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Highlights
- Finnish Tax Authority Guidelines: VAT Rate Increase to 25.5% from September 2024
- Greece Makes Reduced VAT Rates Permanent for Coffee, Tea, and Taxi Services
- India – GST Rates Changed For Some Products And Services: See List
- India – GST Council Announces Changes in Rates for Products and Services: Full List and Details
- Preparing for Indonesia’s VAT Increase to 12% in 2025: A Guide for Businesses
- Nigerian 7.5% to 10% VAT rate proposal
- Pakistan – Sindh Increases Sales Tax to 15% in Ambitious 2024-25 Budget Plan
- Spain food 0% VAT reverses to 4% by 2025
- Spain Implements Zero VAT Rate on Olive Oil to Combat Inflation – Effective July 1, 2024
- Vietnam Implements 8% VAT Cut and Fee Reductions to Boost Economy
AUSTRIA
BAHAMAS
BANGLADESH
- Proposed VAT Changes in Finance Bill 2024: Rates Increase and Exemptions for Specific Industries
- Bangladesh announces changes to VAT rates to boost economy and support key industries
- AmCham President Urges Automated Tax System to Regulate VAT and Boost Investment
- Bangladesh Government Proposes VAT Increase on Light Bulbs and Tube Lights to 15%
- Bangladesh Plans to Increase VAT on SIM Cards in 2024/25 Fiscal Year Budget
BELGIUM
BULGARIA
- Simplified Requirements for 9% VAT Rate on Accommodation Services by Ministry of Finance
- Bulgaria Extends Temporary Reduced Rates
CANADA
CHINA
COSTA RICA
- Costa Rica VAT Exemption Guidelines for Taxpayers: 2% Rate for Private Education Services
- Costa Rica Clarifies Applicable VAT for Private Education Services
- Costa Rica Sets 2% VAT Rate for Private Education Services in New Law
CYPRUS
- Guide to Selling and Transferring Cypriot Real Estate: VAT, Transfer Taxes, and Regulations
- Tax Department Launches Raids to Ensure 5% VAT Compliance in Residential Properties
CYPRUS / SPAIN
EGYPT
- Finance Minister: Policies to Boost Private Sector, Local Production, and Export with Tax Incentives
EUROPEAN UNION/ GERMANY
FINLAND
- Finnish Tax Authority Guidelines: VAT Rate Increase to 25.5% from September 2024
- Parliament Approves Increase in VAT and Insurance Premium Tax Rates
- The Proposal from the Ministry of Finance for Increase of the VAT Rate
- Finland’s Ministry of Finance Proposes Increase in VAT Rate to Boost Public Revenue
- Finnish SMEs Call for Delay in VAT Rate Increase Implementation Until October 2024
- Finnish Parliament Considers Bill to Raise VAT and Insurance Tax Rates
- Finland Parliament Considers Bill to Raise VAT
- Government Proposal: General VAT rate to increase to 25.5% in September by Ministry of Finance
FINLAND/ LITHUANIA/ SLOVAKIA/ VIETNAM
FRANCE
- VAT Rate for Sushi Sales in France: Dispute between Tax Authority and Highest Court
- Guidance on VAT Rates for Isokinetic Sports Equipment and Relevant Tax Documents
GERMANY
- VAT Rate for Combined Swimming Pool and Sauna Use – Commentary 25.06.2024 Niedersächsisches FG
- Decision of May 29, 2024, V S 15/22 “in camera” procedure for reduced VAT rate.
