#vat
Value-added tax registration thresholds, simplified VAT regimes, input-VAT offsets, and VAT recordkeeping for businesses
Azerbaijan's 0% payroll holiday ended January 1, 2026: private-sector wages now face 3–14% progressive tax, while caterers pay 6% on card sales.
Bahamas VAT on unprepared food fell from 5% to 0% on April 1, 2026. Grocers must re-code SKUs into 0/5/10% buckets and keep claiming input tax.
Botswana charges 14% VAT on non-resident digital services from Oct 1, 2026, and reverse charge starts Aug 1. Thresholds, due dates and record rules explained.
Saint Lucia waives 100% of penalties and interest on tax arrears through 2025 if you pay the principal by December 2027. File first, then settle.
Sri Lanka dropped its planned Rs. 36M VAT threshold; registration still starts at Rs. 60M a year or Rs. 15M a quarter, and digital-services VAT took effect.
Uganda’s EFRIS now covers 12 sectors regardless of VAT status; a missed e-invoice costs double the tax due or UGX 200,000 — here is how to comply.
Cameroon's IGS taxes small businesses on turnover, not profit — 500,000 to 2,000,000 CFAF a year for 10M–50M CFAF turnover, paid quarterly.
Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.
Rwanda's April 2026 order taxes online goods and digital services at 18% VAT — foreign sellers must register with the RRA or banks withhold it.
South Korean sole proprietors under ₩104 million in prior-year sales file VAT on the simplified track — two filings a year, and no payment under ₩48 million.
Romania's RO e-Factura deadline is now five working days, and non-resident VAT-registered sellers are explicitly in scope — with 15% penalties on both sides.
Greece requires every small business to issue myDATA e-invoices from October 1, 2026 — declare your method and get the MARK stamp or face 50% VAT penalties.
