Global VAT & Indirect Tax News

On 1 January 2026, Dutch law introduces a five‑year revision regime for investment services on real estate. The regime applies to services costing €30,000 or more (excluding VAT) and requires annual testing of 20% of deducted VAT against actual use. It also mandates repayment or additional deduction when the property's use changes between taxable and exempt.

Brazil’s new Technical Notes mandate that invoices and payments be linked under the split payment framework, requiring integration between electronic tax documents (DF‑e) and payment data. The system will be tested from 6 April 2026 and go live on 4 May 2026, with XML and invoicing processes needing updates to include transaction data for automatic withholding of IBS and CBS.

The UAE has introduced a comprehensive e‑invoicing mandate under Cabinet Decision No. 100/2025, requiring all VAT‑registered businesses to issue structured electronic invoices in the PINT AE format via a 5‑corner DCTCE model. The phased rollout begins with a pilot in July 2026 for large enterprises, with subsequent deadlines for large taxpayers, SMEs, and government entities through 2027. Penalties range from AED 5,000 per month for non‑implementation to AED 100 per invoice, up to AED 5,000 per month.

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.