Rate Adjustments Across Regions:
- Bahamas halved VAT to 5% on essential goods like medicines and diapers.
- Finland and Sweden proposed temporary VAT reductions on food and bottled water.
- Germany plans to permanently reinstate the 7% reduced VAT rate for hospitality food sales starting January 2026.
- Slovakia will apply a 23% VAT rate to sugary and salty snacks from January 2026.
E-Invoicing and Regulatory Updates:
- Belgium formalized its structured e-invoicing framework via Royal Decree, building on prior legislation.
- Croatia and Mexico introduced reforms targeting digital platforms and real-time reporting.
- Tanzania confirmed delayed implementation of a new 16% reduced VAT rate.
Special Measures and New Proposals:
- Mexico proposed an excise tax on video games.
- Greece extended reduced VAT rates on select islands to ease living costs.
- Thailand postponed a planned VAT hike, maintaining the 7% rate until at least 2026.
Source Innovate Tax
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