Annual threshold for mandatory VAT registration rises to BGN 166,000 from 1 January 2025 The Bulgarian Parliament has resolved to reverse a 1 January rise in the country’s Value Added Tax registration threshold. It will return to BGN 100,000 from BGN 85,000 from 1 April
Input Tax Credits may only be claimed via ISD From 1 April 2025, the Indian government has made it mandatory for businesses to use the Input Service Distributor (ISD) mechanism to claim Input Tax Credit (ITC) under the Goods and Services Tax (GST) system. This
Voluntary pre-completed VAT returns based on VAT ledgers The Slovenian Financial Administration is to make available optional pre-completed VAT returns from 1 July 2025. These will be based on the new VAT Ledger reporting obligations. Follow our global list of pre-filled VAT return countries. eDavki
SEF e-invoicing to be used for mandatory pre-filled VAT returns January 2026 Serbia is to introduce pre-completed Value Added Tax returns from 1 January 2026. This is based on the 2025 Serbia via Sistem E-Fakturae e-invoicing mandate. Whilst mandatory, taxpayers retain the option to submit
Prime Minister calls for 8% rate (instead of 10%) to be extended from July 2025 into 2026 The Vietnamese Ministry of Finance is looking at a further prolongation of a 2% VAT cut to the standard rate from 10% to 8% for a number of
Talks talks progress on consolidating 12% & 5% Goods and Services Tax slabs India’s Finance Minister, Nirmala Sitharaman, has confirmed 8th March 2025 that talks started last September on rationalising Goods and Services Tax ‘slabs’ or rates are in their final stages. The aim is
Update to Polish VAT Act April 2025 Modifications to the Polish VAT Act have now been gazetted, ready to come into force from 1 April 2025. See our Polish VAT guide for further details The key changes introduced in the VAT Act include: An extension
Current 15% VAT rate may rise by up to 2% The Caribbean island nation of Dominica is considering a 1% or 2% rise in Value Added Tax. The government is looking at ways to fund a reduction or even full elimination of income tax. This
February 2025: 7% VAT in checkout on low-value consignments of goods imported to consumers From 18th February 2025, Thailand has introduced the obligation to charge VAT on low-value consignments of goods being imported directly to consumers. Any consignment at or below Baht 1,500 was VAT
2025 Budget imposes 10% VAT on digital services January 2025 The West African country of Burkina Faso has brought into the VAT net the provision of digital services by non-resident providers to local consumers. This measure is contained within the Budget and Finance Law, approved