- Application of Reduced Tax Rate to Dinner Shows: Legal Issues and Practical Implications
- Germany Slashes Art VAT to 7% in 2025: Boost for Art Market and Galleries
- Germany Approves Annual Tax Act 2024, Reducing Art Work Tax Rate to 7 Percent
- Germany Slashes VAT on Art Sales to Boost Market Competitiveness and Cultural Contribution
- BFH Resolution on Allocation of Goods in Chain Transactions and Broken Transportation
GREECE
- Greece Makes Reduced VAT Rates Permanent for Coffee, Tea, and Taxi Services
- VAT Rate Applicable for Coffee, Cocoa, Tea, and Herbal Beverages in Catering Businesses
- Amendment: Permanent 13% VAT for taxi passenger transport
- Greece: Reduced VAT Rates on Various Goods and Services Made Permanent
- Greece Makes 13% VAT Rate Permanent for Taxi and Beverage Services
- State Budget Office: Reducing VAT not a solution
- Budget Office Report Confirms Government’s VAT Argument – June 27, 2024
- Greece Makes 13% VAT Rate Permanent for Taxis and Takeaway Beverages, Onsite Beverages at 24%
- Greece fixes temporary 13% reduced VAT rate 1st July 2024
- Greek Government Implements Permanent Reduced VAT on Taxis and Coffee, Imposes Levy on Oil Profits
HAWAII / UNITED STATES
INDIA
- GST Council Announces Changes in Rates for Products and Services: Full List and Details
- India to Discuss GST Rate Rationalization in August, Finance Minister Announces
- GST Rates Changed For Some Products And Services: See List
- India GST rate consolidation talks start
- GST Council Tweaks Tax Rates, Waives Interest and Penalty for First 3 Years of Rollout
- GST Council Meet: Changes in Tax Rates for Goods & Services – Cheaper or Costlier?
- Outcome of GST Council Meeting: No Review of 28% GST Rate for Online Gaming/Casinos.
- GST Council decides to remove anti-profiteering clause, allowing sellers to keep tax cuts.
- Key Highlights of 53rd GST Council Meeting
- 53rd GST Council Meeting: Recommendations to clarify the GST rates on Goods
- 53rd GST Council meeting: Recommendations to clarify the GST rates on Services
- GST Council to Provide Clarity on ESOP Taxability, Benefiting Start-ups and MNCs
- GST Council May Mandate GST Appellate Tribunal to Handle Anti-Profiteering Cases Until April 2025
- Insurance Agents Urge Reduction of GST on Retail Health Policies from 18% to 5%
- CII Proposes Simplified GST Structure and Comprehensive Economic Reforms Ahead of 53rd GST Council Meeting
- GST Council Meeting on June 22: Rate Revisions and Key Issues on Agenda
- GST Rate Changes After Making Payment for Hotel Room Booking: Will It Affect Your Bill?
- GST Council meet on June 22 may take up amnesty scheme, exemptions for shipping, airlines & Budget
- GST rate rationalisation gets tricky for NDA 3.0
- India GST rate consolidation in doubt
- GST ruling: Instant flour mixes like idli, dosa, khaman to be taxed at 18%
- AAR rules Bebymil’s Infant Milk Formula Subject to 18% GST
- GST rate rationalisation in balance
- GST rate rationalisation may see further delay
- Potential Elimination of 12% GST Slab: Fitment Committee’s New Rate Rationalization Exercise
INDONESIA
ITALY
- Understanding VAT Rates and ‘First Home’ Benefits for Renovated Property Sales
- Tax benefits for DJ-sets: 10% VAT and no entertainment tax according to SIAE and Cassation.
KAZAKHSTAN
KOSOVO
LITHUANIA
NEPAL
NETHERLANDS
- Legal Decision on VAT for Short-Stay Rentals: Hotel Competition or Residential Use?
- Hotel guests to bear almost entire burden of VAT increase from 2026, predicts report.
- No reduced rate of VAT on stairlifts
- Bruins acknowledges potential impact of VAT increase on cultural sector, vows to protect vitality.
- No reduced VAT rate for bootcamp classes
- Supreme Court rules fractional sailing services eligible for reduced VAT rate as sport facilities
- Subscription for the use of a sailing yacht is subject to a low VAT rate as a sport practice
- Monitoring of VAT zero rate for solar panels: Impact and Budgetary Assessment, June 11, 2024
- Court of Gelderland: Reduced VAT rate not applicable to bootcamp lessons starting and ending elsewhere.
- No Reduced VAT Rate for Household Appliance Repairs: Further Investigation Needed
- Brief to Parliament on VAT zero rate for solar panels to reduce administrative burden and promote investment.
