Government proposes zero-rating of fruit and vegetables if wins election New Zealand’s Labour government has committed to zero-rating Goods and Services Tax on unprocessed fresh and frozen fruit and vegetables in the case that it wins the upcoming general election. The standard GST rate in
Annual VAT registration threshold rises to BAM 100,000 The Bosnian and Herzegovina parliament has approved an increase in the annual VAT registration threshold. The new threshold will be BAM 100,000 (approximately €51,050 ), doubling form BAM 50,000. The registration threshold only applies to resident businesses.
Parliament approves tax reforms, including major VAT changes Italy’s Parliament last week approved wholesale reform of Italian tax including a number of changes to the Italian VAT system. The reforms are aimed at modernising the tax regime, making compliance easier and attracting foreign investment. The
Return of standard VAT rate to 15% for all supplies Fiji’s 2023-24 budget, 30 June 2023, included a rise in the standard VAT rate from 9% to 15% from 1 August 2023. Previously, 9% was the main standard rate – although a range of supplies
Reduced rate of 3% under new EU freedoms on reduced VAT rates Update: this new rate was gazetted on 23 July 2023, and so is now in effect. Cyprus’ Council of Ministers has agreed to introduce a new 3% reduced VAT rate under the new
Collapse of tax reform talks means shelving of consolidation of 6% and 12% reduced rates to new 9% rate The collapse on agreement for a major Belgian tax reforms means that the 2024 plan to simplify reduced VAT rates will be dropped (see original plans
2% DST on digital services launched in July 2022 The Nepalese Inland Revenue has updated the requirements on its Digital Services Tax. This is a turnover tax on a range of digital services providered by non-residents to locals. The DST was introduced in July 2022,
VAT confirmed on subscriptions for digital journals by foreign providers The “Tesorería General de la República” has confirmed that Value Added Tax is due to be charged and collected by non-resident providers of the following subscription-based electronic services: Educational journals Consumer and news journals Aug 2022
