France updates guidance on VAT rate for cooling energy
France has clarified that the supply of cooling energy distributed through networks is subject to the reduced 5.5% rate of value added tax (VAT), following an amendment introduced by the Finance Law for 2026. The clarification was published on 26
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Hungary moves prescription medicines to 0% VAT from September 2026
Hungary has gazetted Act XL of 2026 amending the Value Added Tax Act (Act CXXVII of 2007) on 13 August 2026. The amendments reclassify prescription-only human medicines and officially compounded preparations (magistral formulas) from Annex 3. The
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Thailand extends reduced VAT rate until September 2027
Thailand has extended its reduced Value-Added Tax (VAT) rate of 6.3% for another year, from 1 October 2026 to 30 September 2027. Including the 0.7% local government allocation, the effective VAT rate remains 7% on sales of goods, provision of
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Poland temporarily cuts VAT rate on motor fuels to 8%Â
Poland’s Minister of Finance and Economy issued a regulation on 13 August 2026 temporarily reducing the VAT rate on certain motor fuels to 8%. The measure amends the Regulation of 9 December 2023 on reduced VAT rates and applies for two weeks,
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Bahrain: NBR updates VAT guide for financial services
Bahrain’s National Bureau for Revenue (NBR) has published VAT Financial Services Guide Version 1.4 on 3 August 2026. The latest version of the guide updates Section 10.4. Under Bahrain’s VAT rules, financial services are generally treated as
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Nigeria: NRS issues virtual asset tax framework, establishes income tax, VAT, and stamp duty obligations
The Nigeria Revenue Service (NRS) established a comprehensive framework in 2026 to regulate the taxation of virtual assets (VAs), including cryptocurrencies, stablecoins, and NFTs, through Guidelines on the Taxation of Virtual Assets ( Information
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Finland proposes corporate tax cuts in draft 2027 budget
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which
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Germany approves permanent 7% VAT for restaurant food
The German government has approved the Tax Amendment Act 2025 (Steueränderungsgesetz 2025), introducing a permanent 7% VAT rate for restaurant and catering food, excluding beverages, from 1 January 2026. The measure amends sec. 12 para. 2 no. 15
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Malta updates guidance on new fiscal receipt rules for Article 11 VAT-exempt SMEs
Malta’s Commissioner for Tax and Customs has released updated guidance on how small and medium enterprises registered under Article 11 must configure their fiscal cash registers to meet statutory receipt requirements. The Commissioner for Tax
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Senegal exempts VAT on agricultural equipmentÂ
Senegal has exempted specified agricultural equipment, facilities, and services from VAT under Joint Order No. 019972 of 17 July 2026, signed by the ministers responsible for finance and agriculture. The order is awaiting publication in the Official
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Thailand extends 7% VAT rate through 2027
Thailand's Cabinet has approved extending the reduced value-added tax rate of 7% for another year from 1 October 2026 to 30 September 2027 in a press release issued on 27 July 2026. The current reduced rate was set to expire on 30 September
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Kenya: KRA extends 8% VAT rate on fuel products through 14 October 2026
The Kenya Revenue Authority (KRA) has published the Value Added Tax (Amendment of Rate of Tax) Order 2026 on 14 July 2026, in which it extended the temporary VAT reduction from 16% to 8% on premium gasoline (motor spirit), illuminating kerosene, and
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Poland: Council of Ministers approve simplified VAT rules for trade, customs
Poland’s Council of Ministers approved draft amendments to the Goods and Services Tax Act on 21 July 2026. The changes target three pain points: redundant paperwork for importers, manual customs processes, and disagreements with tax authorities
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Kenya extends reduced VAT on petroleum products through mid-October 2026
Kenya’s government confirmed, on 14 July 2026, that it is keeping its reduced 8% value-added tax rate on petroleum products through mid-October, alongside a KES 945 million subsidy to stabilise pump prices in the July-August cycle. The
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Ireland reintroduces 9% VAT for food businesses, hairdressers
Ireland's Government has announced, on 30 June 2026, the reintroduction of the 9% VAT rate for food and catering services and hairdressing from 1 July 2026, delivering a commitment set out in the Programme for Government. According to the
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Spain cuts hydrocarbon tax rates, extends diesel aid through September 2026
The Spanish Tax Agency has announced the publication of Royal Decree-Law 18/2026 in the Official State Gazette (BOE), introducing tax measures under the Comprehensive Response Plan to the Crisis in the Middle East. The legislation, dated 29 June
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Uzbekistan introduces simplified VAT rate, tax reforms for small businesses
Uzbekistan has issued Presidential Decree No. UP-100 of 26 May 2026, which outlines a comprehensive reform package designed to modernise and simplify the tax environment for small businesses in Uzbekistan. Scheduled for implementation between
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UAE: FTA issues updated VAT guide on education sector services
The UAE Federal Tax Authority (FTA) has issued the Education Sector Value Added Tax Guide (VATGED1) on 29 June 2026, providing updated guidance on the application of Value Added Tax (VAT) to educational services, related goods and services, and
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