September 2023 VAT Changes in Finland
- The Finnish Government included in its Draft Budget, published on 28 August 2023, increasing the VAT rate to 14% for goods and services currently subject to 10%, excluding newspapers and magazines.
September 2023 VAT Changes in Ireland
- On 31 August 2023, the Revenue updated its website. Despite the multiple calls from the affected sectors, from the 1 September 2023 Tourism and Hospitality are back to a 13.5% VAT rate.
September 2023 VAT Changes in Moldova
- The VAT rate for hotel and restaurant services will reduce from 20% to 8% from 1 January 2024.
September 2023 VAT Changes in Portugal
- As previously mentioned, Portugal was due to end the zero VAT rate that was applied to basic food items at the end of October 2023.
September 2023 VAT Changes in The Philippines
- On 2nd & 3rd August 2023, the House of Representatives approved and transmitted to the Senate Bill Nr. 8456 which brings a 0% VAT rate on the sales of natural gas.
September 2023 VAT Changes in Singapore
- As previously mentioned, Singapore will increase the GST rate again from 8% to 9% from 1 January 2023.
September 2023 VAT Changes in Thailand
- At present, the Thai government is considering whether to reintroduce the 10% VAT rate on 30 September 2023.
Source: taxbackinternational.com
