Major global Value Added Tax and Goods and Services Tax changes from 1 September 2022 To get free regular e-mail alerts on global VAT or GST changes, sign-up to our newsletter Or check global VAT rates in over 300 jurisdictions here
VAT launch rate likely to be lowered to 10% from 15% on inflation fears The South American state of Suriname’s National Assembly is now reviewing a Bill to introduce VAT on 1 January 2023 at 10%. The plans were last scheduled for June 2022 at 12%,
Eurozone energy inflation 42% July 2022 (39% June); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.9% in July,
B2B reverse charge option withdrawn for foreign providers of digital services The VAT Digital Marketplace Supply Regulations, which governs the rules for non-resident providers and marketplaces to charge Kenyan VAT, have been updated with a number of changes, including: Withdrawal of the reverse charge for
Global inflation concerns pushes introduction of VAT back further year; 1% turnover tax rise in meantime The Dutch Caribbean dependency has delayed the introduction of VAT a further year to 1 January 2024. The latest postponement was announced based on global inflation worries and the
Draft Bill to impose 12% VAT on nonresident digital or electronic service providers and marketplace platforms approved by House committee The Philippines House of Representatives Ways and Means board approved today, 17 August, a bill that would impose VAT on foreign providers of digital and
171 countries have implemented VAT or GST at 1 July 2022 as Anguilla adopts GST Since the first introduction of a Value Added Tax in France in 1954, it has now been adopted by 171 countries around the world. This follows Anguilla’s adoption of a
