Ongoing economic disruption means VAT cut prolonged for further six months Uruguay has raging extended its reduced Value Added Tax rate for tourism services as the economic effects of the coronavirus continue. VAT on hospitality services is normally 22%. This was cut to 13% in
Proposal to eliminate reduced rate as part of wider 2030 tax simplification plans Vietnam has proposed consolidating its reduced rate of 5% with the standard rate of 10%. The reduced rate currently includes: Basic foodstuff; transport; agriculture; medicines; cultural, cinema; books; education; scientific and tech.
Effects of cost-of-living crisis prompts extension of VAT rate cut from 13.5% to 9% to 28th Feb 2023 Ireland’s government has announced on 10 May 2022 a second extension of the reduced VAT rate on restaurant, cafe, catering and tourism services past the planned deadline
Fourth extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the fourth time its application of the reduced 6% VAT rate on hotel and restaurant services until 23 June 2022. It was due to run out on 24 April 2022.
Right to claim delayed VAT payments as pandemic continues to disrupt The Chilean tax authorities, Internal Revenue, has provided a number of reliefs on Value Added Tax payments. These include the option to apply for two months’ payment delays on VAT remittances for small businesses.
Stringent COVID-19 lockdowns lead to VAT break The Chinese Ministry of Finance and State Taxation Administration have confirmed that delivery services will be zero-rated between 1 May and 31 December 2022. This will cover express delivery services of household essentials, aimed at providing some support
Ongoing COVID-19 disruption prompts VAT cut for restaurants, cafes and takeaways Lithuanian lawmakers are reviewing a Bill to reduce the VAT rate on food services from the standard rate of 21% to the reduced rate of 9%. This would affect the following outlets: Restaurants Cafes
Tourism, hospitality, alcohol gets further quarter VAT and duties relief Paraguay has extended reliefs granted to a range of tourism and hospitality sectors VAT and duty reliefs in recognition of the ongoing disruption from the COVID-19 pandemic. The measures have now been prolonged into April,
COVID-19 hospitality VAT rate cut introduced in July 2020 now withdrawn The UK temporary Value Added Tax rate cut on hospitaliy and tourism has now ended, with the sector now returning the standard VAT rate of 20%. The pandemic cut to support hotels, catering and
10% to 11% VAT increase completed; further 1% rise to 12% in 2025 Indonesia has completed the first part of a two-stage VAT rise. From 1 April, VAT has increased from 10% to 11%. It will rise again to 12% in 2025. Register for our