Author: Peter Nicholson

On February 4, 2025, the European Parliament approved significant updates to the Value Added Tax (VAT) regulations, aiming to modernise the system in line with the evolving digital economy. These reforms are designed to address the challenges posed by digitalisation and to create a more

Liberia is preparing to implement a Value Added Tax (VAT) system by January 2026, replacing its current Goods and Services Tax (GST). The proposed VAT rate is set at 18%, a significant increase from the existing 10% GST. The GST in Liberia is a single-stage

Here is our round-up of all the newest tax snippets from February 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Angola Angola has approved its 2025 budget, which includes a reduction in VAT for manufacturers from 14% to 7%

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Guinea-Bissau implemented a Value Added Tax (VAT) system on January 1, 2025, marking a significant shift in its taxation framework. This move aims to enhance tax revenue collection, promote tax justice, and ensure legal compliance, aligning the country with the harmonised model established by the

France and Germany are set to implement mandatory electronic invoicing (e-invoicing) and electronic reporting (e-reporting) for businesses, with significant developments in both countries marking a shift toward digital tax compliance. These measures aim to enhance tax compliance, streamline administrative processes, and align with broader European

Here is our round-up of all the newest tax snippets from January 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Algeria A temporary cut to VAT on tourism services from 19% to the reduced rate of 9% has been

The European Union (EU) VAT Gap, a key measure of the difference between expected VAT revenue and the amount actually collected, reached €89 billion in 2022. This marks an increase from the 2021 figure of €76 billion, reflecting ongoing challenges in VAT compliance across the

Here is our round-up of all the hottest tax snippets from December 2024 – featuring news of rate changes, regulatory updates and reclassifications. Bulgaria Bulgaria’s Parliament is reviewing a proposal to increase the VAT registration threshold. This is scheduled to take effect from 1 January