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Jamaica cuts GCT rate to 15% 1 April 2020

COVID-19 forces General Consumer Tax subsidy

In its 2020/21 budget, the Caribbean Island of Jamaica has reduced its standard General consumption tax (its Value Added Tax) rate from 16.5% to 15%. This will tax effect from 1 April 2020.

The GCT cut is aimed at providing relief to businesses and consumers during the coronavirus crisis.

There was an initial plan to return the rate back to 16.5% once the COVID-19 crisis has abated, but no date has been confirmed.

General Consumption Tax

It also operates a higher GCT rate of 25% on telecoms supplies, as well as reduced rate of 10% (hotels, tour operators and related travel) and 2%. Plus nil-rating on some supplies.

For all global VAT and GST rates see our international tax rates database.

Future global VAT / GST changes

Date Country VAT / GST  changes (click for details)
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2024 Europe 2024 European VAT & Intrastat thresholds
1 Feb 2024 Saudi Arabia Seventh wave of mandated e-invoicing
1 Feb 2024 Bolivia 4th wave of e-invoicing
14 Feb 2024 Morocco VAT on digital services
1 Mar 2024 Germany End of domestic fuel VAT cut
1 Mar 2024 Saudi Arabia 8th wave of e-invoice mandate
1 Mar 2024 Malaysia Service Tax rises to 8%
1 Mar 2024 Bolivia 5th wave of e-invoicing mandate
? Mar 2024 Ecuador VAT rise
1 Apr 2024 Greece myData live invoice reporting via ERPs
1 Apr 2024 Poland Food VAT rate cut ends
1 Apr 2024 Israel mandatory pre-clearance e-invoicing
1 Apr 2024 Kenya End grace period on e-invoicing
1 Apr 2024 Senegal VAT on non-resident digital services
1 Apr 2024 New Zealand 15% GST on gig and sharing economies digital platforms
1 Apr 2024 Japan Marketplace deemed supplier obligations e-commerce
1 Apr 2024 Ecuador 3% VAT rise
1 Apr 2024 Bolivia Sixth wave of B2B e-invoicing
1 May 2024 Cyprus Temporary VAT cut on essentials ends
1 May 2024 Uruguay End of reduced VAT rate on tourism
1 May 2024 Uruguay Extension of e-invoicing regime
15 May 2024 Mauritius Mandatory pre-clearance e-invoicing
1 Jun 2024 Austria SAF-T reboot
1 Jun 2024 Saudi Arabia 9th wave of e-invoicing
1 Jul 2024 Spain Certified electronic invoice software
1 Jul 2024 Spain Basic foods temporary VAT rate cut ends
1 Jul 2024 Greece Ends COVID-19 temporary reduced rates
1 Jul 2024 Romania Full mandatory B2B e-invoicing
1 Jul 2024 Bulgaria End tourism VAT rate cut
1 Jul 2024 Slovakia VAT registration threshold rise
1 Jul 2024 Zambia Mandatory e-invoicing
1 Jul 2024 Vietnam 2% temporary VAT cut ends
1 Jul 2024 Bhutan Implementation of VAT
1 Aug 2024 Malaysia Mandatory B2B e-invoicing
1 Oct 2024 Thailand VAT rise to 10%
1 Oct 2024 Oman Mandatory e-invoicing
1 Nov 2024 Ireland End of temporary VAT cut on energy
1 Dec 2024 Botswana Mandatory e-invoicing rollout
2025
1 Jan 2025 EU Single VAT Registration in the EU - extension of OSS
1 Jan 2025 EU Marketplaces deemed supplier for EU sellers' VAT
1 Jan 2025 EU Accommodation & travel platforms deemed supplier for VAT
1 Jan 2025 EU EU IOSS mandated for marketplaces
1 Jan 2025 EU Call-off stock VAT simplification ends
1 Jan 2025 EU Harmonisation of B2B Reverse Charge rules
1 Jan 2025 EU Increased VAT rate setting freedoms
1 Jan 2025 EU VAT rate thresholds change foreign companies
1 Jan 2025 EU EU VAT rule changes on cross-border virtual events
1 Jan 2025 Sweden VAT registration threshold rise
1 Jan 2025 Belgium VAT return rule changes
1 Jan 2025 Germany Structured E-invoicing adoption
1 Jan 2025 Finland Reduced VAT rate changes
1 Jan 2025 Greece Potential e-invoice mandate
1 Jan 2025 Portugal Food VAT rate cut ends
1 Jan 2025 Portugal SAF-T Accounting becomes mandatory
1 Jan 2025 Portugal Qualified Electronic Signature mandatory
1 Jan 2025 Latvia B2B e-invoices mandated
1 Jan 2025 Estonia Accommodation and press publication VAT rise
Jan 2025? Estonia Suppliers must offer customers e-invoicing option
1 Jan 2025 Romania Final wave of SAF-T taxpayers
1 Jan 2025 Bulgaria Phased introduction of SAF-T
1 Jan 2025 Bulgaria End catering VAT rate cut
1 Jan 2025 Ukraine SAF-T for large taxpayers
1 Jan 2025 Switzerland Deemed supplier for marketplaces on goods
1 Jan 2025 Switzerland Various VAT changes
2025? Israel mandatory pre-clearance e-invoicing
1 Jan 2025 Tajikistan VAT cut to 13%
1 Jan 2025 Japan Consumption Tax on non-resident app stores
1 Jan 2025 Indonesia VAT rate to rise 1% to 12%
1 Jan 2025 Malaysia 2nd phase of e-invoices mandate
1 Jan 2025 New Zealand 3% Digital Services Tax
1 Jan 2025 Paraguay Last wave of mandatory e-invoicing taxpayers
15 Jan 2025 Dominican Republic 2nd wave of mandatory e-invoicing
1 Apr 2025 Japan Deemed supplier VAT on marketplace e-commerce
1 Jul 2025 Spain Potential mandatory B2B e-invoicing
1 Jul 2025 Spain Certified electronic invoicing requirements
1 Jul 2025 Malaysia 3rd phase of e-invoicing mandate
2026
1 Jan 2026 EU DAC8 harmonised crypto asset reporting
1 Jan 2026 Belgium Peppol-based mandatory B2B e-invoices
1 Jan 2026 Croatia Mandatory B2B e-invoicing
1 Jan 2026 Brazil VAT implementation begins
1 Jan 2026 India Potential B2C e-invoicing
15 Jan 2026 Dominican Republic 3rd wave of mandatory e-invoicing
1 July 2026 UAE Mandatory e-invoicing
1 Sept 2026 France E-invoice and e-reporting for B2B and B2C
2027
1 Jan 2027 Germany Large companies e-invoicing compulsory
1 Jan 2027 Ukraine SAF-T for all taxpayers
1 Sep 2027 France Phase 2 mandatory e-invoicing
2028
1 Jan 2028 Germany Small companies e-invoicing
Jan 2028 EU EU Customs reforms
1 Mar 2028 EU €150 import consignment threshold removed
2030
1 Jan 2030 EU Digital Reporting Requirements including e-invoicing harmonisation
1 Jan 2030 EU Structured e-invoices supersede paper invoices
1 Jan 2030 EU EC Sales lists replaced by Digital Reporting Requirements

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