Turkey’s new 19‑article bill introduces a 0.3% transaction tax on crypto trades and a 20% special consumption tax on diamonds, while explicitly exempting crypto transactions from VAT. The proposal also removes certain tax deductions and adjusts other tax exemptions, marking a significant shift in the country’s fiscal framework.

Finance Minister Enoch Godongwana raised South Africa’s VAT registration threshold from R1 million to R2.3 million in the 2026 budget speech, easing compliance burdens for SMBs and encouraging digital growth. The move removes a key growth constraint and signals a broader push toward digitalisation and innovation.