- July 2023 VAT Changes in Costa Rica: Bill Nr. 23763 is proposing a reduction of the VAT rate for certain types of medical equipment such as dental equipment, radioactive, x-ray,…
- July 2023 VAT Changes in Cyprus: On 15 June 2023, the Council of Ministers decided to adopt a new VAT rate of 3% for certain goods.
- July 2023 VAT Changes in the Czech Republic: On 14 June 2023, the Czech Tax Authority published the draft of the new VAT Act combining the two reduced VAT rates (10% and 15%) into a single VAT rate of 12%.
- July 2023 VAT Changes in Estonia: On 19 June 2023, the Estonian Government adopted the VAT rate increase from 20% to 22%.
- July 2023 VAT Changes in Liechtenstein: Similar to Switzerland, the same VAT rate increase will happen in Liechtenstein. On 7 June 2023, the Government published in the National Law Gazette amendment of the VAT Act.
- July 2023 VAT Changes in Turkey: Presidential Decree No. 7346 was published on 7 July 2023. The Decree has announced the VAT rates in Turkey will change from 10 July 2023.
- July 2023 VAT Changes in Vietnam: As mentioned in our April newsletter, the Ministry of Finance proposed the VAT rate in Vietnam be reduced from 10% to 8% for the remainder of 2023.
Source: TaxbackInternational
