Regulatory Analysis
The Polish Ministry of Finance (MoF) has published documentation for a new publicly accessible API (Application Programming Interface) called KSeF Latarnia (“KSeF Lighthouse”), designed to provide real-time information on KSeF system availability. What is the KSeF Latarnia? Latarnia is a new component of the KSeF infrastructure that provides information about planned maintenance windows, standard KSeF […]
On January 13, 2026, Complementary Law No. 227/2026 was published, formally establishing the Management Committee of the Goods and Services Tax (CGIBS) and regulating key aspects of the governance, administration, and administrative tax litigation framework for IBS under Brazil’s Tax Reform. The new law represents a major structural milestone by moving IBS from a constitutional […]
The Brazilian Federal Government has introduced measures providing for the reduction of tax incentives established under federal tax legislation, with effect from 2026. The changes will impact a broad range of federal taxes and tax regimes, subject to the exceptions set out in complementary legislation. The reduction applies to the following taxes: PIS/Pasep contributions Cofins […]
Through Resolution No. 000392-2025/SUNAT, the use of the SIRE is postponed only to taxpayers who meet the following criteria: They are classified as main taxpayers as of December 31, 2024; Their net income for the taxable year 2024 is greater than $3,500,000.00 USD aprox. They are required to keep the Sales and Income Register and […]
The following documents have been updated: Complement Standard Complement Catalogs (XLS) Error matrix Filling instructions This documentation was published on the SAT Internet Portal on Wednesday, December 31, 2025, entering into force on Thursday, January 1, 2026. Portal de Trámites y Servicios del SAT
Following the postponement of VERI*FACTU deadlines approved in December 2025, Royal Decree-Law 16/2025 has introduced an extraordinary period for taxpayers to exit voluntary SII (Suministro Inmediato de Información) participation. The measure addresses the situation of businesses that opted into this system specifically to obtain exemption from VERI*FACTU requirements. Background: The VERI*FACTU-SII Connection A key provision […]
Lithuania is removing the reduced Value Added Tax (VAT) rate category of 9%, effective January 1, 2026. The change is found in Law XV-287 amending Article 19 of the VAT Law. Three categories of supplies that were subject to the 9% rate are now subject to 12%. The three categories are passenger services, accommodation services, […]
Pursuant to the Council of Ministers Decree No. 337/2025 published on November 21, 2025, Cyprus is extending the zero VAT rate on essential items including baby milk, baby and adult diapers, female hygiene products, fresh or chilled vegetables, and fresh fruits until December 31, 2026. The temporary zero-rate on essential items was previously set to […]
Ghana is enacting multiple changes to move the effective Value Added Tax (VAT) rate from 21.9% to 20%, starting January 1, 2026. Ghana is modifying its’ treatment of the National Health Insurance Levy and Ghanian Education Trust Fund Levy. Levy amounts paid on purchases will be deductible in the same manner as regular VAT payments […]
Slovakia is subjecting confectionary goods to the standard Value Added Tax (VAT) rate, beginning January 1, 2026. The reduction includes candy, ice cream, sugary drinks, and certain baked goods.
Russia is raising its Value Added Tax (VAT) rate from 20% to 22%, effective January 1, 2026. On November 28, 2025, the Russian president signed draft law No. 1026190-8, which is now referred to as Law No. 425-F3 (N 425-Ф3). The presidential signature is the final step before the law is published and takes effect.
Earlier this year Kazakhstan passed a new tax code which introduces several VAT changes from January 1, 2026. In particular the Kazakh VAT rate will increase from 12% to 16%. Additionally, the new tax code applies a 5% reduced rate to certain medical products and services until January 1, 2027, at which time the rate […]
Under the approved amendments, the new compliance deadlines are as follows: 1 January 2027: Mandatory compliance for taxpayers subject to Corporate Income Tax (Impuesto sobre Sociedades) 1 July 2027: Mandatory compliance for all other obligated taxpayers, including self-employed professionals and entrepreneurs subject to Personal Income Tax (IRPF) The deadline of 29 July 2025 for software […]
The Bizkaia Provincial Council (Diputación Foral de Bizkaia) has published Decreto Foral 100/2025 of 13 November, introducing changes to tax compliance obligations including new exemptions from TicketBAI requirements for certain entities. TicketBAI Exemptions for Non-Profits and Exempt Entities Effective 1 January 2026, entities with total or partial Corporate Income Tax exemptions and registered non-profit organisations […]
On 2 December 2025, the Spanish Government announced a further one-year postponement of the VERI*FACTU certified billing system deadlines. The measure was announced by President Pedro Sánchez during a radio interview on RAC1 and subsequently confirmed by Ministry of Finance (Hacienda) sources to press agencies. The postponement forms part of a Royal Decree-Law (Real Decreto-Ley) […]
The Polish Ministry of Finance has published errata to the informational brochures for JPK_KR_PD (Accounting Books) and JPK_ST_KR (Fixed Assets Records) structures. They clarify the taxpayer categories for the phased implementation of these reporting obligations. The key clarification specifies that the second implementation wave applies to taxpayers obliged to submit JPK_V7M files (monthly VAT filers), […]
The Greek Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE) announced yesterday through a joint press release that Phase 2 of the e-transport mandate will be postponed, with mandatory compliance now beginning May 1, 2026 instead of December 1, 2025. Businesses will have a five-month optional period from December […]
Sri Lanka has amended its Value Added Tax Act to require that services sold through an electronic platform by non-resident suppliers be subject to 18% VAT. Though this amendment was initially set to come into effect October 1, 2025, Sri Lanka has delayed the implementation until April 1, 2026.