1 January 2025 Value Added Tax replaced 19% Sales Tax The West African country of Guinea-Bissau confirmed in the circular the introduction of a Value Added Tax regime from January
2025 SME Special Scheme introduces pan-EU €100,000 VAT registration threshold to reduce foreign compliance burden for EU businesses From 1 January 2025, there is a new, optional €100,000 EU VAT
1 January 2025 VAT increase from 20% to 23% 2025; new 19% reduced rate Slovakia has implemented a 3% VAT rise from 1 January 2025. In addition to the standard
2025 Finance Law includes ranges of VAT rate changes and simplifications Tunisia has introduced the Finance Law for 2025, which implements several significant changes in indirect taxation. Key amendments regarding
1st January 2025 mid-sized businesses mandated for MyInvois B2B and B2C e-invoicing From the start of 2025, the Malaysia Revenue Board (LHDN), has mandated taxpayers with annual turnover between MYR
1st January VAT rise to 12% but only on luxury goods The Indonesian government has increased the Value Added Tax rate from 11% to 12% from a January 2025 on
1st January 2025 1% VAT rise comes into effect Israel’s 2025 Budget Law included a 1% Vat rise from 17% to 18% from 1 January 2025. The VAT exemption for
Annual VAT registration thresholds and Intrastat dispatches & arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Separately,
2025 e-commerce tax proposal: rise from 2% to 3% The Turnover Tax on e-commerce in Uzbekistan is under proposal to rise in 2025 from 2% to 3%. The tax is
Finance Ministry says VAT rise may be necessary early 2025 The Romanian Minister of Finance has said the country is still trying to avoid a VAT rise, previously suggested by
Businesses subject to 3% DST must register by 31 Jan 2025 Businesses subject to the new Canadian Digital Services Tax must register Canadian Revenue Authority (CRA) by 31 January 2025.
India 55th Goods & Services Tax Council Meeting Summary of Recommendations The 55th GST Council – which oversees operations and reforms of the indirect tax – convened in Jaisalmer, Rajasthan, on
Intrastat arrivals report withdrawn Estonia Statistics, the official economic data body of the government, has provided an update on Intrastat reporting for 2025 Dispatches, reporting of goods leaving Estonia to
Dec 2024 Voluntary launch B2G of e-invoicing system Cambodia’s General Department of Digital Economy (GDDE) has launched on 12 December 2024 voluntary registrations for the central e-invoicing system for B2G.
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