Anti-fraud measures to help close VAT Gap The Slovak Republic government has put out to consultation two changes to the VAT law to help reduce the Central European country’s VAT Gap. Slovakia has made great strides in cutting the deficit between expected and actual VAT
World Bank recommends Pakistan consolidated GST regime The World Bank is advocating for Pakistan to merge its federal and provincial revenue agencies into a unified General Sales Tax (GST) collection entity, as recommended by the World Bank. However, this entails significant legislative hurdles and potential
Over 300 jurisdictions’ indirect tax rates tracked live At VATCalc, we track Value Added Tax, Goods and Services and sales tax rates in over 300 jurisdictions. These are detailed in the searchable table below. All these indirect tax rates are included within our global tax
Proposal for 1% VAT rise for social spend A review of the financial position of the social protection fund has proposed to the Malawian government a Value Added Tax rise from 16.5% to 17.5%. Such a rise would edge Malawi towards the high end of
IMF working paper addressing VAT regressivity and reform The International Monetary Fund has published a Working Paper by Artur Swistak and Rita de la Feria with consideration to improving the fairness and efficacy of national VAT regimes on the back of advances in digital reporting
May 2024: B2C Sellers to charge VAT in checkout on low-value consignments of goods imported to consumers Thailand is to impose VAT on low-value consignments of goods being imported directly to consumers. Any consignment at or below Baht 1,500 is currently VAT exempt. From 1st
New avoidance rules on tax registration threshold requirements The new Japanese 2024 Tax Reform Bill passed on 28 March, including a measures to prevent non-resident businesses taking advantage of the current Consumption Tax registration threshold to avoid indirect tax obligations. Currently, the annual sales threshold
2024 Tax Reform Package: Consumption Tax calculation and collection obligations for online platforms Japan has become the latest country to impose the obligations for online digital platforms to charge and remit Consumption Tax for transactions by non-resident providers on their marketplaces. In the government’s 2024
Ministry of Finance raises VAT registration threshold to acknowledge record inflation Sweden’s Ministry of Finance has proposed raising the annual sales threshold for VAT registration from SEK 80,000 to SEK 120,000 (approximately €10,100). The threshold was last raised in 2022. This new threshold will apply
VAT on digital services to be extended to non-resident providers Bolivia’s Servicio de impuestos nacionales (SIN) is to relaunch plans to extend VAT obligations to non-resident providers of digital services. This is likely to start again on 1 July 2024. Key obligations proposed include: Taxable
