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© 2026 VATfaqs.com - Global VAT News

    Global VAT & Indirect Tax News

    Stay informed with daily updates from official sources worldwide. Curated for tax professionals.

    Aggregating from 50+ official sources across 150+ countries

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    Newsletter Digest

    Tuesday, 17 February 2026

    18 articles · about 12 hours ago

    Today's VAT news highlights key developments across the globe, including recent reductions and exemptions in various regions, such as Bangladesh's decreased VAT on LPG and Nigeria's removal of VAT on land, buildings, and rent. Meanwhile, businesses are being cautioned about the potential risks of delaying VAT compliance during system upgrades. These updates, along with the latest on Ireland's VAT modernisation regime and the release of the Global VAT Guide, underscore the importance of staying informed on evolving tax regulations.

    European Union

    The Hidden Complexity of Peppol Discovery: A Visual Deep-Dive

    Medium · about 2 hours ago

    This article explains the technical intricacies of the Peppol discovery process, detailing how participant identifiers are hashed and resolved via DNS to Service Metadata Publishers (SMPs). It highlights key components such as the Service Metadata Locator (SML), SMP metadata signing, and the lack of fallback routing, underscoring the importance of correct configuration for reliable e‑invoicing.

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    Ireland

    Irish Revenue Confirms What Constitutes a Large Corporate for Phase One of VAT Modernisation

    Meridian Global Services · about 4 hours ago

    Irish Revenue has clarified that for Phase One of its VAT Modernisation programme, a "large corporate" is defined by management by the Large Corporates Division rather than turnover. From 1 November 2028, all VAT‑registered businesses in Ireland must be able to receive structured e‑invoices, and those within scope must issue EN16931‑compliant e‑invoices and transmit data to Revenue. The programme introduces mandatory electronic invoicing and real‑time reporting for domestic B2B transactions.

    Lebanon

    Lebanon raises VAT, fuel prices while boosting public sector pay

    Middle East Online · about 6 hours ago

    Lebanon’s cabinet approved a one‑percentage‑point increase in VAT from 11% to 12% and raised the price of a 20‑litre petrol canister by 300,000 Lebanese pounds. The government also announced a pay rise for public sector workers and retirees, while abolishing a diesel levy and increasing customs fees on shipping containers.

    United Kingdom

    Lycamobile UK Loses Appeal in £50 Million Tax Case

    Bloomberg Tax · about 7 hours ago

    The Upper Tribunal ruled that Lycamobile UK must pay more than £50 million in VAT, requiring the operator to charge VAT on the full price of prepaid mobile bundles at the point of sale, rather than only on services actually used. The decision, dated 12 Feb 2026, overturns Lycamobile's previous VAT calculation method.

    Sweden

    Sweden VAT update 2027 OSS updates and VIDA

    VatCalc · about 7 hours ago

    Sweden is preparing to overhaul its One‑Stop Shop (OSS) and e‑commerce VAT rules effective 1 January 2027. The changes clarify deemed‑supplier status for platforms, tighten distance‑sales threshold conditions, redefine the interaction with the domestic threshold, expand the third‑country OSS regime, and refine input‑VAT deduction and refund regimes.

    Bangladesh

    NBR extends VAT return submission deadline by one week

    The Business Standard · about 11 hours ago

    Bangladesh's National Board of Revenue (NBR) has extended the deadline for filing online VAT returns for the January 2026 tax period by one week, until 22 February 2026. The extension was granted due to holidays and temporary disruptions to the e-challan system and VAT server. Taxpayers can now file through the e‑VAT system until the new deadline.

    Bangladesh

    Bangladesh government reduces VAT on LPG to stabilise price

    New Age · about 15 hours ago

    Bangladesh’s National Board of Revenue has revised the VAT structure on liquefied petroleum gas (LPG), removing the 7.5 % VAT at local production and trading stages and the 2 % advance tax at import. A uniform 7.5 % VAT will now be applied at the import stage, effective 16 February 2026 and set to remain until 30 June 2026. The change is expected to lower the overall VAT burden on consumers by roughly 20 %.

