- Chile: The Chilean Congress approved a tax reform to modernize the tax system, including changes to VAT regulations affecting businesses.
- Montenegro: A new 15% reduced VAT rate will be introduced in 2025 to benefit specific economic sectors.
- Ecuador: A VAT cut on electric generators has been implemented to address the energy crisis and make generators more affordable.
- Philippines: Legislation now imposes VAT on digital services from non-resident entities to increase tax revenue and ensure fair competition.
- Portugal – Madeira: Madeira reduced its VAT rate to 4% to stimulate economic activity and lower living costs.
- …..
Source Innovate Tax
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