Targeted support for most needy to mediate regressive indirect tax Singapore is the latest jurisdiction to confirm a ‘GST Voucher’ scheme, which provides targeted welfare cash payouts to compensate the most-needy for the regressive nature of consumption taxes. This is similar to other schemes in
Switch from source to destination VAT; rise in tourism rate The Indian Ocean archipelago state of Maldives is switch the basis for determining where Goods and Services Tax (GST) is due and rising the tourism rate on 1 July 2025. Switching to Destination Principle GST
Mandatory e-invoicing 1 October 2026 The Moldavian Ministry of Finance has confirmed the launch schedule for its mandatory e-invoicing regime: H2 2025: start of regulatory and technical documentation Jan 2026: pilot phase Oct 2026: full mandate The mandate will be built around a new Directorate
Exactly 2 years after raising VAT, government cuts VAT 2.5% to 12.5% Fiji’s coalition government on 27 June announced it is cutting VAT from 15% to 12.5% from 1 August 2025. This is a reversal of the August 2023 increase. There will be no change
European Commission tax report: VAT Gap; anti-fraud measures; digital VAT mandates and AI The 2025 EU Annual Report on Taxation underscores the growing importance of robust indirect tax systems—particularly Value Added Tax (VAT)—amid shifting demographics, digitalisation, and persistent fiscal challenges. With governments facing increased spending
Jan 2026 5.5% sales tax on streaming platforms and extended to digital media On 23 June 2025, Maine confirmed into law LD 210, a USD 320 million supplemental budget that significantly reforms the state’s digital services sales tax framework. It extends the 5.5% state tax
Live e-invoice reporting to Federal Board of Revenue 1 July 2025 deadline The Pakistani Federal Board of Revenue (FBR) has delayed again by one month its e-invoicing mandate for corporate VAT registered businesses. From 1 July 2025, all major corporate taxpayers must have integrated their
European Commission urges Hungary to abolish Retail Tax The European Commission has issued a reasoned opinion to Hungary (INFR(2024)4022), urging it to align its retail tax regime with the freedom of establishment guaranteed under Articles 49 and 54 of the Treaty on the Functioning of
January 2027 proposed introduction of Goods and Services Tax plus in doubt A plan for the launch of 5% ‘GST-plus‘ to Guernsey and Alderney in 2027 are to be developed following the November 2024 rejection of imposing an income tax rise are rejected. The islands
Competition from EU states forces reduction from 22% VAT rate to 5% reduced rate Italy’s Council of Ministers on 20 June agreed cut the VAT rate on sales of art, antiques and collectors’ items sales from the standard 22% rate to the reduced 5% rate, responding