- Results of research into the possibilities of reduced VAT rate for repair services for household appliances to the House of Representatives
- No Expansion of Reduced VAT Rate for Repair Services – Update from State Secretary Van Rij
- Impact of VAT increase on educational materials: 60 million euro cost for schools.
- Education organizations oppose VAT increase on learning materials to protect affordability and quality.
- Impact of VAT Increase on Educational Materials: Costing Schools 60 Million Euros
- VAT Increase Causes Boundary Issues for Campsites: Safari Tent Dilemma
- Stop the VAT Hike on Books: Protecting Higher Education Accessibility Through Petition
- VAT increase causes demarcation problems at campsites
- VAT Corrections for Gold Trader: Court Rules
NIGERIA
- President Tinubu Signs Executive Order to Boost Local Production in Healthcare Sector.
- Nigerian Tax Reform Panel Suggests VAT Rate Increase to Boost Revenue
- Nigerian 7.5% to 10% VAT rate proposal
PAKISTAN
- SRB Clarifies Misreported 15% Sales Tax on Health and Education Services in Sindh
- Sindh Govt Raises Sales Tax to 15%, Projects Rs. 350 Billion Revenue for 2024-25
- Sindh Increases Sales Tax to 15% in Ambitious 2024-25 Budget Plan
- Pakistani National Assembly Considers 2024 Finance Bill with Major Tax Reforms and Adjustments
- Pakistan and IMF at odds over proposed 18% sales tax on agriculture and health goods.
- FBR Proposes 1% GST Increase and 6% Sales Tax Hike on Petroleum Products for 2024-25 Budget
- Potential Sales Tax Increase to 19% in 2024-25 Budget Sparks Inflation Concerns
POLAND
- NSA Ruling on VAT in Gastronomy – Important Decision for Taxpayers and Tax Authorities
- Impact of NSA ruling on VAT rate for assignment of developer agreement rights with 23% VAT
- NSA: 5% VAT rate on takeaway sales
- Assignment of developer agreement without reduced VAT rate: NSA ruling on property rights transfer.
- Resolution on Takeaway Meals VAT Rate Dispute: 5% vs 8% – Legal Analysis
- Assignment of a developer agreement is a taxable service at 23% VAT – June 24, 2024.
- Taxation of Freight Forwarding Services in VAT: Country of Taxation and VAT Rate Explained
- Correcting VAT rate on receipt with buyer’s NIP. How to make corrections and include in records?
- Appeals against binding information will be submitted only electronically
PORTUGAL
SAINT KITTS AND NEVIS
SLOVAKIA
- Slovak Parliament Votes Against Temporary VAT and Excise Duty Reduction on Fuel
- Slovak Parliament Rejects Temporary Fuel Tax Cuts and Asset Depreciation Law
- Parliament Rejects Proposal to Reduce VAT and Excise Duty on Gasoline and Diesel Fuels
SOUTH KOREA
- South Korea Considers Extending Reduced Tax Rates for Petroleum Products Until August 31
- South Korea Extends Tax Rate Reduction for Individual Consumption Taxes Until End of Year
- South Korea Considers Extending Tax Reduction on Eco-Friendly Vehicles Until 2026
SPAIN
- Spain: Temporary Zero VAT Rate on Basic Foods Extended Until September 30, 2024
- Urgent Measures: Extension of Tax Relief on Food Items in Spain until 2024.
- Spain food 0% VAT reverses to 4% by 2025
- Government extends VAT reductions, lowers income tax, updates advances, and raises civil servants’ salaries.
