Brazil’s 2026-32 VAT implementation includes targeted “Cashback” relief for poorest Brazil’s 2026–2032 VAT reform introduces a targeted “Cashback” mechanism to address VAT’s regressive impact while preserving a broad tax base and largely uniform rates. Instead of relying on exemptions or reduced rates, Cashback delivers personalised VAT calculations
Member States move first on panels charge; EU €3 parcel duties from July 2026 Early movers: Romania goes live; Italy to pause; France agreement; Netherlands abandons proposal 12 Dec 2026 Update: an interim EU €3 Customs Levy has been agreed to come into force from
Report on policy and design considerations for VAT e-invoicing & e-reporting regimes On 10 January 2026, the OECD published its report Digital Continuous Transactional Reporting for Value Added Tax. The aims to promote efficient and globally interoperable e-invoicing and e-reporting regimes for efficient tax administration and
Brazil tax reform 2026 to 2032 – Federal Revenue Service issues compliance warning From 1 January 2026, Brazil’s indirect tax reform moves into its pilot implementation phase, embedding the new CBS (federal) and IBS (state/municipal) consumption taxes directly into electronic invoicing and day-to-day compliance. A
Live retail reporting of VAT transactions to cut fraud In an effort to close the VAT Gap of missing tax revenues many European countries have introduced VAT e-registers in traditional retail and online e-commerce. These provide real-time or batch automated reports to the tax authorities of
