UK: 
USA:
Here is our round-up of all the newest tax snippets from August 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world.
Romania
The Romanian Prime Minister reintroduced a standard VAT rate increase from 19% to 21% on 2 July, effective from 1 August 2025. This change is expected to generate RON 6 billion (approximately €1.2 billion) annually.
Philippines
Mandatory registration on the VAT Digital Services Portal and the Online Registration and Update System now in place from 1st August.
Indonesia
Cryptocurrency assets are now VAT exempt.
Saudi Arabia
18th wave of mandatory B2B e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. for taxpayers annual income between SAR 2.0 million and SAR 2.5 million.
China
China is extending the scope of its VAT to include interest income from a broad range of government and financial bonds, representing a major change in how financial services are taxed.
Italy
2025 budgets introduce an extension of the domestic reverse chargeWhen the Reverse Charge (mechanism) is in effect, the recipient of goods or services assumes responsibility for reporting both the purchase and the supplier’s sale in their VAT return. mechanism, removing the VAT element from invoice payments to help curb fraud.
Germany
Rules have been updated for businesses outside the EU looking to reclaim VAT on local expenses such as travel costs, accommodation, trade fair and exhibition expenses and German supplier invoices for goods and services. Key changes include submitting digitally, proof of business registration is still required and extended deadlines.
Fiji
Government has cut VAT to 12.5%.
Ghana
2025 updated budget confirms new 20% VAT rate with reintegration Education and Health levies into VAT.
Austria
As part of a broader trend toward fairer, gender-conscious tax policy in the EU, Austria is introducing a 0% VAT rate on feminine hygiene products and contraceptives.
