- 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
Click on the logo to visit the website
Latest Posts in "World"
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- AI Revolutionizes Accounts Payable: Transforming Invoice-to-Pay Automation for Financial Efficiency
- Recent ECJ/General Court VAT Jurisprudence and Implications for EU Compliance (Jul–Aug 2025)
- E-Invoicing & E-Reporting developments in the news in week 34 & 35/2025
- Customs Valuation & Transfer Pricing: Insights from WCO Case Study 14.3 (Cost Plus Method)
