Bulgaria ends restaurant VAT cut 2025
2025 budget ends COVID VAT cut to 9% for restaurant and catering services The Bulgarian 2025 budget has withdrawn the temporary reduced VAT rate of 9% on restaurant services from 1 January 2025. The measure was first introduced in July 2020. The cut also included
Montenegro new 15% reduced VAT rate 2025
Many supplies shifted to new, 15% reduced VAT rate from 1 Jan 2025 The Balkan country of Montenegro has gazetted changes to its reduced VAT rate regime. It has introduced a new 15% VAT rate in addition to the existing 7% rate. There is no
Saudi Arabia e-invoices (FATOORAH) penalty freeze
FATOORAH mandatory B2B e-invoicing penalty regime remains on hold Zakat, Tax and Customs Authority (ZATCA) has informed that it had decided to extend its Cancellation of Fines and Penalties initiative until 20 June 2025. This means all taxpayers in the 13 waves of the mandate
Finland reduced VAT rate rises Jan 2025
1st January 2025 Hotels, books, cultural, sport and other supplies rise to 14% rate The 14% and 10% reduced VAT rates will remain unchanged, but there will be a reclassifications announced last year as follows: From 10% to 14% Books (newspapers, journals or magazines remain
Amazon AVTR – solving the determination & reporting headache
Denmark VAT guide 2025
Guinea-Bissau implements VAT Jan 2025
1 January 2025 Value Added Tax replaced 19% Sales Tax The West African country of Guinea-Bissau confirmed in the circular the introduction of a Value Added Tax regime from January 2025. This replaces the 19% Sales Tax, Imposto Geral Sobre Vendas e Serviços. There is
EU 2025 VAT SME Scheme
2025 SME Special Scheme introduces pan-EU €100,000 VAT registration threshold to reduce foreign compliance burden for EU businesses From 1 January 2025, there is a new, optional €100,000 EU VAT registration threshold, enabling EU-resident businesses to sell in other EU states, declaring the sales as
Tunisia VAT 2025 changes
2025 Finance Law includes ranges of VAT rate changes and simplifications Tunisia has introduced the Finance Law for 2025, which implements several significant changes in indirect taxation. Key amendments regarding VAT are summarized below: Reduction of VAT on Low-Voltage Electricity for Domestic Use (Article 31):