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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% to support economic growth and industrial development.
Belgium
Belgium plans to introduce a 3% Digital Services Tax (DST) by 2027, targeting large tech companies operating in the country.
Botswana
Botswana is set to introduce VAT on non-resident digital services, requiring foreign providers to register and collect tax on sales to local consumers.
Chad
Chad has extended VAT on digital services to include online platforms, requiring them to register and collect tax on transactions within the country.
Croatia
Croatia has confirmed that 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. will take effect from January 1, 2026, requiring businesses to comply with electronic invoicing rules as part of its National Recovery and Resilience Plan and alignment with EU digital tax regulations.
Egypt
Egypt has expanded its mandatory B2C e-receipt system to include additional taxpayers, requiring businesses selling goods and services to consumers to integrate their point-of-sale systems with the Egyptian Tax Authority’s portal for real-time tax reporting. The latest group of taxpayers was required to comply starting January 15, 2025.
EU
The European Parliament approved the VAT in the Digital Age (ViDAViDA or 'VAT in the Digital Age', is an EU initiative proposed by the European Commission that seeks to modernise and harmonise VAT processes for member states, by embracing new technologies. It is aimed at updating processes for the management of VAT, and reduce the VAT gap and fraud. The proposal also aims to address challenges in the area of VAT raised by the development of the platform economy.) reforms on February 12, 2025, following an agreement by EU Finance Ministers in November 2024. The reforms introduce single VAT registration from 2028, platform economyThe platform economy is built upon the growing tendency for businesses - especially retailers - to use digital platforms and marketplaces to sell goods or services. Such platforms are underpinned by computer systems and allow companies to more easily reach and connect with prospective consumers with the intention of completing sales. VAT rules from 2030, and mandatory e-invoicing and digital reporting for B2B transactions from July 2030.
France
The French government has suspended a planned VAT increase for micro-entrepreneurs, providing relief for small businesses that would have faced higher tax burdens.
Greece
Greece will implement mandatory B2B e-invoicing for resident taxable persons starting July 1, 2025, following authorisation from the European Commission. This measure aims to enhance VAT compliance and reporting through real-time data submission via the myDATA platform.
Hungary
Hungary has raised the VAT exemption threshold for small businesses from 12m HUF to 18m HUF, allowing more enterprises to operate without charging VAT and reducing administrative burdens.
Liberia
Liberia has reaffirmed its plan to introduce an 18% Value Added Tax regime in the 2025 Budget, replacing the existing 10% sales tax, GSTGoods and Services Tax.
New Jersey – USA
New Jersey and Utah plan to remove the 200-transaction threshold from their economic nexus rules, leaving only the $100,000 gross revenue threshold for remote sellers to determine sales tax obligations. This change aims to reduce compliance burdens for small sellers with numerous low-value transactions.
Pakistan
As of February 3, 2025, all major taxpayers in Pakistan must integrate their accounting and invoicing systems with the Federal Board of Revenue (FBR) as mandated by the 2024 Finance Bill.
Poland
Poland has obtained an extension of its exemption from the EU VAT Directive, allowing the imposition of withholding VAT, or split payments, on specific goods and services transactions.
Rwanda
Rwanda has reintroduced value-added tax (VAT) on hybrid vehicles to promote the adoption of pure electric mobility. This policy change aims to encourage consumers to choose fully electric vehicles over hybrids.
