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Highlights
- Bulgaria Extends 0% VAT Rate for Bread and Flour Until December 31, 2024
- Cyprus Extends VAT Rate Cuts on Essential Goods Until June 2024
- Finland to Increase Standard VAT Rate to 25,5% in September 2024
- Greece Stands Firm on Excluding Food Services from VAT Reduction
- India – GST Council’s fitment committee likely to consider dropping 12% slab
- Israel VAT rise to 18% may be accelerated to June 2024
- Netherlands to Increase VAT Rates for Accommodation and Cultural Services in 2026
- Pakistan – Potential 1% Increase in General Sales Tax Rate in 2024-25 Budget on IMF Request
- Ukraine VAT rise proposal
ALBANIA/ SERBIA
ANGOLA
AUSTRIA
BANGLADESH
- Bangladesh Plans to Lower Duties on Laptop Imports to Boost Software Industry
- Local Manufacturers Facing VAT Hike: AC, Refrigerator, Mobile Set, LPG Cylinder Prices to Increase
- NBR Plans VAT Hike on Electronics: Impact on Consumers and Industry
BELGIUM
- Expansion of demolition and reconstruction rate published – Applicable as from June 1, 2024
- New declaration for sales with 6% VAT must be submitted no later than June 30, 2024!
- New declaration for selling property with 6% VAT must be submitted by June 30, 2024!
- Belgium MOF Proposes VAT Reduction for Demolition and Reconstruction of Buildings
- Belgian Government Tweaks VAT Reform Plans for Housing Projects to Boost Industry Amid Pandemic
- Changes in VAT rate for demolition and reconstruction of buildings across Belgium
BELIZE
BULGARIA
- Bulgaria Extends 0% VAT Rate for Bread and Flour Until December 31, 2024
- Bulgaria’s 0% VAT on Bread and Flour Extended Until 2024
- Bulgaria’s Proposal: Expanding Reduced 9% VAT for Accommodation Services
CANADA
CHINA
CYPRUS
- Cyprus Extends VAT Rate Cuts on Essential Goods Until June 2024
- Cyprus: A Leading Destination for Private Aircraft Leasing and Registration Services
- Cyprus: Online Submission Required for Reduced VAT Rate on Private Dwelling Construction
- Online Applications Required for Reduced VAT on Private Dwellings from 27 May, 2024
- Important Update on Cyprus VAT Rates
- Update on submission of declarations for the reduced VAT rate of 5% on residences
- Cyprus Extends 0% VAT on Food and Hygiene Products Until June 2024
- Cyprus Prolongs VAT Zero Rate For Basic Commodities
ECUADOR
- Ecuador Reduces VAT on Tourism Services for Three-Day Holiday Period
- Ecuadorian President Cuts VAT Rate for Tourism to Boost Economy
EGYPT
FINLAND
- Increase in General VAT Rate in September – Impact on Service and Goods Delivery Dates
- Finnish VAT Changes: Increase in General Rate and Shift for Sweets
- Proposal to Increase VAT Rate to 25.5% Effective September 1, 2024
- Finland to Increase Standard VAT Rate to 25,5% in September 2024
- Finland’s VAT Rate Increase
- Proposed Changes to Finnish VAT rates
- Finland’s VAT increase could make VAT rate the second highest in the EU
- Ministry of Finance proposes raising VAT to 25.5 per cent on 1 September
- Finland Seeks Feedback on Proposed VAT Increase from International Stakeholders by May 17, 2024
FRANCE
- Reduced VAT rate of 5.5% for equestrian establishments
- Reduced VAT Rate of 5.5% for Equestrian Activities Effective January 1, 2024
GERMANY
- Tax Tips for People with Disabilities: Guide by Baden-Württemberg Finance Ministry
- Tax Treatment of Electronic Access to E-Paper in Print Subscription: FG Saarland Decision
GHANA
GREECE
- Greece Stands Firm on VAT for Food Services to Combat Tax Evasion
- Greece Stands Firm on Excluding Food Services from VAT Reduction
- Minister refuses VAT reduction, food industry pushes back for competitive advantage in global market.
