2025 Import Tax Updates

Released On 6th Nov 2024

For the most part, it is unusual for a country to change their import taxes and duties like VAT or GST. However, in 2025 some countries are implementing updates that may impact the cost of bringing your goods into these regions.

Below is a summary of the import tax and duty changes expected in 2025 across a few key countries. Please note that these are relevant to telecommunication products; we have excluded tax changes to products outside this scope.

Estonia

Estonia will implement their new standard VAT rate from 22% to 24% as of January 1st.

Malaysia

Service Tax Expansion: Starting May 1, 2025, a broader range of business-to-business services will fall under the service tax category, enhancing tax coverage across sectors.

Slovakia

A new VAT rate increase introduces a new standard VAT rate of 23% in Slovakia, which replaces the previous rate of 20%.

Israel

To help finance the ongoing military conflict in Israel and Gaza, Israel’s draft 2025 Budget Law has now been approved by its government, increasing VAT from 17% to 18%.

These taxation changes highlight a global shift in import tax policy as countries aim to balance revenue needs with environmental goals and industrial competitiveness. Should there be any further updates, we will of course update this blog.

If you have any questions about these changes, please contact us at iorsolutions@mouseandbear.com or call 01935 848526.