EY reports that Gibraltar will introduce a Transaction Tax on goods from 10 April 2026, with rates rising from 15% to 16% and then aligning with the EU's lowest VAT rate. The new tax applies to imported or locally manufactured goods, exempting bunkering fuel, ship supplies, and non‑sale goods, while excise duties for tobacco, alcohol, and fuel will align with Spanish rates by 2029. Businesses and individuals will need to adjust pricing and compliance processes accordingly.
The Transaction Tax on goods in Gibraltar takes effect on 10 April 2026.
The TT starts at 15% in the first year, rises to 16% in the second year, and from the third year onward aligns with the lowest EU VAT rate of 17%.
Bunkering fuel, ship supplies, and goods not intended for sale in Gibraltar are exempt from the TT.
Get VAT and indirect tax news delivered to your inbox twice a week.
No spam. Unsubscribe anytime.
VatCalc · 34 minutes ago
Austria has increased its Intrastat reporting thresholds for 2026. From 1 January 2026, the arrivals threshold rises to €5 million per annum and the dispatch threshold to €1.2 million per annum. Statistical thresholds remain at €12 million for both arrivals and dispatches.
Le News · about 9 hours ago
The Swiss federal government plans to increase VAT by 0.8 percentage points over a decade (2028‑2038) to raise CHF 31 bn for defence. The proposal requires a constitutional amendment, a new armaments fund law, and a national referendum in summer 2027. Consultation ends in May, with only the Centre party supporting the measure.
Riksdagen · about 9 hours ago
Sweden’s Riksdag approved a temporary reduction of the VAT rate on food from 12% to 6% effective 1 April 2026, lasting until 31 December 2027. The change aims to support household finances during the period.
Fonoa · about 19 hours ago
France will enforce a comprehensive e‑invoicing and e‑reporting regime from 1 September 2026. Large and mid‑size enterprises must issue and receive electronic invoices immediately, while SMEs and micro‑enterprises will join the rollout in 2027. The reform covers domestic B2B, B2C, and cross‑border transactions, with special rules for overseas territories.
Forbes España · about 20 hours ago
Spanish business and professional associations have called for fiscal deductions to help companies and self-employed professionals implement the new electronic invoicing and Verifactu systems, which are set to become mandatory on 1 January 2027. They argue that without such incentives, 3.3 million SMEs and 3.4 million self-employed could face a collapse in the rollout. The request is an amendment to the Royal Decree Law that maintains the 2027 deadline while seeking tax relief.
Deloitte Belgium · about 20 hours ago
Belgium’s VAT chain reform introduces a new VAT provision account effective 1 May 2026, replacing the current account and changing account numbers. The summer regime for late filing will be abolished, and taxpayers can request historic VAT credits via MyMinfin. Key dates are 30 April 2026 for return submission and 1 May 2026 for the new account and credit transfer.