- Hatzidakis: “No” to VAT reduction – Battle against tax evasion will determine policy changes
INDIA
- Impact of Revised GST Rates on Time of Supply: Determining Time of Supply for Invoices.
- No Service Tax on Freight Margin in Outbound Shipments: CESTAT Ruling in Vishal Gohel Case
- GST Council’s fitment committee likely to consider dropping 12% slab
- GST Rate for Paper Cups under HSN 4823 40 00: AAR Ruling in West Bengal
- Ice Cream Industry Awaits Potential GST Rate Cut Post-Election
- GST council unlikely to reverse 28% tax on online gaming
- Unlikely Full Rollback: 28% GST on Online Gaming Industry Post General Elections Review
- Real Estate Developers Challenge 18% GST on Joint Development Agreements in Supreme Court
- Disposable Paper Cups Subject to 18% GST, Not 5% as Requested by Manufacturer
- Gujarat High Court Rules Mango Pulp Taxable at 12% GST Rate from GST Commencement
- Industry Awaits GST Rate Rationalization in Budget FY 2025
- Pharma Sector Likely to Receive GST Relief: Major Update Expected from GST Council
- Malabar ‘Parota’ Taxed at 5% GST Rate, Kerala High Court Rules
- Lowering GST to 12% on health insurance premiums up to Rs 30,000 for affordability
INDONESIA
- Minister of Finance Leaves Decision on VAT Increase to 12% to Next Government
- Potential Economic Setback: Apindo Warns Against VAT Increase in 2025
INDONESIA
IRAN
ISRAEL
- Israel VAT rise to 18% may be accelerated to June 2024
- Israel to Raise VAT Rate to 18% in 2025: Impact on Consumers, Businesses, and Government
ITALY
- Possible 10% VAT rate for first home even for usufructuary: implications for dual buyers
- VAT deduction for habitual exporters confirmed by Cassation in splafon assessment ruling.
- VAT Clarification for Hospital Bed Covering Devices with Filter
- New Procedure for Customs Technical Assessment to Determine VAT Rate: Important Updates for 2024 Tax Declarations
- 10% VAT on train transport for tourist-recreational purposes without additional services.
- 10% VAT on Syrup Form Supplements: Reminder from Revenue Agency
- Ruling about 10% VAT rate to the sale of dietary supplements
JAPAN
KENYA
- Kenya’s Tax Policy Overhaul: Exported services from Kenya will no longer be subject to VAT
- Kenya Bankers Association Opposes 16% VAT on Financial Transactions
- Kenya’s New VAT on Electric Vehicles Sparks Controversy and Concerns
- Proposed Changes to VAT Status of Various Supplies in Finance Bill 2024
- Pesticide Costs to Surge with VAT Changes: Impact on Farmers and Crop Yields
- Proposed VAT on Ordinary Bread to Increase Consumer Costs by Sh10 in 2024 Finance Bill
- President Ruto’s Administration Proposes VAT Changes Leading to Increased Bread Prices and Vehicle Taxes
LAOS
LATVIA
LITHUANIA
- Understanding the 9% VAT on Accommodation Services in Tourism: Tax Authority’s Explanation
- Understanding 0% VAT on International Trade: Tax Authority Guidelines and Procedures
- Lithuania proposes reinstating reduced VAT rate for catering and takeaway food from July 2024.
