Malaysia is implementing a Goods and Service Tax which is comparable to the European VAT system. The predominant issue within the EU remains the fight against VAT fraud. Switzerland, which is well-known for its entrepreneur-friendly VAT law, will shortly tighten its formal requirements. Italy, Romania and Kosovo, however, have, meanwhile, implemented provisions which offer some relief. Increases in VAT rates are about to come into force in Luxemburg and Portugal. Hence, VAT remains multifaceted in the various countries.