VAT news & updates
across 150+ countries.

Slovakia will introduce mandatory domestic B2B e-invoicing from 1 January 2027, using a Peppol-based framework. The webinar outlined the phased implementation, technical requirements, and preparation steps for businesses.

Nigeria: The Nigeria Revenue Service has begun compliance monitoring for large taxpayers under the mandatory National E-Invoicing & Electronic Fiscal System (EFS). Businesses must complete onboarding, integration, validation, testing and invoice transmission by 31 July 2026 to meet the deadline.

Thailand’s Cabinet has approved a one-year extension of the 7% VAT rate from 1 October 2026 to 30 September 2027. The extension keeps the reduced rate at 7% (including local tax) for all sales of goods, services and imports, easing living costs and supporting economic stability.

Germany has announced a 26-point Tax Crime Action Plan that introduces real-time electronic VAT reporting, AI-driven data analysis and stricter sanctions. The plan also extends record retention to 15 years, requires mirror-server storage for third-country firms, and mandates registered cash-till systems in cash-intensive sectors.

Isle of Man: VAT on domestic electricity supplies will drop from 5% to 0% effective 1 October 2026. The change follows a similar reduction announced by the UK Government.

Vietnam has introduced Circular 84/2026/TT-BTC, standardising the VAT refund process for foreign visitors and overseas Vietnamese. The new system links customs and the tax authority’s electronic invoice platform, requiring businesses to meet strict electronic invoicing and data integrity standards. Foreign passengers must verify invoices and present goods for inspection at least 30 minutes before departure.

Philippines: The Bureau of Internal Revenue's RMC 59-2026 clarifies that nonresident digital service providers must register and file VAT returns even if transactions are VAT-exempt. This blanket registration requirement applies regardless of the P3 million threshold and could lead to suspension of operations for non-compliant providers.

Nigeria's National Revenue Service has begun monitoring compliance for large taxpayers under its e-invoicing mandate, with a deadline of 31 July 2026. Companies must achieve full compliance by that date or face regulatory sanctions.

Vietnam's Ministry of Finance introduces Circular 84/2026/TT-BTC to standardise VAT refunds for foreign visitors and overseas Vietnamese. The new circular supersedes earlier directives and establishes a direct link between the Customs Department and the tax authority’s electronic invoice system. It sets clear timelines for account issuance, bank licensing, and passenger inspection procedures.

Nigeria's Nigeria Revenue Service has announced that large taxpayers with an annual turnover of ₦5 billion and above must fully integrate the national e-invoicing system by 31 July 2026. The directive requires onboarding to the NRS Merchant Buyer Solution, ERP integration via approved access points, and real-time transmission of invoices with valid Invoice Reference Numbers, with non-compliance triggering enforcement actions.

The UK’s e-invoicing mandate will become mandatory for VAT-related B2B and B2G transactions from April 2029, requiring structured, machine-readable invoices. HMRC confirms existing VAT invoice requirements remain, but transmission and validation will change. Early preparation is advised to avoid data challenges and ensure compliance.

United Arab Emirates: The Federal Tax Authority issued Directive No. 5 of 2026 clarifying VAT valuation for deemed supplies of services. The directive requires taxpayers to value services based on direct and indirect costs, open market value, or estimated cost excluding profit.