- Major Reforms and E-Invoicing: The European Union will focus on system design for the VAT in the Digital Age (ViDA) reform, while Brazil enters a test phase for its new CBS and IBS tax system. E-invoicing becomes mandatory in several EU countries, including Belgium, Croatia, and France, with varying implementation timelines.
- Digital Economy Taxation: Countries worldwide are adapting their tax systems for digital services, with new VAT laws coming into effect in China, Sri Lanka, and Mauritius, among others. Canada’s Manitoba will expand its retail sales tax to cloud computing services, reflecting a trend towards taxing digital transactions.
- Customs and Low-Value Imports: The EU will eliminate the customs duty exemption for low-value goods under EUR 150, introducing a €3 customs duty from July 2026. Romania and Thailand are also implementing new taxes and duties on low-value imports, signaling a tightening of regulations in this area.
Source Aleksandra Bal
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