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Highlights
- Laos Restores 10% VAT Rate
- Finnish Government to Increase Standard VAT Rate to 25.5% by 2024, Second Highest in EU
- Brazil’s Future VAT Rate: Government Aims for 26.5% Average with Tax Reform Proposal
- Cyprus Extends Zero VAT Rate on Basic Goods, Meats, and Vegetables until June 2024
COLLECTIONS
- Global Upcoming VAT Rate changes – Chronological
- Taxback International International VAT Rate Round Up: March 2024
- Taxback International Global VAT Guide: April 2024
- Latest Global Tax Headlines: Rate Changes Past, Present and Future
- VAT Rate Adjustments in 2024
- Database with VAT/GST Rates & Thresholds Across Jurisdictions by Baker McKenzie
ALGERIA
ANGOLA
- Angola Introduces Various VAT Code Changes Including Increased Exclusion Threshold
- Angola Adds More Items to 5% Reduced VAT Rate List
- Angola Tax Agency Revises VAT Code, Introduces Measures to Benefit Taxpayers
AUSTRALIA
BAHAMAS
BANGLADESH
- IMF Urges Bangladesh Bank to Impose 15% VAT on Businesses
- Why Increase VAT Burden amid High Inflation?
- Rising VAT Burden Amid Inflation: Concerns and Implications for Low-Income Earners
- VAT Pressure in FY25: Concerns of Inflation Rise and Revenue Generation Stakeholders
- 15% VAT to be Imposed on Metro Rail Tickets from July
- Call for Lower VAT on Jewellery and Tax Reforms in Bangladesh Budget 2024-25
- NBR Plans to Impose 15% VAT on Metrorail Tickets from July
- NBR Considers VAT on Metro Tickets
BARBADOS
BELARUS
BELGIUM
BRAZIL
BULGARIA
CAMBODIA
CANADA
CHILE
CROATIA
CYPRUS
- Cyprus Extends Zero VAT Rate on Basic Goods, Meats, and Vegetables until June 2024
- Cyprus Extends Temporary Zero VAT Rate on Basic Items until June 30, 2024
- Cyprus extends VAT cut on essentials to 30 June 2024
- Cyprus Extends Temporary Zero VAT Rate for Basic Goods, Meats, and Vegetables
- Cyprus VAT Rate on Food and Hygiene Products to Increase from 0% on 1st May 2024
- Cyprus extends zero VAT on specific goods until June 30, 2024
- Cyprus Law: 5% VAT Reduction for Residence Purchase or Construction
- Cyprus: End of Reduced Fuel Taxes and VAT Subsidies on Select Products
CZECH REPUBLIC/ EUROPEAN UNION
ECUADOR
- Ecuador Implements Reduced VAT Rate for Local Construction Material Transfers due to Conflict
- Ecuador’s Reduced VAT Rate for Construction Materials: Eligible Items Listed by Internal Revenue Service
- Ecuadorian Tax Authority Issues Guidelines for Temporary VAT Rate Increase
- Ecuador Provides Guidance on Application of Temporarily Increased VAT Rate
- Ecuadorian Official Gazette: VAT Rate Increase and Clarifications on Local Transfers and Services
- Ecuador VAT rise to 15% on April 1, 2024
EUROPEAN UNION
- EU: Working Paper on VAT Teatment of “Crypto Art”
- Comments on ECJ C-606/22: Recovery of overstated VAT when selling at a cash register
- Understanding buyer’s identity and 0% VAT rate application in WDT – ECJ ruling
- 2025 EU VAT Changes: Small Company Thresholds, Online Events Rules, and Rate Freedoms
- 2025: 3 major EU VAT rule changes
FIJI
FINLAND
- Finland Proposes 1.5% Increase in VAT and Insurance Premium Tax: Consultation Period Open
- Finnish Government to Increase Standard VAT Rate to 25.5% by 2024, Second Highest in EU
- Finland’s Proposal: Increase Two Tax Rates to Balance Spending
- Tax Measures to Strengthen Public Finances
- VAT Rate Increase in Finland 2025: Government Plans and Economic Impact
- VAT Rate Change (24% to 25.5%) Effective 1st September 2024
- Government’s VAT Hike: Impact on Low-Income Earners in Finland
- Finnish Government’s Public Finance Plan 2025-2028: VAT Increase
- Fazer, The Food Experience Company, Concerned Over Finnish Government’s Proposal to Increase VAT on Confectionery Products
- Finnish Government plans to raise VAT rate by 1.5 percentage points
- Finnish Government Agrees to Raise General Value-Added Tax Rate to 25.5%
- Finland will increase standard VAT rate from 24 to 25.5% possibly still this year
- Finnish Government Plans Tax Increases, including speculation of 1% VAT rate increase
FRANCE
- Understanding the 2025 VAT Regime Change on Artworks
- Clarification on the applicable VAT rate for board games
