Sales Tax replaced by IGI Value Added Tax Andorra has replaced its Sales Tax regime with a full Value Added Tax system (IGI (Impost General Indirecte) from 1 January 2013.
Netherlands hit by financial and Euro crisis; forces VAT rise The Netherlands has raised its standard Value Added Tax rate from 19% to 21% from 1 October 2012. The comes
Currency crisis forces tax rise Spain has become the latest European country to raise its standard Value Added Tax rate in the face of the worsen financial and Euro-currency crises.
VAT overhaul continues with 2015 completion target Further details have been provided on cities and provinces starting their Value Added Tax pilots in China. The pilot originally started in Shanghai
A pilot program to modernise the Chinese Value Added Tax regime is being extended to 13 new states. The pilot is being monitored in Shanghai, where it was initially launched.
Hungary has increased its standard Value Added Tax rate from 25% to 27% from 1 January 2012. This indirect tax rise is to help stabilise the government’s rising deficit with
Ireland tax rises to support Corporate Tax rate Ireland has increased its standard Value Added Tax rate from 21% to 23% from 1 January 2012. This follows the major economic
Germany’s Ministry of Finance has imposed the obligation for annual balance sheet electronic filings, e-Bilanz from 2013. This covers the balance sheet submitted as part of income tax filings. Read
Portugal has announced a rise in its standard VAT rate from 21% to 23% from 1 January 2011. The follows the worsening Euro financial crisis, and threat to a number of countries’
Financial crisis leads to austerity tax rises The UK has increased its standard Value Added Tax rate from 17.5% to 20% from 4 January 2011. This comes as the government’s
Poland austerity VAT hike Poland has become the newest European country to increase its indirect tax rate to help cope with financial crisis and Euro currency crisis. Its standard rate
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