Sweden: Government proposes simplified business and capital taxation in 2026 budget
The proposed tax measures include business tax credits and simplified forestry and shipping rules, temporary VAT cuts and fraud controls, changes to excise taxes on alcohol and tobacco, permanent tax-free EV workplace charging, and reduced energy
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Finland: Government presents 2026 budget to parliament, proposes reduced corporate taxes
The 2026 budget proposal lowers corporate and CO2 fuel taxes while tightening crypto reporting, adjusting VAT, and raising taxes on vehicles, tobacco, alcohol, and soft drinks. Finland’s government has presented the 2026 budget proposal (HE
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Romania gazettes revised VAT reporting requirement
Order No. 2194/2025 has been issued approving the revised format of Romania’s Statement 394 for reporting goods, services, and acquisitions. Romania has published Order No. 2194/2025 in Official Gazette No. 852 of 17 September 2025. This
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Paraguay introduces tax incentives for electronics manufacturing, digital equipment
Paraguay’s Law No. 7546/2025 boosted investment and jobs in electronics and digital equipment. Paraguay has enacted Law No. 7546/2025, published on 8 September 2025 and effective from 9 September 2025, to promote investment and formal
See MoreSweden: Government considers reducing VAT on dance events in 2026 budget
The government plans to reduce the VAT rate for admission to dance events to 6% from the existing 25%. The Swedish government, in a press release on 13 September 2025, announced plans to lower the VAT rate for dance events as part of its 2026
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Thailand: Cabinet extends 7% VAT rate until September 2026
Normally, the VAT rate is 10% in Thailand, but it was reduced to 7% as part of economic measures after the 1997 financial crisis. The Thai Cabinet has extended the reduced VAT rate of 7% until 30 September 2026. This announcement was made by
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Russia proposes reduced VAT on essential goods
Russia proposes VAT cut on essential food items, children’s products, periodicals, and medical items. The Russian State Duma received draft law No. 1011590-8 on 8 September 2025, proposing a reduction of the value-added tax (VAT) rate from 10%
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Tanzania: TRA introduces 16% VAT on B2C online payments
The Tanzania Revenue Authority (TRA) has announced that a reduced VAT rate will apply to B2C online purchases made through banks or approved electronic payment platforms, effective 1 September 2025. TRA will implement a new VAT rate of 16%
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Colombia: MoF proposes major tax reforms for 2026 budget
The proposed 2026 budget legislation introduces significant reforms to corporate surtax, VAT, personal income tax, net wealth tax, and capital gains tax, with new tax rules for crypto-asset transactions. Colombia’s Ministry of Finance submitted
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Romania increases standard and reduced VAT rates, effective starting tomorrow
Starting 1 August 2025, Romania will unify the 5% and 9% VAT rates into a single 11% rate and raise the standard VAT rate from 19% to 21%. Effective from tomorrow, 1 August 2025, Romania’s reduced VAT rates of 5% and 9% have been unified and
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Kazakhstan adopts new tax code, introduces additional R&D tax deduction to 200%
The Tax Code, effective 1 January 2026, introduces a standard CIT rate of 20%, adjusted CIT rates for various sectors, a VAT increase from 12% to 16%, with various exemptions. Kazakhstan has introduced a new Tax Code, as per Law No. 214-VIII,
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Russia: Parliament proposes VAT reduction on food products
This proposed legislation aims to lower the VAT rate on certain food items from 10% to 5%. Russia’s parliament has proposed draft law No. 955850-8, which seeks to reduce the VAT rate on specific food products from 10% to 5%. The initiative aims
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Belgium extends 6% VAT rate for residential demolition and reconstruction pending legal implementation
Due to a delay in the approval of the reform law, the standard 21% VAT rate will apply from 1 July 2025, with a potential adjustment to 6% once the law is enacted. Belgium's Federal Public Service (SPF) Finance announced on 10 July 2025 that the
See MoreRomania 2025–28 tax reforms include increased VAT, dividend tax
The proposed draft bill aims to simplify VAT rates from three (19%, 9%, and 5%) to two, starting 1 August 2025. Romania’s government submitted an amended draft bill to parliament on 4 July 2025, proposing changes to the VAT provisions of the
See MoreTanzania enacts 2025-26 budget measures, includes new transfer pricing penalty
The measures will apply from 1 July 2025, unless otherwise specified. Tanzania's Finance Act 2025 was enacted on 30 June 2025, implementing tax measures from the 2025-26 Budget Speech with some adjustments to the initially announced
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Slovak Republic: Parliament rejects proposal to cut VAT rate
The bill aimed to cut VAT from 23% to 20%. The Slovak Republic parliament has turned down several bills, including measures to reduce VAT rates. The bill proposed lowering the standard VAT rate from 23% to 20%. This means the planned change,
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Poland: Parliament approves amendments to the CIT Act, VAT exemption threshold increase
Poland's Sejm approved amendments to the Corporate Income Tax Act and raised the VAT exemption threshold during sessions from 24-26 June 2025. Poland’s lower chamber of the parliament (Sejm) approved amendments to the Corporate Income Tax (CIT)
See MoreSlovak Republic: President signs DAC8, excise duty, and tax rate amendments
The President signs DAC8 bill, streamlines excise registration, standardises CNG/LNG tax, adjusts product tax rates, and cuts VAT on select goods. The Slovak Republic’s President has signed a bill amending the Act on Automatic Exchange of
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