The Council of the European Union has officially approved the ViDA (VAT in the Digital Age) reform package, marking a significant milestone in modernizing VAT regulations across the EU. This reform follows endorsements from the European Parliament (February 2025) and ECOFIN Finance Ministers (November 2024), laying the foundation for a streamlined, digital-first VAT system. 

On January 16, 2025, Brazil enacted Complementary Law No. 214, marking one of the most significant tax reforms in the country’s history. This law replaces Brazil’s highly complex consumption tax system with a dual VAT model, fundamentally changing how both domestic and foreign businesses are taxed.

For global businesses looking to expand operations or invest in emerging markets, understanding local tax frameworks is critical to ensuring compliance and optimizing financial strategies. One such framework worth exploring is Guyana’s Value-Added Tax Act (VAT Act), a cornerstone of the country’s taxation system. Enacted by the Parliament of Guyana and amended multiple times over the years (most recently in 2019), this legislation governs the imposition, administration, and collection of VAT across a variety of taxable supplies and imports. At TaxDo, we’re committed to helping you navigate complex tax regimes like this one or other countries—here’s everything you need to know about Guyana’s VAT Act and its implications for your business. 

Could mastering Europe’s 2025 VAT landscape save your business millions or sink it with costly missteps? Value-Added Tax (VAT) remains a cornerstone for firms navigating the continent’s $17 trillion economy, with the European Commission reporting a $586 billion tax haul in 2023 alone. As rates shift and compliance tightens—from Sweden’s transfer pricing woes to Ohio’s crypto tax breaks—businesses face a maze of rules. Are you poised to slash tax burdens or brace for penalties?

In December 2024, Spain enacted a series of tax reforms through the Royal Decree-Law 9/2024, which introduces crucial changes to the tax landscape for individuals, businesses, and various sectors starting from January 2025. Whether you are an international investor, a multinational corporation, or an individual with interests in Spain, understanding these changes is vital to ensure compliance and make the most of potential opportunities in Spain’s evolving tax system. 

As we step into 2025, businesses in Latvia face a shift in Latvia Value Added Tax (VAT) registration that could affect their tax obligations. This change is especially relevant for those reaching the €50,000 VAT registration threshold, which now includes more types of transactions. This means more businesses, including those outside traditional VAT-taxable activities, will need to comply with VAT registration requirements. If you’re operating in Latvia or doing cross-border business, these updated rules could affect your tax responsibilities. 

January 1, 2025, Poland introduced significant changes to its Value Added Tax (VAT) Act. These reforms are designed to make tax compliance easier, streamline processes, and bring Poland’s VAT regulations more in line with European Union (EU) standards. Whether you’re running a small local business or operating across EU borders, these changes will have a direct impact on how you handle VAT. Here’s everything you need to know to get ready! 

As businesses expand within the U.S. market, understanding the complexities of sales tax compliance has never been more critical. In 2025, companies will face ongoing challenges as states refine their tax policies, broaden their taxable bases, and streamline tax collection processes. Staying ahead of these changes is vital for maintaining compliance and operational efficiency. 

On December 25, 2024, China’s National People’s Congress Standing Committee passed a landmark piece of legislation—the Value-Added Tax (VAT) Law. Set to take effect on January 1, 2026, this new law will replace the existing Interim VAT Regulations that have governed China’s tax system for nearly three decades. It marks a significant step toward modernizing China’s tax framework, providing greater clarity and consistency for businesses, and supporting the country’s continued economic transformation.