November 2025 International VAT Updates: Key Changes in Bhutan, Denmark, Ecuador, Greece, and Italy

• Bhutan: GST will replace the 7% Sales Tax with a 5% rate from January 1, 2026; essential goods remain exempt.
• Denmark: Proposed 2026 budget eliminates VAT on all books (printed, e-books, audiobooks) to promote reading.
• Ecuador: Temporary VAT reduction from 15% to 8% on tourism services during national holidays; applies to a wide range of tourism-related activities.
• Greece: Draft bill proposes a 30% VAT rate reduction for remote islands with populations under 20,000, effective January 1, 2026, if approved.
• Italy: Requested a three-year extension of the 40% input VAT deduction limit on certain motor vehicle expenses.

Source: fintua.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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