Iceland: Government approves temporary reduced VAT on fuel
Iceland’s government has approved a package of emergency economic measures to curb inflation and mitigate the impact of soaring oil prices triggered by the conflict in the Persian Gulf region. The temporary interventions, set to run from 1 May
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Ecuador confirms VAT rules for processed foods
Ecuador’s Internal Revenue Service (SRI) has clarified that only foods in their natural state are eligible for the 0% VAT rate. Any food that has been processed, prepared, or transformed is subject to the standard 15% VAT. This includes fruit
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Korea (Rep.) expands temporary fuel tax cuts amid Middle East conflict
Korea (Rep.) will increase its temporary fuel tax reductions to ease costs amid the Middle East conflict, the finance ministry said Thursday 2 March 2026. Gasoline taxes will rise from a 7% cut to 15%, and diesel from 10% to 25%. The measure,
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Croatia gazettes reduced VAT rate extension for natural gas, heating
Croatia has gazetted the Law on the Amendment of the Value Added Tax Act on 27 March 2026. This law extends the application of the reduced VAT rate of 5% for natural gas, district heating, firewood, pellets, briquettes, and wood chips for an
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Spain cuts corporate, VAT, energy taxes under crisis response plan
Spain’s Tax Agency has issued a statement outlining the tax provisions of Royal Decree-Law 7/2026 on 20 March 2026. Published in the Official State Gazette on 21 March, the decree enacts the Comprehensive Response Plan to the Crisis in the Middle
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Poland temporarily cuts VAT, excise duty on fuel
Poland's Ministry of Finance has introduced emergency tax relief measures on 31 March 2026 to offset surging fuel costs triggered by the escalating conflict in the Middle East. The Finance and Economy Ministry announced a temporary VAT reduction
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Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
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Cambodia: MEF reduces VAT on gasoline, diesel until further notice
Cambodia’s Ministry of Economy and Finance (MEF) has announced a reduction in the Value Added Tax (VAT) rate on petroleum products, specifically regular gasoline and diesel, in a move aimed at easing the impact of rising international fuel prices
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France: Government extends reduced VAT for forestry sector until 2028
The French government has extended the reduced 10% VAT rate for certain forestry and fire prevention activities. Published on 25 March 2026, the update is included in Article 96 of the 2026 Finance Law (Law No. 2026-103) and in the official Bulletin
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Sweden gazettes temporary VAT cut on food, bottled water
Sweden has announced a temporary reduction in the value-added tax (VAT) on food and bottled water, lowering the rate from 12% to 6% from 1 April 2026 to 31 December 2027, as published in the Official Gazette on 3 March 2026. The move follows
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Philippines: Senate to reduce VAT rate
The Philippine Senate is reviewing draft Bill No. SBN-1916, known as the VAT Reduction Act, was introduced on 26 February 2026. The VAT Reduction Act proposes lowering the Value-Added Tax (VAT) in the Philippines from 12% to 10% to align with the
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Italy: Food supplements, medications subject to 10% reduced VAT rate
The Italian Revenue Agency has clarified on 4 March 2026 that certain medical products and food supplements qualify for a reduced VAT rate of 10%, but only after obtaining proper classification from the customs agency. Medical devices for wound
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Croatia extends reduced VAT rate on natural gas, heating
Croatia’s government has presented an amendment to the Value Added Tax (VAT) Act on 27 February 2026, extending the 5% reduced VAT rate on key energy products beyond 31 March 2026. Without this extension, energy prices would rise from 1 April
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Sweden: Parliament cuts VAT on food to support households
Sweden’s parliament (Riksdag) has approved the government’s proposal to temporarily reduce the value-added tax (VAT) rate on food from 12% to 6%. This announcement was made on 25 February 2026. The measure aims to ease household expenses
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Bolivia unveils major tax relief programme to ease business burden
The Bolivian government introduced the Transparency and Tax Relief Bill on 19 February 2026, marking a significant overhaul of the country's tax system aimed at helping entrepreneurs and businesses overcome crippling debts and administrative
See MoreEcuador temporarily lowers VAT on tourism services
Ecuadorian President Daniel Noboa has enacted Executive Decree 304 on 12 February 2026, temporarily lowering the Value Added Tax (VAT) rate from 15% to 8% during the Carnival holiday to encourage domestic tourism and support economic
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Czech Republic consults electronic sales recording reinstatement, tax measures for hospitality sector
The Czech Ministry of Finance has submitted a draft law for consultation that would introduce an updated electronic sales recording system (EET 2.0)Â from 1 January 2027. Drawing on experience from the previous system and reflecting advances in
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Zimbabwe introduces broad tax changes for 2026, including digital services tax, VAT, mining adjustments
Zimbabwe has introduced a range of tax measures in its National Budget for 2026, which were enacted through the Finance Act 2025 (Act No. 7 of 2025) on 29 December 2025. The Finance Act of 2025 introduces significant amendments to existing tax
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