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A new year means a raft of new VAT regulations; and nowhere is this more apparent than across the European Union (EU). Here are three new VAT mandates that either came into effect on 1st January 2025 or are due to be enacted in the

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

In a strategic move to cushion the effects of its upcoming VAT increase, Indonesia has announced a comprehensive economic policy package aimed at supporting businesses and protecting vulnerable sectors of the population. The initiative, disclosed by senior government officials, seeks to balance revenue generation with

Welcome to our Big VAT Quiz of the Year; your chance to test your knowledge of all the news and updates from the indirect tax industry in 2024. From rate changes to regulatory revolution – not to mention a number of bizarre rulings – it’s

Here is our round-up of 25 of the VAT headline changes you need to know for next year: Germany: Effective January 1, 2025, Germany will reduce the VAT rate on art sales to 7%, covering items such as paintings, sculptures, and photography purchased from galleries