- French Polynesia: Reduced VAT rates to online press publications
- France Customs Circular 2024: Taxation of Energy Products Explained with New Regulations and Rates
GERMANY
- Germany – Reduced rates on education services to comply with EU law (2024 tax reform)
- Germany Reinstates Gas and Electricity VAT Rate to 19% Amid Global Energy Price Pressures
- Tax Benefits for Operating Photovoltaic Systems under the JStG 2022 – Dr. Johannes Riepolt
- Importance of Input Tax Deduction for Spa Facilities in Island Municipality B BFH Decision
GHANA
GREECE
- VAT Refund on Navigational Rights for Private Ships – Circular E.2025/2024
- Greece Tax Agency Clarifies Short-Term Real Estate Lease Taxation Guidelines
INDIA
- Government Considers GST Relief for Foreign Airlines and Shipping Lines Post Elections
- Legal Landscape and GST Implications in India’s Booming Online Gaming Industry
- Delhi High Court Upholds Constitutionality of Anti-Profiteering Provisions in CGST Law
INDONESIA
- Government Incentive: Purchase Luxury Homes up to IDR 5 Billion with Free VAT Taxes
- CORE: Implementing VAT Increase at Right Momentum for Economic Stability and Fairness
- Indonesia to Raise VAT to 12% by 2025 as Part of Budget Plan
- Amendment to Import Duty Tariffs for BEVs to Promote Transition to Electric Vehicles
- Extension of VAT Facility for Qualifying Battery-Based Electric Vehicles
- Extension of VAT Facility on Residential Property Sales until December 2024
- Indonesia Extends VAT Incentives for Electric Vehicles and Buses Through December 2024
- Government to Implement 12% VAT Increase in 2025
ISRAEL
- Unicameral legislature of Israel Approves 1% VAT Increase starting January 1, 2025
- Supreme Court Rules Full VAT for Services to Foreign Residents in GFI Securities Case
ITALY
- Changes in merchandise classification requests for defining VAT rate introduced by Customs from May 1st.
- Changes in Goods Classification Requests for VAT Rate Determination: New Operational Model Introduced by Customs
- Standard VAT rate for plant-based pet litter not for food use: Italian tax authority ruling
- Ruling: Classification and VAT rate for mixed composition vegetable cat litter
- 22% VAT on Cat Litter Sales: When Does It Apply?
- Tax Treatment for Urban Tourist Transport by Rubber-Tired Trains
- VAT Treatment for Urban Transport with Rubber-Tired People Movers for Touristic Purposes
KENYA
LAOS
LITHUANIA
- Lithuania Parliament Considers Bill to Extend Reduced VAT Rate for Catering Services until 2027
- Lithuania Proposing To Restore Cut-Rate VAT For Restaurants
- Lithuania Considering Renewed VAT Rate Reduction for Catering Services
- Lithuania’s Proposal to Reinstate Reduced VAT Rate for Catering and Takeaway Food Services
- Lithuania Tax Agency Seeks Feedback on Reduced VAT Rate for Accommodation Services Proposal
- Lithuanian Tax Inspectorate Issues Guidance on VAT Rates Effective Jan. 1
MALAWI
MALAYSIA
MALTA
- Guidelines on 12% VAT Rate for Securities Management Services
- Special 12% VAT Rate for Yacht Charters Starting in Malta
- Malta Provides New Guidelines on 12% VAT Rate on Supplies of Custody of Securities
- Malta Tax Agency Guidance: Reduced VAT Rate for Custody of Securities Explained
- Guidelines for Applying 12% VAT Rate on Custody of Securities in Malta
NETHERLANDS
- Intensive Wadden Sea Crossings: Sporting Challenges in the Netherlands
- Organized Crossings in Wadden Sea: VAT Implications for Sports Activities
- Zero VAT Rate Application for Export of Goods: Guidelines and Limitations in the Netherlands
- Zero VAT Rate Application for Goods Not Yet Imported: Dutch State Secretary Decree Update
- Magic truffles taxed with 21% VAT (now Arnhem-Leeuwarden Court of Appeal)
- No Reduced VAT Rate for Sclerotia, Not Even in Microdoses: Court Decision April 2, 2024
- HEVO courses are not lectures for VAT
- No reduced VAT rate for open-air performances
- VAT on Magic Truffles at 21% – Court Ruling
- Court of North Holland – VAT rate on compression stockings
- Legal Decision on VAT Rate for Magic Truffles under EU Directive
- Outdoor Animation Show Not Considered Cinema – Subject to 21% VAT
- Classic: The Card Protection Plan Judgement
- Application of the general VAT rate to compression stockings
