March 2026 Tax & Reg Watchpoint

Geopolitics is rapidly reshaping VAT and indirect tax rates. Countries across Europe, including Spain, Cyprus and Poland, and further afield in Vietnam, Cambodia, the Philippines, Zambia and Argentina, are introducing temporary indirect tax cuts to cushion the impact of ongoing conflicts. These reductions are typically focused on fuel, and in some cases food and other essentials. These VAT reductions have …

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