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Here is our round-up of all the newest tax snippets from May 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world.
EU
The special arrangements that let marketplaces off the import VAT hook is ending in 2028 under new incentives to adopt IOSS.
Azerbaijan
Azerbaijan mandates cashless VAT payments for high-volume taxpayers and municipal collections. Taxpayers with taxable transactions over 200,000 manats in a month must make non-cash payments for settlements exceeding 2 percent of the previous month’s turnover.
Pakistan
The Federal Board of Revenue (FBR) in Pakistan has announced a one-month extension for taxpayers to integrate with the 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. system, adjusting deadlines for compliance.
Sri Lanka
Sri Lanka officials have announces from 1st October 2025, there will be a 18% VAT on digital services by non-resident providers.
France
France is to withdraw the existing quarterly VAT returns simplified option, Régime du Réel Simplifié, from 1 January 2027.
Japan
Japan’s 2026 Tax Reform Package will likely include a review of the JPY 10,000 Consumption Tax threshold on low-value consignments being imported to local consumers.
Bulgaria
The Bulgarian tax authority launched a consultation on the 5-year launch of Standard Audit File for Tax (SAF-TSAF-T (Standard Audit File for Tax) is a file type based on the XML standard. It is created in a standard readable format from data exports taken from accounting records. SAF-T is used internationally to ensure the fast and secure digital transfer of tax information. It is known for its high level of security, ability to simplify the collection of tax data and simple readability due to its standardised format.). The consultation covers: structure, form, content and method of submission.
Lithuania
Proposed rate change for accommodation, sport, culture and passenger transport in January 2026. Raising from 9% reduced rate to 12%.
Cambodia
Cambodia’s B2GCommerce between business to government. e-invoice, CamInvoice, was launched 12th May 2025. It is predicted for the B2B mandate to come into effect sometime in 2026.
Uruguay
Tourism VAT cut has been extended until 28th April 2026.
Eswatini
E-invoicing tender has been issued, with an aim for the project to go live 2028.
Worldwide
There have been several updates to e-invoicing mandates, including timelines and structure. Check out our full blog here.
