Oct 2024 VAT rise postponed again; Oct 2025 potential next date The Thai cabinet on 17 September 2024 confirmed that the scheduled rise in VAT from 7% to 10% will not go ahead on 1 October 2024. VAT was cut from 10% to 7% in
Goods and Services Tax evasion balloons despite success of e-invoicing In the fiscal year 2023-24, Goods and Services Tax (GST) evasion in India escalated significantly, reaching a staggering ₹2.01 lakh crore, as per data released by the Directorate General of GST Intelligence (DGGI). This marks
Goods and Services Tax Council recommends B2B e-invoicing extension with B2C pilot and voluntary option The GST Council, which overseas the operations of India’s GST regime, on 9 September 2024 at its 54th meeting said that it is now recommending a voluntary pilot for B2C
Cabinet evaluates reimplementing broad GST to replace Sales and Services Taxes Prime Minister Anwar Ibrahim’s Cabinet has been again evaluating the introduction of a Goods and Services Tax. This latest evaluation is down to strong growth in the economy and a reluctance to reform diesel
Talks begin September on consolidating 12% & 5% Goods and Services Tax rates Following the ruling BJP party failing to secure a majority in this months national general election, India’s GST Committee is to revisit the consolidation of the country’s five rates to four (inc
1st Aug 2024: Budget removes contentious tax on non-resident providers of digital services The latest Indian budget has confirmed the scrapping of the 2% equalisation levy on digital companies, online education-providing firms, and software-as-a-service (SaaS) providers without a permanent physical presence in India. This is
India’s Union Budget includes Goods and Services Tax rate changes and simplifications India’s Finance Minister, Nirmala Sitharaman, published the 2024 – 25 budget on 25th July. Aside from a range of GST simplifications, it also included wider administrative changes for the Finance Bill 2024. India
Imposition on digital platforms Goods & Services Tax 1 April 2024 on ride and accommodation sharing New Zealand has imposed on gig & sharing economies platforms GST collections obligations from 1 April 2024. This shifts the indirect tax requirements from the accommodation and transportation service providers
