Israel’s e‑invoicing mandate is expanding in 2026, lowering the invoice amount thresholds that trigger mandatory electronic invoicing. From 1 January 2026 invoices above 10,000 NIS must use the SHAAM allocation system, and from 1 June 2026 the threshold drops to 5,000 NIS. The ITA’s approach is based on invoice value rather than overall turnover, and suppliers must obtain and display an allocation number on each invoice.

The article explains the UK Cash Accounting for VAT scheme, which allows VAT-registered businesses to pay VAT only when they receive payment, aligning tax liability with cash flow. It highlights the £1.35 million projected turnover threshold, the scheme’s benefits and limitations, and ongoing discussions about raising the eligibility threshold.

Belgium will implement a new VAT rate structure from 1 March 2026, shifting take‑away meals and many leisure services to a 12% rate while raising the rate for furnished accommodation to 12% and moving plant protection products to the standard 21% rate. The changes also refine drink taxation in restaurants and preserve 6% rates for specific cultural performances.

The article explains the EU VAT Directive’s call‑off stock simplification, which exempts the transfer of goods between Member States from VAT when a single, predetermined customer is known. It contrasts this with consignment stock, which triggers a deemed intra‑Community supply and requires VAT registration in the destination country. Practical compliance requirements such as maintaining stock registers, submitting EC Sales List reports, and potential Intrastat reporting are also outlined.

The Italian Revenue Agency has released the 2026 VAT declaration forms and instructions for the 2025 tax year. The new forms, approved by Provvedimento 15/01/2026 n. 51732, introduce several structural changes and new fields. Taxpayers must submit the declaration electronically between 1 February and 30 April 2026.

South Korea’s National Tax Service has introduced a new filing requirement for VAT‑exempt business owners, including YouTubers, drivers, and delivery riders. All such owners must submit an annual business operation status report by February 10, 2025, and will receive mobile notifications starting on the 21st of the reporting month. The rule expands guidance to one‑person media creators and sets a 24 million won income threshold for certain personal service providers.

North Macedonia has introduced several VAT and e‑invoicing updates in late 2025 and early 2026. The VAT exemption for small‑value shipments is now limited to non‑commercial items, the 5% preferential rate for residential buildings is extended to 2028, and a pilot e‑invoice system (e‑Faktura) began on 5 January 2026. A new Top‑up Tax Rulebook was also published, aligning with OECD standards.

Bulgaria’s VAT reform, effective 1 January 2026, introduces a small‑enterprise regime allowing companies with turnover up to €51,130 domestically and €100,000 EU‑wide to operate VAT‑free across the EU, removes the reverse‑charge for goods assembled or installed in Bulgaria, and expands registration thresholds to include subsidies, packaging, transport and other charges, all expressed in euros following euro adoption.