- Spain Implements Zero VAT Rate on Olive Oil to Combat Inflation – Effective July 1, 2024
- Temporary Reduced VAT Rates in Spain 2024
- Spain to Eliminate VAT on Olive Oil to Counter Drought-Driven Price Surge
- Spain food 0% VAT rate further extension
- Prime Minister Pedro Sanchez announces Spain to Extend VAT Cut on Food Beyond June 30
- VAT Rate Reduction on Food Items: Deadline June 30th, 2024 – Check Eligible Products and Rates
SWEDEN
SWITZERLAND
- Switzerland considering raising standard VAT rate to 8.5% in 2024
- Holistic overview VAT regulatory changes as of 2025
- Draft Adjustments to VAT Law: Reduced Rates for Menstrual Hygiene Products
TAIWAN
TANZANIA
- Tanzania’s 2024-2025 Budget: Key Tax and VAT Reforms for Economic Growth and Development
- Tanzanian Ministry of Finance 2024-2025 Budget Speech: VAT Changes and Exemptions for Various Industries
- Government Eliminates VAT on Fertilizer, Gold for Refineries, and Locally Produced Edible Oil Seeds
TRINIDAD AND TOBAGO
- PM Denies Plans to Increase VAT Amid Opposition Claims
- Opposition Leader Presents Alleged Proof of Government’s Plan to Increase VAT for Revenue Generation
UNITED ARAB EMIRATES
UNITED KINGDOM
- Liberal Democratic Party urges removal of VAT on kids’ dental products after rise in tooth decay cases
- Liberal Democrats promise zero-rating for children’s dental care in election manifesto.
- VAT Reduction for Serviced Accommodation at The Quarters in Swiss Cottage, London: IOM HC Ruling
- SNP Calls for VAT Cut to Support UK Businesses Hit by Covid-19 and Brexit
- VAT Treatment of Dip Pots in Takeaway Meals: A Case Study Analysis
- Dip Pots in Takeaway Meal Deals
UNITED STATES
- Ohio 2024 Sales Tax Holiday: Extended Timeline, Increased Exemptions, Compliance Obligations for Businesses
- Maryland Tax Alert: New Rates for Cigarettes, Tobacco, and E-Cigarettes Effective June 25, 2024
- Florida DOR Back-to-School Sales Tax Holiday Guidelines and Information from Bloomberg Tax Automation
- Mississippi Extends Back-to-School Sales Tax Holiday to Three Days in July
- Alabama Back-to-School Sales Tax Holiday Weekend: July 19-21, 2024
- Vermont Legislature Overrides Governor’s Veto on Property and Software Sales Tax Hike
- Updated List of Alabama Counties Participating in 2024 Back-to-School Tax Holiday
- New Jersey Announces 2024 Back-to-School Sales Tax Holiday from August 24 to September 2
- Maryland Increases Sales Tax on Electronic Smoking Devices
- North Dakota Tax Changes Effective July 1, 2024
- Ohio Sales Tax Holiday: Qualifying Items, Exemptions, and Purchase Guidelines
- Colorado Releases Local Sales & Use Tax Changes Effective July 1, 2024
- Colorado Department of Revenue Announces Local Sales Tax Changes Effective July 1, 2024
- Pennsylvania Court Rules Perrier Taxed as Soft Drink: Sales Tax on Carbonated Water Upheld
- Illinois Department of Revenue Announces Local Tax Rate Changes for Aviation Fuel Sales
UZBEKISTAN
VIETNAM
- Vietnam Implements 8% VAT Cut and Fee Reductions to Boost Economy
- Government Implements 8% VAT Reduction on Select Goods and Services from July 1 to December 31
- Vietnam Implements 8% VAT Rate Cut Until Year End, Excludes Specific Sectors
- Debate on 5% VAT on Fertilizers: Implications for Agricultural Development and Tax Policy
- Debate on 5% VAT for fertilizer: Representatives argue against proposed tax rate.
- Supporting 19,488 trillion VND through 2% VAT reduction in first 5 months of 2024
- Vietnam to Extend 2% VAT Reduction Policy Until End of 2024 for Economic Recovery
- Continuing 2% VAT reduction until the end of 2024 approved by National Assembly
- Vietnam Government Proposes Extending 2% VAT Reduction on Specific Goods and Services until 2024
- Challenges Faced by Businesses in Declaring Goods Eligible for VAT Cut
- Vietnam Extends 8% VAT Rate Until December 31, 2024
- Proposal to continue reducing 2% VAT for certain goods and services approved for discussion.
- Extension of VAT Reduction until 31 December 2014: Draft Resolution and Proposed Changes
- Extending VAT tax reduction policy: Necessary move to boost economic recovery.
WORLD
ZIMBABWE
Previous issues
- May 2024 VAT Updates: A Global Roundup of Rate Changes and Developments on VATupdate.com
- 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
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