    Nigeria

    Nigeria Tax Act Removes VAT on Land, Buildings and Rent, Oyedele Says

    NigeriaInfo · about 16 hours ago

    Nigeria’s 2025 Tax Act removes VAT on land, completed buildings, and both residential and commercial rent, effective January 2026. The reform allows contractors to recover input VAT on construction materials and gives tenants rent relief up to ₦500,000, capped at 20 % of annual rent. Mortgage interest for owner‑occupied homes remains tax‑deductible.

    Global

    The hidden risk of delaying VAT compliance during an ERP upgrade

    Fintua · about 16 hours ago

    Delaying VAT compliance while upgrading to SAP S/4HANA exposes companies to rework, higher costs, and regulatory penalties. Early integration of VAT and e‑invoicing solutions can prevent errors, reduce audit risk, and accelerate time‑to‑value. The article warns that legacy SAP ERP systems will reach end‑of‑support in 2027, urging firms to embed compliance from day one.

    Ireland

    Large Corporates Within Scope for Phase One of Ireland's VAT Modernisation Regime

    McCann FitzGerald · about 24 hours ago

    Ireland's Revenue has confirmed that large corporates will be required to issue structured e‑invoices for domestic B2B transactions from 1 November 2028, as part of the phased rollout of the EU ViDa e‑invoicing and real‑time reporting initiative. The regime will expand to all cross‑border EU B2B transactions benefiting from 0% VAT in Phase Two (November 2029) and to all cross‑border B2B transactions under the EU directive from 1 July 2030.

    European Union

    Global VAT Guide: February 2026

    Fintua · about 24 hours ago

    The February 2026 Global VAT Guide provides a concise overview of recent VAT and e‑invoicing developments across Europe, the EU, Japan and Mexico. Key updates include Belgium’s new place‑of‑supply rules for virtual events, Croatia’s extended VAT return deadline, the Czech Republic’s InstatEvo transition, a temporary €3 customs duty on low‑value goods in the EU, and changes to Belgium’s federal tax payment BIC code.

    European Union

    VAT and intragroup transactions: important developments

    Grant Thornton · 1 day ago

    The article reviews recent EU Court of Justice rulings that clarify the VAT treatment of transfer‑pricing adjustments in intragroup transactions. It explains that payments calculated under OECD methods may be treated as VAT‑subjected remuneration for services, while unilateral profit allocations are generally outside VAT scope. The piece also highlights the pending Stellantis Portugal opinion and the need for businesses to document services and support evidence to secure VAT recoverability.

    European Union

    The Global Shift Toward Digital Transactional VAT Reporting: What the OECD’s Guidance Means for Businesses

    Meridian Global Services · 1 day ago

    The OECD’s 2026 report outlines guidance on Digital Continuous Transactional Reporting (DCTR), urging jurisdictions to adopt real‑time VAT transaction reporting and structured e‑invoicing. It highlights the EU’s ViDA initiative, slated for rollout by 2030, and the requirement for intra‑EU invoicing interoperability by 2035. Businesses are advised to modernise ERP and billing systems, improve data quality, and strengthen security to meet the forthcoming digital compliance landscape.

    European Union

    Financial services – how to tax them?

    LinkedIn Article by Rui Marques · 1 day ago

    The article discusses the EU’s longstanding VAT exemption for financial services, noting that the exemption was introduced in 1977 and remains in place across EU member states, Iceland, and the UK. It reviews the European Parliament’s February 2026 draft report, which calls for modernising the tax framework, highlights the 91 sector‑specific taxes that have emerged, and explores options such as abolishing the exemption for B2B services or differentiating between B2B and B2C. The piece underscores the hidden costs, market distortions, and competitiveness concerns that the current exemption creates.

    Bangladesh

    Online VAT returns submission deadline extended till Feb 22

    New Age · 1 day ago

    The National Board of Revenue (NBR) in Bangladesh has extended the deadline for filing online VAT returns via its e‑VAT system to 22 February 2026. The extension was granted to accommodate government holidays around Shab‑e‑Barat, a national election, and technical disruptions on 15 February. Taxpayers are urged to submit their January 2026 returns within the new period to avoid penalties.

