4% VAT increase to 16% 2026 proposal; new 10% reduced rate; and lower registration threshold Kazakhstan’s government has proposed three major changes to the VAT regime in the Tax Code
2026-30 National Revenue Agency launches Standard Audit File for Tax monthly transaction reporting On 18 February 2025, Bulgaria reconfirmed the launch of SAF-T reporting from 2026. It republished the implementing
6-month delay to Jan 2026 on MyInvois e-invoicing mandate for small businesses The Malaysian Finance Minister has announced a delay until 1 January 2026 for Phase 3 of mandatory e-invoicing
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
More countries experiment with removing VAT cash payments to combat fraud Many countries are again evaluating split payments: the Netherlands and even the UK are undergoing evaluations and pilots. The
Digital Certificate to replace paper version by 1 July 2032 The EU’s Council on 18 February 2025 adopted the proposed Electronic VAT Exemption Certificate. The EC made the proposal in
Increase in Intrastat Arrivals threshold from 1 January 2025 Portugal has increased its Intrastat Arrival reporting thresholds for 2025 as follows Arrivals: increased to €650,000 per annum from €600,000 Dispatches:
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
EC withdraws stalled proposal to pivot to destination-based VAT for intra-community goods transactions On 11 February 2025, the European Commission adopted its 2025 Work Programme which included confirmation that it
Increase in Intrastat Arrivals threshold from 1 January 2025 Germany has raised its Intrastat reporting thresholds for 2025 as follows Arrivals: increased to €3 million per annum from €800,000 Dispatches:
Cut to services vat registration threshold stripped out of Finance Act The 5 February 2025 Finance Bill has proposed reducing the services VAT registration threshold from €37,500 to €25,000 from
Implementation of VAT 2026-33 include full scale split payments measure to tackle fraud Brazil’s implementation of VAT starting 1st January 2026 introduces an innovative “intelligent split payment” system designed to
National Bureau for Revenue publishes B2B e-invoicing tender The Bahraini tax authority, The National Bureau for Revenue (NBR), is completing the design and build of a nation-wide B2B electronic invoicing
VAT is a neutral tax for businesses and cross-border trade; but does it offer discriminatory boost via fiscal devaluation? President Trump has Value Added Tax in his sights. On 13th
UK launches 13 Feb 2025 a 12-week consultation on e-invoicing & digital reporting; Proposal by Nov 2025 A combined UK HMRC and Department for Business & Trade has launched on
VAT automation products that simplify your international VAT determination, invoicing and reporting