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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Saudi Arabia: Council of Ministers approves amendments to GCC unified VAT agreement
Saudi Arabia’s Council of Ministers has approved amendments to the GCC Unified VAT Agreement on covering cross-border supplies within the Gulf, VAT recovery mechanisms, import VAT collection, and the sharing of tax information between member state
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Chile: SII extends deadline to secure substitute 1.5% tax scheme for open-air market vendors
Chile's tax authority (SII) announced, on 12 June 2026, that it has extended the time for open-air market vendors to secure the permits they need to join a new simplified tax scheme. The move addresses implementation delays and gives informal
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Finland: Government cuts corporate tax in fiscal plan for 2027–2030
The Finnish government has announced the economic plan for the years 2027–2030 on 22 April 2026. Key measures include tax incentives for households and businesses, significant investments in infrastructure and housing, and a strategic focus on
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Sri Lanka removes VAT zero-rating on fabric imports, scraps CESS levy
Sri Lanka's Inland Revenue Department has announced on 8 April 2026 major changes to the tax treatment of fabric imports, effective 1 April 2026, which will impact both importers and local suppliers in the textile sector. VAT rate increases to
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Cyprus introduces temporary zero VAT on meat, fish
The Cyprus Ministry of Finance has announced on 31 March 2026 a temporary tax relief measure that will eliminate VAT on fresh meat and fish products for six months, effective 6 April 2026 through 30 September 2026. The tax exemption applies to
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Italy clarifies 10% VAT for waste transports despite 2025 budget changes
The Italian Revenue Agency has clarified, on 17 March 2026, that waste transportation services will continue to benefit from a reduced 10% VAT rate, even when transporting waste destined for landfills or incineration facilities without energy
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Mozambique enacts 2026 tax reforms, introduces VAT on digital services
Mozambique's President signed into law and ordered the official publication of the Economic and Social Plan and State Budget (PESOE) for 2026, along with a package of tax reform legislation on 29 December 2025. Effective from 1 January 2026, the
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Bangladesh: NBR clarifies VAT included in superstore retail prices, bans additional charges
Bangladesh’s National Board of Revenue (NBR) has clarified that superstores cannot charge consumers any additional Value Added Tax (VAT), as the tax is already included in the maximum retail price (MRP) printed on goods. The clarification was
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Poland sets 2026 thresholds for small-taxpayer regimes
Poland has announced the thresholds for several small-taxpayer regimes, including the reduced corporate tax rate, the simplified VAT scheme, the simplified flat-rate tax, and the investment incentive deduction for 2026. The new thresholds
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Colombia enacts several tax reforms amid economic emergency
Colombia’s government issued Legislative Decree No. 1474 on 29 December 2025, introducing several temporary tax measures to fund the national budget in response to the state of emergency declared earlier under Decree No. 1390 of 22 December
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Ecuador: SRI maintains existing VAT for 2026
Ecuador’s Internal Revenue Service (SRI) has confirmed that the standard VAT rate of 15% will remain in effect for 2026. Circular NAC-DGECCGC25-00000006, issued on 26 December 2025, specifies that the 15% rate, established under Executive
See MoreFinland: 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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Romania gazettes new VAT return form to reflect updated rates
The updated form with the new VAT rates will be required for the VAT return due on 25 September 2025. Romania’s government has published Order No. 2.131 of 2 September 2025 in the Official Gazette on 8 September 2025, approving the update to
See MoreColombia: 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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Belgium gazettes laws concerning participation exemption requirements, exit tax rules, and other tax reforms
The Belgian Chamber of Deputies approved the law on 17 July 2025. Belgium’s government has published the Programme Law of 18 July 2025 in the Official Gazette on 29 July 2025. The law introduces a new participation exemption requirement
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China expands VAT scope to include bond interest
Starting 8 August 2025, a 6% VAT will apply to interest income from newly issued treasury, local government, and financial bonds. China’s Ministry of Finance and State Taxation Administration issued Announcement No. 4 of 2025 on 31 July 2025,
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Romania gazettes application norms after VAT increase
Government Decision No. 602/2025 reflects the VAT rate increase effective 1 August 2025. Romania has published Government Decision No. 602/2025 (GD No. 602/2025) in the Official Gazette No. 715 on 31 July 2025. Government Decision No.
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