- Several countries introduced new or revised VAT/GST systems and rates effective January 1, 2026, impacting cross-border businesses, digital service providers, and e-commerce sellers.
- Bhutan implemented a new GST system with a 5% rate, replacing its Sales Tax; Liberia increased its GST rate to 13% as a step toward a future VAT regime.
- Ghana restructured VAT, abolishing the COVID-19 levy and making NHIL and GETFund levies deductible, resulting in a combined tax burden of 20%.
- Zimbabwe and Malawi increased their standard VAT rates to 15.5% and 17.5%, respectively.
- Several EU countries adjusted VAT rates: Greece reduced rates for certain islands, Finland lowered its reduced VAT rate, Lithuania increased its reduced VAT rate, and other changes occurred in Portugal, Slovakia, Germany, and the Netherlands.
- These changes highlight the need for businesses to closely monitor and adapt to evolving indirect tax systems for compliance.
Source: vatabout.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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