- Lithuania Tax Agency Updates Commentary on Preferential VAT Rate for Passenger Transportation Services
- Lithuania Considers Extending Reduced VAT Rate for Catering Services
- Lithuania 1% VAT rise to 22% proposal
NEPAL
- Government Removes VAT on Potato, Onion, and Perishable Food Items to Boost Domestic Production
- FY 2024/25 Budget: Changes made in VAT rates of different goods, commodities
NETHERLANDS
- Minister of Finance confirms that VAT rate increase includes, in addition to admission to sporting events, sporting activities themselves
- Over 160,000 Signatures Against Book VAT Increase in Five Days
- VAT Ruling on Reduced Rate for Stairlifts
- Cultural sector mobilizes against potential VAT increase on cultural goods and services
- Fine for intentional reduction of VAT rate by actual leader upheld by Court of Appeal
- Court ruling: Reduced VAT rate not applicable to stairlifts
- Amsterdam Court of Appeal Decision on Tax Rate for Unlicensed Medicines – Neutrality Principle upheld
- Call for Headlines to Revoke VAT Increase to Support Local Media
- No zero-rate on exportation of horse
- Dutch Music Industry is calling for the government to reconsider 12% VAT Hike on Live Events Tickets
- New Coalition Government Announces VAT Rate Changes for 2026
- Hof Amsterdam rules on VAT rate for self-care products by X NV
- Court of Amsterdam rules against reduced VAT rate for self-care products without marketing authorization
- VAT on books, concerts, theater tickets will rise from 9 to 21 percent
- VAT Ruling: Application of Zero Rate for Horse Export to United States
- Rising VAT causes unrest in cultural sector and hospitality industry
- Netherlands to Increase VAT Rates for Accommodation and Cultural Services in 2026
- Dutch VAT Hike: Concerns Over Impact on Books, Concerts, and Theater Tickets
- Knowledge Group Position on VAT Rate for Arterial Pressure Pressure Measurement Sets
- VAT Treatment of Arterial Pressure Monitoring Medical Devices: Knowledge Group’s Position
- Refusal of VAT zero rate not considered criminal charge, lightening burden of proof for tax authorities
- Proposal to Increase VAT on Unhealthy Food to 21% for Health Benefits
- AG Wattel advises Supreme Court about refusal of VAT zero rate and penalties for involvement in VAT fraud/fair trial issues
- Tax Court of Amsterdam: Are Hammam and Rassoul Rituals Considered Bathing Facilities?
NIGERIA
- Proposal to Increase VAT Rate and Adjust Revenue Sharing Formula for Economic Growth
- Tax Committee Recommends VAT Hike: More Burden for Nigerians as Revenue-Sharing Formula Under Review
- FG Denies Proposal to Increase VAT Rate: Committee Clarifies Reform Recommendations
- Presidential Committee Proposes VAT Increase Amid Economic Struggles
- Experts caution against VAT hike in Nigeria to avoid economic strain on businesses and consumers
PAKISTAN
- Potential 1% Increase in General Sales Tax Rate in 2024-25 Budget on IMF Request
- Government Considers Increasing GST by 1% to Meet IMF Conditions and Boost Revenue
- Pakistan Prepares for Sales Tax Hike and Income Tax Overhaul in 2024 Budget
- FBR Proposes Extensive Overhaul: Expanding 18% Sales Tax to Various Sectors
- IMF Urges Pakistan to Raise GST to 18% and Reform Insurance Sector for Economic Stability
- IMF Urges Pakistan to Increase GST to 18% for Financial Stability and Reforms
PHILIPPINES
POLAND
- 8% VAT Exemption Not Applicable to Holiday Cottages
- Lower VAT not for holiday homes. Issue persists with dormitories
- Reduced VAT Rate for Tanning Services Explained by Tax Authority
- New VAT Rates Directive Will Impact Millions of Polish Spending – Government Decision Pending
PORTUGAL
RUSSIA
- Ministry of Finance Backs Proposal Against VAT Rate Increase to Prevent Inflation
- FNS of Russia prepares registry forms for 0% VAT confirmation on services and works
- Zero VAT for hotels: more services included in accommodation price from May 16, 2024
SLOVAKIA
- Driving Down Costs: Slovakia Considers Lowering VAT on Fuel to Benefit Citizens
- Slovakia Considers Temporarily Lowering VAT Rate for Gasoline and Diesel Fuels to 8%
SOUTH AFRICA
SPAIN
- Clarification on Reduced VAT for Vehicles for Disabled Persons: Ownership Not Essential, but Preferable
- Boat Excursions with Diving and Water Sports
TAIWAN
TURKEY
- Understanding VAT Rates for Food and Beverage Services in Turkey
- Analysis of VAT Rate Confusion in Food and Beverage Services
- Turkey Clarifies 1% VAT Rate for Food Products Not Applicable for Food and Beverage Service Providers
UKRAINE
UNITED KINGDOM
- UK Political Parties Unanimously Reject VAT and Tax Hikes Before General Election
- UK Political Parties Promise No Tax Increases Ahead of General Election
- UK Labour VAT increase?
