1st April 2025 non-resident sellers and marketplaces subject to 18% VAT on B2C digital and electronic services The South Asian island country of Sri Lanka is bringing forward reforms to Parliament for 1 April 2025. This includes bringing foreign providers of digital services to local
Congress reapproves Bill for new VAT regime; implementation 2026 to 2032 On 17 December 2024, the Brazilian lower house of parliament, Chamber of Deputies, approved some Senate changes to PEC 45/2019 which is now ready for the final stage, signature by the President. The Bill
Government issues decree to push last companies to adopt e-invoicing The Vietnamese Prime Minister, Phạm Minh Chính, has issued a directive to drive adoption of e-invoicing by the small proportion of businesses not yet compliant. The Directive (No 129/CD-TTg) addresses the issue that, although the
EU standards body, CEN, revising EN 16931 e-invoicing for ViDA Following the approval of the VAT in the Digital Age reforms, including 2030 intra-community e-invoicing, the European standards organisation, CEN, has started work to amend the EU standard on e-invoicing, EN 16931-1. A new version
Increase to €20,000 annual sales threshold for mandatory VAT registration in 2025 budget The Finnish Ministry of Finance is planning to raise the annual sales threshold for compulsory VAT registration. From 1 January 2025, it will rise from €15,000 to €20,000 per annum. The new
EU VAT Expert Group: broader tax base; single standard rate; limit distortive greening incentives; single VAT authority An informal working group of the EU VAT Expert Group (VEG) has presented on 13th December 2024 initial views of the modernisation of VAT, and reforms to develop
Paused: Reform Bill proposes VAT rise from 7.5% to 10% A Bill to raise immediately VAT by 2.5% to 10%, and then to 15% by 2027, has been put on pause by the Nigerian Senate on 4 December 2024. It will return to debate early
Early 2025 agreement on proposed March 2028 digitalisation of EU customs union; withdrawing VAT and customs import threshold EU closes on agreement on 3 strands of reforms to Customs Union and IOSS VAT The early 2025 Polish presidency of the Council of the EU is
2026-30 National Revenue Agency launches Standard Audit File for Tax monthly transaction reporting Bulgaria is preparing to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information between tax payers and authorities. The launch timetable is as follows: Jan 2026: large enterprises
