Author: Peter Nicholson

Here is our round-up of all the newest tax snippets from June 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Italy Italy is planning regulatory changes to permanently reduce VAT on works of art, antiques, and collectables—potentially aligning with

In a move to streamline its tax system and foster greater transparency, Zimbabwe has announced the modernisation of its VAT regime. This reform, anchored in the adoption of electronic invoicing, places Zimbabwe firmly on the path of aligning with international tax compliance standards. Why Zimbabwe

Effective 1st July 2025, Malaysia will implement a revised Sales and Services Tax (SST) framework aimed at enhancing fiscal sustainability and broadening the tax base. This move, part of the government’s Budget 2025 initiatives, seeks to increase revenue while minimising the impact on essential goods

The European Union (EU) and the United Arab Emirates (UAE) have officially launched negotiations for a free trade agreement (FTA), marking a significant step in strengthening economic ties between the two trading blocs. As talks progress, businesses involved in cross-border trade between the EU and

Saudi Arabia continues to lead VAT policy innovation within the Gulf Cooperation Council (GCC) as it refines its tax framework to support economic diversification. Since its introduction in 2018, Saudi Arabia’s VAT system has undergone rapid evolution, with the rate increasing to 15% in 2020,

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A long-standing debate finally settled? South Africa’s fiscal landscape is undergoing significant changes, with the government’s decision to incrementally increase the VAT rate over the next two years. As announced in Finance Minister Enoch Godongwana’s 2025 Budget Speech, the VAT rate will rise from the

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A Global Challenge in 2025 VAT and GST fraud continues to be a significant challenge for tax authorities worldwide. As fraudsters develop new schemes, governments respond with innovative solutions to close loopholes, improve compliance, and recover lost tax revenues. In 2025, several countries have introduced