Starting 31 July 2026, a suite of tax and customs reforms will take effect, aiming to simplify the tax burden on small and medium‑sized enterprises, streamline customs procedures, and promote environmentally friendly practices. Key changes include the abolition of the carbon‑dioxide emission tax, an extension of the tax‑free allowance for certain small‑business categories, and the introduction of a reduced VAT rate for select green products.
Key Takeaways
- Effective Date: 31 July 2026
- Tax Reliefs: Expanded small‑business tax allowance, exemption from the CO₂ tax for qualifying companies, and a 5 % VAT reduction on approved eco‑friendly goods.
- Customs Simplification: Faster clearance for low‑value shipments, electronic pre‑declaration, and reduced documentation for intra‑EU transport.
- Compliance Obligations: Updated filing declarations, revised invoice structuring, and mandatory reporting of eco‑friendly product usage.
Enterprises are encouraged to recalculate their tax liabilities using the new allowances and to adjust accounting systems to accommodate the revised VAT rates. The government anticipates a measurable boost in investment, but cautions that mis‑application of the new rules may lead to penalties.
For detailed guidance, the NAV has published a series of sector‑specific manuals and interactive tools; stakeholders should consult these resources ahead of the implementation deadline.
Source: Read Original Announcement