- Open-air performance taxed at standard VAT rate
- Outdoor Projection Show Subject to Standard VAT Rate – Court Ruling
- Tax Law Case: Application of Zero Rate on Car Deliveries
- Interpretation of ‘cinemas’; reduced VAT rate not applicable – Court Zeeland-West-Brabant
- No reduced VAT rate for open-air performances
PHILIPPINES
- New Tax Regulation Implements Amendments to VAT and Percentage Tax Provisions
- Implementation of EOPT Act Amendments on VAT and Percentage Tax: Revenue Regulation 03-2024
- Philippines Tax Agency Updates VAT and Percentage Tax Provisions in Revenue Regulation No. 3/2024
POLAND
- Changes in VAT rates from April 1, 2024: Lower VAT on food and cosmetic services.
- MF Response: No Consideration for Lowering VAT on Electricity to 8%
- Different VAT rates for similar products: Case of “hot classic chocolate” clarified by WSA.
- No reduction in VAT on electricity in Poland, according to Ministry of Finance
- Ministry of Finance considers zero VAT on passenger transport
- Poland Reinstates 5% VAT on Basic Foods to Combat Inflation
- What does the change in the VAT rate on food and cosmetic services mean in practice?
- Zero VAT on food until March 31, 2024 – Important Update from Ministry of Finance
- VAT Rate in Developer Assignment: Different Rates, Legal Uncertainties, and Pending Resolutions
- Poland Ends Temporarily Zero VAT Rate for Foodstuffs
- Practical implications of VAT rate changes on food and cosmetic services
- Poland Ends Temporary 0% VAT Rate on Basic Food Items from April 2024
- Lowered VAT Rate for Beauty Industry: Potential Abuses Ahead?
- VAT Rate on Assignment of Development Agreements – We are Still Waiting for the Final Decision
- Poland cuts VAT from 23% to 8% on Cosmetic Services
- Poland will not maintain zero VAT rate for basic food products
- Poland to End 0% VAT Rate on Food Products as Inflation Eases
RUSSIA
- Changes in Confirmation of 0% VAT Rate for International Transportation Effective 01.04.2025
- Simplified Confirmation of Zero VAT Rate for International Transport: Changes in Russian Legislation
RUSSIA
SAINT KITTS AND NEVIS
SAUDI ARABIA
SLOVAKIA
- Slovak Parliament Considering Temporary VAT and Excise Duty Reduction on Gasoline and Diesel Fuel
- Slovak Parliament Considers Temporary Reduction in Gasoline and Diesel Fuel Taxes
SOUTH AFRICA
SOUTH KOREA
- South Korea Extends Temporary Reduction of Individual Consumption Tax Rate on Butane Oil
- South Korea MOF Seeks Feedback on Extending Tax Reduction for Petroleum Products until June
- Chairman Inclusive Finance Forum calls for a temporary VAT reduction on essential goods
- South Korean National Assembly considers Bill to reduce consumption tax on new vehicles
SPAIN
- End of Reduced VAT on Staple Groceries on June 30
- Consultation on VAT for hired singer at private events: 10% rate
- Tax Rate for Adjustable Bed Mattresses and Pressure Relief Mattresses
SRI LANKA
- Unveiling Tax Rates for Assessment Year 2023-2024
- Sri Lanka’s Inflation Undershoots Target Despite VAT Hike: Central Bank Governor
- Sri Lanka VAT (Amendment) Act No. 16: Changes in Rates and Registration Thresholds
SWITZERLAND
- Swiss Tax Authorities Propose Further Increase in VAT Rate to Cover Pension Deficit
- Switzerland Considering Increased Employment Contributions or VAT to Fund Additional Pension Payment
- Switzerland Plans to Ensure Funding for 13th AVS Pension by 2026
TAIWAN
TURKEY
- Publication of Circular on VAT Rate Application in Food and Beverage Services
- Press Release Regarding Amendment to VAT Rate Application in Food and Beverage Services
- Turkey’s Proposed VAT Rate Clarifications
- Turkish Treasury Minister Şimşek Denies VAT Rate Increase on Food and Beverages
- Press Release Regarding Draft on VAT Rate in Food and Beverage Services Application
- Amendment to Value Added Tax General Implementation Communiqué (Serial No: 51) – Changes Explained
- Draft of VAT Communique on VAT Rate Application in Food and Beverage Service Locations Released
- Press Release on Draft Regulation Regarding VAT Rate Application in Food and Beverage Services
UKRAINE
- Export of previously imported object for finalization: VAT implications and rates.
