Thailand shelves plans to raise VAT to 10%
Longstanding Oct 2023 VAT rise shelved; Oct 2024 potential next date The Thai Ministry of Finance confirmed on 28 August 2023 that the scheduled rise in VAT from 7% to 10% will not go ahead on 1 October 2023. VAT was cut from 10% to
VAT Calc – calculations on customs procedures and VAT warehousing
Ending complexity of VAT treatment for customs and VAT warehousing and import reliefs Tracking and accurately calculating VAT reliefs on inward processing imports, including reexports or releases into free circulation, is highly complex. Even the EU’s rules on customs procedures and VAT warehouses are varying
Egypt VAT on digital services foreign providers – new guidelines
August 2023 – new guidelines of VAT obligations for non-resident providers of digital services The Egyptian Tax Authority has published English language guidelines on the VAT obligations for foreign providers of digital or electronic services. This includes Electronic Distribution Platforms facilitating marketplaces and digital platforms
Global VAT changes July 2023
How many countries have VAT or GST? 175
175 countries have implemented VAT or GST – June 2023 Since the first introduction of a Value Added Tax in France in 1954, it has now been adopted by 175 countries around the world. This follows the adoption of VAT / GST this month by