The Indonesian government has agreed with Parliament – voted on 7 October 2021 – a draft budget including a Value Added Tax standard rate increase from 10% to 11% from 1 April 2022. It will then rise to 12% by 2025. The House of Representatives
VAT subsidies withdrawn as pandemic eases The Netherlands has reaffirmed that many coronavirus pandemic support reliefs will be withdrawn on 1 October 2021. To receive our free global VAT and GST news updates, sign-up here. This includes: The ending of the VAT payment deferral option Zero-rating
COVID-19 disruption results in tax relief The Central American state of Ecuador has extended the deadline for July VAT transaction submission from 20 August to 20 September 2021. This is in recognition of the ongoing COVID-19 health and economic crisis. This includes the payment of
Italy’s latest Value Added Tax compliance relaxation will give VAT-registered businesses additional time to remit any due payments. VAT payments to 15 September 2021 The one-month concessions are as follows: 15 August 2021 payment deadline is now extended to 15 September Option to apply for
The Indian Central Board of Indirect Taxes and Customs has extended the penalty amnesty on late Goods and Services Tax returns from 31 August until 30 November 2021. This gives some relief for businesses suffering from COVID-19 health and economic crisis. This covers the late
The Ministry of Finance has granted a fresh round of easements on Value Added Tax returns and liability payments. VAT payments due by 10th August for the quarter 2 (April to June 2021) returns may now be deferred until 10th 10th September payments (for May
Pakistan has offered delays on Sales Tax and Federal Excise returns. This will cover the July 2021 taxable transactions. The new dates according to an ordnance issued on 13 August 2021 by the Federal Board of Revenue, Inland Revenue, are as follows: Filing of Sales
The Vietnamese Ministry of Finance has announced a range of fiscal measures to support the economy as the coronavirus pandemic continues. This includes a 30% reduction in the 10% standard rate to 7% for income from certain sectors most affected, including: tourism; public transport; hotel
Portugal has further delayed monthly and quarterly VAT returns in recognition of the COVID-19 health and economic crisis. The changes to returns’ filing deadlines covering transactions in July to October 2021 are as follows: July return – due 25th September (instead of 20th) August return
Portugal has confirmed further delays to Value Added Tax deadlines in recognition of the continued disruption from the COVID-19 health and economic crisis. The usual annual 2020 VAT return (IES) has been delayed until 22 July 2021. Ordinarily, it would have been due by 15
