- VAT Rate Changes: Several countries are implementing VAT rate adjustments, including Sweden reducing VAT on food and drinks, Vietnam extending a 0% VAT rate on fuels, the Bahamas applying 0% VAT to essential foods, and Liberia increasing its standard Goods and Services Tax rate.
- E-invoicing Mandates: Poland has launched the second wave of its mandatory KSeF B2B e-invoicing, Singapore is phasing in e-invoice data reporting for new GST entities, Bolivia has delayed further waves of its e-invoicing regime, and Germany has updated FAQs for its upcoming 2027 B2B e-invoicing mandate.
- New Taxes and Regulatory Updates: Gibraltar will introduce a 15% Transaction Tax on goods as part of a post-Brexit agreement, and Belgium’s grace period for e-invoicing penalties ended.
Source Innovate Tax
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