Kenya’s Treasury 2024 budget proposes 2% hike to 18% The ruling Kenya Kwanza coalition has proposed a 2% rise in the standard VAT rate from 16% to 18% in the Draft Medium-term Debt Strategy for the period 2024-25 and 2026-27. The rise would be to
VAT rate hike from 12% to 16% to help finance new trade route infrastructure The Central Asian state of Kazakhstan is considering raising its standard VAT rate from 12% to 16% from January 2025. TThere will be new reduced rates for essentials and medicines to
As part of major investment and structural reforms, range of VAT measures now being review in German parliament Germany has launched a major set of investment and innovation bill which includes a set of tax reforms. Having been approved at the end of last month
Update: Draft 2024 budget includes 4% increase in the standard VAT rate from 11% to 15% Plans earlier this month to hike Lebanese VAT by 1% to 12% have been scrapped; the emergency rate hike will now be 4% to 15%. This rise will be
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods for a further three months until 31st December 2023. This covers a list of 46
