 4 March
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France postpones cut in VAT exemption threshold until June 2025
The French Ministry of Economy and Finance has announced that from 1 June 2025, a standard VAT exemption threshold of EUR 25,000 in turnover will apply to all businesses, replacing the current EUR 27,500 threshold. Sector-specific thresholds for
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Argentina: Withholding tax and VAT exemptions on imports ends on March 2025
Argentine tax authority (ARCA) has issued General Resolution (RG) 5655/2025 on 28 February 2025. Advance income tax (6%) and VAT (up to 20%) are usually collected on imported goods, though taxpayers can apply for an exclusion certificate to avoid
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Spain issues resolution on VAT rates for bread
The Spanish Directorate General of Taxes issued a resolution (BOE-A-2025-3950) regarding the VAT rates applied to bread on 24 February 2025. The resolution, which was published in the Official Gazette on 27 February 2025, clarifies the VAT
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UK: HMRC releases final evaluation report on making tax digital for VAT
The UK tax authority, His Majesty's Revenue and Customs (HMRC) has released a final evaluation report on the effects of Making Tax Digital for VAT on 27 February 2025. A final evaluation report summarising the main evidence and conclusions of HM
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Slovak Republic proposes VAT and fuel tax reductions
The Slovak Republic ’s Parliament reviewed proposals to amend VAT and excise tax rules on 15 January 2025. Key VAT changes include lowering the standard rate from 23% to 20% , expanding reduced VAT rate eligibility, and increasing the VAT
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