- Ukraine Implements Lower VAT Rate for Select Medications
UNITED ARAB EMIRATES
- Zero Rating Export Documentation Requirements as per UAE Federal Decree-Law No.8 of 2017
- Decoding VAT: How Businesses in UAE can Strategize for VAT Efficiency
UNITED KINGDOM
- Walkers to Appeal Tribunal Decision on VAT Status of Sensations Poppadoms
- Tax News in Brief
- Superdrug’s Campaign: Condom Benefits Outweigh VAT Revenues in UK
- UK Court Rules Mega Marshmallows Not Confectionery, Innovative Bites Wins VAT Case
- The Toilet Roll Tax: UK’s Absurd VAT Rules and Their Impact on Society
- VAT treatment of ‘Mega Marshmallows’ as confectionery: FTT and UT decisions analyzed
- Navigating Britain’s Complex VAT System: A Guide to Avoiding Tax Pitfalls on Everyday Items
- Government Rejects VAT Cut and EV Grants, Focuses on Low Company Car Tax Instead
- New HMRC Template for DIY Builders VAT Refund Claims
- Consultation on VAT Treatment of Private Hire Vehicles
- Ripley FTT Case: Zero Rating Dispatches to Other Countries – Lessons Learned
- Assessment of Mega Marshmallows as Confectionery for VAT Purposes
UNITED STATES
- Florida’s ‘Freedom Summer Sales Tax Holiday’ Offers Tax-Free Savings on Outdoor Activities for Families
- Florida’s Freedom Month Sales Tax Holiday: Making Summer More Affordable for Families
- Alabama House Bill 164: Tax on Harmful Material Sales to Minors for Addiction Prevention
- Virginia Extends Annual Sales Tax Holiday Through 2030, Includes Hurricane Preparedness Equipment
- Texas Tax-Free Weekend: Stock Up on Emergency Supplies Without Paying Sales Tax!
- Emergency Supplies Tax-Free Weekend: Stock Up on Essentials for Disaster Preparedness April 27-29 (Texas)
- Florida Decreases Sales Tax Rate on Commercial Rentals Effective June 1, 2024
- Florida Department of Revenue Reduces State Sales Tax on Real Property Rent by 2%
- Navigating Tax-Free States: A Guide to Savings in the US Market
- Florida sales tax rate on commercial rentals reduced effective June 1, 2024
- C. Budget Proposal: Sales Tax Hike, Office Conversion Tax Break, and Revenue-Raising Measures
VIETNAM
- Government proposes extending 8% VAT until end-2024 to support businesses and economic recovery
- Proposed 10% VAT Rate Amendment for Business Development in Vietnam
- Revamped VAT Law to Boost Agriculture and Fisheries in Vietnam
WORLD
- Global Upcoming VAT Rate changes – Chronological
- What are zero-rated supplies? Definition & examples
- Tracking Global VAT, GST & Sales Tax Rates in Over 300 Jurisdictions
- Database with VAT/GST Rates & Thresholds Across Jurisdictions by Baker McKenzie
- VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
Previous issues
- VATupdate.com: Noteworthy VAT Updates and Rate Changes in March 2024
- VATupdate.com: Noteworthy VAT Updates and Rate Changes in February 2024
- VATupdate.com: Noteworthy VAT Updates and Rate Changes in January 2024
- VATupdate.com: Noteworthy VAT Updates and Rate Changes in December 2023
- November 2023 – Noteworthy VAT Updates and Rate Changes
- October 2023 – Main VAT rate changes/updates/news on VATupdate.com
- September 2023 – VAT rate changes/updates/news
- August 2023 – VAT rate changes/updates/news
