Hungary: Parliament proposes tax measures to ease business taxes
The Hungarian National Assembly is reviewing Bill T/13110, which aims to reduce the tax burden on businesses by introducing a range of changes to tax rules and thresholds. This legislative package, titled "Measures to Reduce the Tax Burden on
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EU launches infringement procedures against Belgium, France, Malta over small business VAT scheme
The European Commission has opened infringement procedures against Belgium, France, and Malta for failing to implement the IT systems required for the EU small business VAT scheme. The European Commission has urged Belgium, France, and Malta to
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Sri Lanka: Inland Revenue announces end of SVAT scheme
The Inland Revenue Department will repeal the SVAT Scheme from 1 October 2025, with September (monthly) and July (quarterly) being the last periods under SVAT, after which standard VAT rules apply. Sri Lanka’s Inland Revenue Department has
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Chile: SII provides clarification on new VAT Rules for low-value products purchased via remote sellers, online platforms
Ruling No. 1688-2025 states that DPIs selling low-value goods in Chile are not VAT taxpayers, must include all charges in the total price, and can reclaim excess VAT on returned goods after refunding the customer. Chile’s Tax Administration
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Romania: Government gazettes small business VAT scheme
The law raises the VAT exemption threshold for small businesses to RON 395,000, with the SME scheme ceasing once national or EU turnover exceeds EUR 100,000. Romania’s government has published Government Ordinance No. 22 (GO No. 22/2025) in
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Romania: Government proposes draft law to enforce small business VAT scheme
The draft law raises the VAT exemption threshold for small businesses to RON 395,000, with the SME scheme ceasing once national or EU turnover exceeds EUR 100,000. Romania’s government published a draft law for public consultation on 20
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Ghana announces new tax measures in 2025 mid-year budget, removes exemption on marine gas oil
The 2025 mid-year budget introduces tax reforms, removing marine gas oil tax exemptions for non-artisanal fishing fleets, enhancing the modified taxation system with digital tools, and simplifying VAT to reduce rates and exempt small
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EC urges several nations to fully implement VAT rates, SME scheme directive
The European Commission has urged several EU countries, including Cyprus, Belgium, Bulgaria, Greece, Spain, and Romania, to fully implement VAT-related directives and new SME VAT rules. The European Commission, in its July 2025 infringements
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Italy approves VAT reporting model form for small businesses
Italy's tax authorities have approved the quarterly form for qualifying taxable persons in Italy using the special VAT scheme for small enterprises in other EU Member States. The tax authorities outlined the guidelines in Protocol No.
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Ghana: 2025 budget to ease economic pressures on households, businesses
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, presented the 2025 Budget Statement and Economic Policy on 11 March 2025 outlining tax policies and proposals designed to restore fiscal discipline, boost revenue generation, and ease economic
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EU Commission issues January 2025 infringement package, highlights VAT concerns
The European Commission has published its Infringement Package for January 2025 – addressing VAT-related issues affecting multiple countries – on 31 January 2025. The Commission is sending a letter of formal notice to those Member States who
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Hungary to launch small business VAT regime in 2025
The Hungarian tax authority has issued a notice on 10 December 2024 regarding the new Small Enterprises (SME) VAT scheme for small businesses under Council Directive (EU) 2020/285. The SME will take effect on 1 January 2025. Under the new scheme,
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Slovenia enacts VAT law amendments to align with EU directive for small enterprises
Slovenia has enacted a bill amending its VAT Law on 12 December 2024. This legislation aligns the amended VAT law with two key EU directives: Council Directive (EU) 2020/285, which introduces special provisions for small enterprises, and the
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Czech Republic: Senate passes bill on VAT scheme for small enterprises
The Czech Senate (upper house of parliament) has passed the Bill on Amendments to the Value Added Tax Law on 11 December 2024, which amends the VAT Law to incorporate the Amending Directive to the VAT Directive (2020/285) of 18 February 2020
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Italy gazettes decree on VAT scheme for small businesses
Italy’s government has gazetted the Legislative decree No. 180/2024 in the Official Journal No. 281, on 30 November 2024, which implements the provisions of the Amending Directive to the VAT Directive (2020/285) and the Amending Directive to the
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European Commission clarifies VAT rules for small business scheme
The European Commission has released its Explanatory Notes detailing the upcoming changes to the EU VAT system concerning the special scheme for small enterprises. These changes stem from amendments made by the Amending Directive to the VAT
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EU issues new guidance on VAT for small businesses
European Commission, on 11 November 2024, released the Guide to the SME scheme and explanatory notes for the updated Small Enterprise Scheme (SME scheme), which will take effect on 1 January 2025. This guide aims to provide a better understanding
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UN Tax Committee: Indirect Tax Issues
On 18 October 2024 the subcommittee on indirect tax issues presented a series of papers on VAT guidance for developing countries. The papers had been presented to the Tax Committee for comment at the previous session and were now submitted in their
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