The UK government has initiated a 12-week public consultation to explore the standardisation and potential mandatory adoption of e-invoicing for B2B and B2G transactions. This initiative, led jointly by HM Revenue & Customs (HMRC) and the Department for Business and Trade (DBT), aims to gather

On 12th February, the EU Parliament delivered a decisive nod to the VAT in the Digital Age (ViDA) reforms. This landmark approval follows a November 2024 political agreement reached by Finance Ministers across member states. The reforms aim to modernise VAT administration, streamline digital reporting,

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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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