- Labour and Tories Commit to No VAT Increase in Next Parliament
- Labour Opposition Faces Pressure on VAT Increase Decision amid Looming Financial Crisis
- Comparing Tax Rates on Different Flavours of Nesquik Drinks
- Consultation on VAT Relief for Charitable Donations of Everyday Items by Businesses
- Heathrow Airport Criticizes UK Government for Lack of VAT-Free Shopping, Hindering Aviation Competitiveness
- HMRC Announces VAT Changes for Voluntary Carbon Credits in the UK
- HMRC Announcement: VAT Treatment of Voluntary Carbon Credits Changing from September 2024
- HMRC Guidance – Food products (VAT Notice 701/14)
UNITED STATES
- Florida Department of Revenue Reduces Sales Tax on Commercial Properties Effective June 1, 2024
- Mississippi DOR Official Guide: Sales Tax Holiday Eligible Items, Dates, and Refund Process
- Florida Launches 2-Week Tax-Free Hurricane Preparedness Sales Event for Residents
- Navigating Illinois Sales Tax Changes: Updates for 2023 and 2024
- Georgia Sales Tax Rates for 2023 & 2024: What Small Business Owners Need to Know
- Florida State Reduces Commercial Lease Sales Tax to 2% Effective June 1, 2024
- Maryland Increases Sales and Tobacco Taxes on Cigarettes and Electronic Smoking Devices
- Tennessee Sales Tax: Reduced Rate on Food in Select Cities and Towns Guidance Issued
- Revised Chicago Soft Drink Tax Publication by Illinois Department of Revenue
- Tennessee DOR Notice: Local Sales Tax Rate Changes on Food and Ingredients, Effective October 1
- Texas Sales Tax Holiday: Save on Water-Efficient and Energy Star Products, May 25-27, 2024
- Sales Tax Inflation Crisis: Impact on Families, Cities, and Economic Disparities
- Tennessee Sales Tax Exemption for Food: House Bill 2641 Impact on Municipalities
- Understanding the Pink Tax: Impacts on Sales Tax and Pricing Strategies
- Sales Tax Holidays 2024: What’s in Store for Consumers and Retailers?
- Tennessee Bill Allows Cities to Reduce or Exempt Food Sales Tax
- Colorado Enacts Temporary Reduction in State Sales Tax Rates for Large Revenue Surpluses
- Questions Raised About Increasing NJ Sales Tax to 7% Amid Stable State Revenues
- Oklahoma County Sales Tax Authorization Legislation
- Mississippi Extends Back to School Sales Tax Holiday to Three Days in July
- Florida State Sales Tax on Commercial Leases Decreases to 2% Effective June 1, 2024
- Mississippi Sales Tax Reduction on Geophysical Surveying Equipment and Materials
- Recent Updates in Sales Tax Laws and Compliance: April 2024 Review
- Florida State Sales Tax on Commercial Leases Decreases to 2% Effective June 1, 2024
UZBEKISTAN
VIETNAM
- 2% VAT reduction to boost consumer demand and drive production growth by 2024
- Proposal for Resolution on Reducing VAT Tax by the end of 2024 – Government Decision
- Vietnam’s Ministry of Finance Proposes VAT Rate Reduction and Extended Tax Deadlines in 2024
- Proposal to continue reducing VAT by 2% until 31/12/2024 for economic recovery and development.
- Government Seeks Extension of VAT Reduction to Spur Economic Recovery
- Vietnam Seeks Extension of VAT Rate Reduction for Q3, Q4 Beyond June 30 Deadline
- Government Proposes Extending VAT Cut until Year End
WORLD
ZIMBABWE
Previous issues
- April 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
- 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
