The Norwegian Parliament (Storting) has adopted its annual VAT resolution for the 2026 budget year, confirming that the general VAT rate will remain at 25% from 1 January 2026, alongside existing reduced rates. Read more

Malaysia’s Inland Revenue Board (IRBM) is strengthening e-invoicing validation rules by introducing stricter format, length, and code requirements for main invoice fields to improve data quality. Businesses must update their invoicing and ERP systems to avoid rejections, with the changes effective in Sandbox from 15 December 2025 and in Production from 9 January 2026. The updated rules impose form... Read more

Starting 1 January 2026, Romania will require all retailers and traders to accept card and electronic payments, making cash-only operations no longer permitted. Under Law No. 239/2025, the previous RON 50,000 cash-receipt threshold is abolished, obliging businesses of all sizes and sectors—including public institutions and utility providers—to accept debit, credit, prepaid cards, and other electronic payment methods. Read more

Starting 1 January 2026, Mexico will introduce stricter rules on digital receipts (CFDI), targeting false or fraudulent invoices and significantly increasing audit risk for retailers. Read more

Portugal has granted an exceptional extension allowing December 2025 invoices to be reported without penalties until 9 January 2026, instead of 5 January, for all taxable persons submitting data via certified invoicing software or SAF-T (PT). The Portuguese Secretary of State for Tax Affairs has issued Despacho No. 166/2025-XXV, granting an exceptional extension for the communication of invoices r... Read more

In Ghana, the Ministry of Finance plans to launch a national VAT Reward Scheme in 2026, encouraging consumers to demand receipts by automatically entering them into prize draws to boost VAT compliance. Read more

Turkey has confirmed that from January 1, 2026, all chargeable plastic bags must be sold at a fixed price of 1 TL per bag (tax included), with no free distribution, discounts, or price variations, including for online sales. The updated rules reinforce strict reporting, receipt disclosure, and enforcement obligations while maintaining specific exemptions as part of Turkey’s ongoing effort to reduc... Read more

From 1 January 2026, Italy introduces mandatory electronic storage and fiscal reporting for all EV charging transactions, requiring charging station operators and e-mobility service providers to record every charging session and prepare data for transmission to the Agenzia delle Entrate. Read more

Although mandatory B2B e-invoicing in Germany will only apply from 2027, businesses have been allowed to use e-invoices voluntarily since January 2025 and adoption is accelerating as 2026 approaches. As more suppliers switch early, companies operating in Germany already need to be technically ready to receive structured e-invoices to avoid compliance and operational disruptions. Although mandatory... Read more

Albania has approved new cash payment limits under its Fiscal Package 2026, which will enter into force by 1 January 2026 following publication in the Official Gazette. The reform lowers the B2B cash payment cap to ALL 100,000 and introduces a new ALL 500,000 ceiling for individuals and self-employed persons, with further guidance expected on enforcement and penalties. Albania has adopted new cash... Read more

For 2026, Romanian companies must comply with updated cash payment and receipt limits under Law no. 70/2015 as amended by Law 239/2025, which sets strict ceilings for cash transactions, prohibits splitting payments to bypass limits, and requires partial or full use of non-cash methods for higher-value invoices. The rules also cap the amount of cash that can be held in company cash registers and impose specific limits for transactions between companies and individuals, with loans generally required to be settled exclusively through non-cash payments. Read more

Serbia has amended its Law on Electronic Invoicing, adopted by the National Assembly of Serbia and published in the Official Gazette, extending e-invoicing obligations to specific retail transactions that were previously exempt. Read more

VAT in Vietnam is applied to goods and services, with rates of 0%, 5%, and 10% depending on the product category. A temporary reduction to 8% is enacted until December 31, 2026, except in certain sectors. Exemptions include agricultural products, items with low annual revenue, and specific services. Businesses must properly manage VAT rates to avoid penalties, file declarations monthly or quarterl... Read more

Switzerland is seeking feedback on VAT amendments: lowering the bundled services threshold from 70% to 55% for simplicity, and expanding the platform tax regime to electronic services, obligating platforms for VAT collection. Furthermore, a provision allowing alternative tax periods is withdrawn due to complexity. Feedback due by March 20, 2026. The Swiss Government is seeking feedback on two majo... Read more

Finland will reduce its reduced VAT rate from 14% to 13.5% as of 1 January 2026, subject to final presidential approval. The change applies to the same essential goods and services currently covered by the reduced rate and aims to support households and stimulate consumption, while requiring affected businesses to update their pricing and tax systems in line with forthcoming tax authority guidance... Read more

From 1 January 2026, Latvia will implement VAT reductions including a 5% rate for books and media in specified EU, OECD, and national languages, and a permanent 12% rate for fresh fruits and vegetables to support consumers and domestic culture. Additionally, a one-year pilot program (July 2026–June 2027) will reduce VAT from 21% to 12% on essential food items such as bread, milk, poultry, and egg... Read more