    China

    China battery exporters test pricing power as VAT rebates are phased out

    Jiemian · 1 day ago

    China's Ministry of Finance announced a phased rollback of VAT export rebates for battery products, cutting the rebate from 9% to 6% from April 2026 to December 2026 and eliminating it entirely from January 2027. Photovoltaic product rebates will also be scrapped from April 2026. The move is expected to squeeze margins for exporters unless they can pass costs to overseas buyers, with industry experts forecasting gradual price increases of 2–3% for power batteries and 2–4% for energy storage batteries.

    China

    China lowers import value-added tax on 16 agricultural products including refined sunflower and rapeseed oils

    OFI International · 1 day ago

    China has lowered the import VAT on 16 agricultural products, including refined sunflower and rapeseed oils, from 13% to 9% effective 2 February 2026. A new tariff line 1512190010 was created for refined sunflower oil, and the change applies to a range of oils and fats. Products imported from the USA remain subject to retaliatory MFN tariffs.

    United Kingdom

    VAT Government and Public Bodies

    UK Government · 1 day ago

    This HMRC internal manual provides guidance on how VAT applies to local authorities and other government and public bodies in the UK. It covers various categories such as non‑business activities, police authorities, NHS capital projects, and local government partnership programmes. The manual serves as a reference for VAT compliance and exemptions for public sector entities.

    Germany

    Why Many E-Invoice Validators Fail

    TaxAndBytes · 1 day ago

    The post highlights that the German BMF letter dated 15 Oct 2025 requires e‑invoices to be fully and correctly validated for VAT recognition. It points out common validator shortcomings—such as incomplete EN 16931 checks, superficial VAT checks, and lack of audit‑proof documentation—and warns that many validators only verify the existence of data fields, allowing invoices with missing content to be accepted.

    Nigeria

    VAT removed on land, buildings, rent — Oyedele

    The Nation · 1 day ago

    Nigeria’s Tax Act 2025 has fully exempted land, buildings and rent from Value Added Tax, aiming to lower housing costs and stimulate real‑estate investment. The law also reduces construction withholding tax to 2 % and allows mortgage interest on owner‑occupied homes to be deducted. Additional reliefs include rent relief up to ₦500,000 and various tax incentives for small businesses and real‑estate investors.

    Newsletter Digest

    Thursday, 12 February 2026

    19 articles · 5 days ago

    Today's VAT news highlights key developments in Europe, APAC, and Africa, with a focus on e-invoicing implementation, VAT reforms, and customs duty updates. Sweden and South Africa are moving forward with domestic e-invoicing assessments and digital reporting reforms, while France reflects on its first 30 days of VAT reforms. Additionally, the EU Council has agreed on a flat rate customs duty for low-value e-commerce imports, and Thailand's VAT hike plans face potential political hurdles.

    Newsletter Digest

    Tuesday, 10 February 2026

    11 articles · 7 days ago

    Today's VAT news highlights key developments in Europe, the Middle East, and APAC, with a focus on clarified rules and regulations, including VAT refunds for non-EU individuals and leased housing modules. Additionally, expert tax advisory services are helping UAE businesses navigate complex compliance issues, while China has introduced measures to waive import duties and VAT on e-commerce export returns. These updates underscore the ongoing evolution of VAT policies and procedures globally.

    Newsletter Digest

    Thursday, 5 February 2026

    17 articles · 12 days ago

    Today's VAT news highlights key developments in international tax policies, including China's newly posted VAT and consumption tax policies for exports and cross-border services, as well as updates in Europe where countries such as France and Poland are refining their e-invoicing and VAT registration rules. Meanwhile, recent analyses suggest that certain companies, like China Mobile, may be less impacted by VAT hikes. These changes have significant implications for businesses operating globally, particularly in the APAC and European regions.

    Newsletter Digest

    Tuesday, 3 February 2026

    10 articles · 14 days ago

    In today's VAT news, developments in Europe take center stage, with Germany extending its VAT special advance payment deadline, HMRC outlining its stance on artificial intelligence in tax software, and a UK tribunal ruling in favor of VAT relief for a hair loss treatment. Meanwhile, outside of Europe, Colombia has suspended its VAT on gambling due to a state of emergency, and operators in China are expressing concerns over a potential VAT increase. These updates highlight the evolving landscape of VAT regulations globally.

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