- Global Tax Developments: Various countries are enacting significant tax changes, including Angola’s reduction of VAT for manufacturers, Belgium’s planned introduction of a 3% Digital Services Tax by 2027, and Botswana’s implementation of VAT on non-resident digital services.
- E-Invoicing and Compliance Initiatives: Several nations, including Croatia and Greece, are moving towards mandatory e-invoicing for businesses, with Croatia set to enforce it from January 2026 and Greece from July 2025, while Egypt expands its e-receipt system for real-time tax reporting.
- Regulatory Adjustments and Relief Measures: Countries like France and Hungary are providing tax relief, with France suspending a VAT increase for micro-entrepreneurs and Hungary raising the VAT exemption threshold for small businesses, while New Jersey and Utah revise their economic nexus rules for remote sellers.
Source Innovate Tax
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