Consultation on 0.5% reduction from 14% for reduced rate; no change to 25.5% standard rate A public consultation has been launched on 20 June 2025 on the Finnish government proposed reduced VAT rate cut by 0.5% from 14% to 13.5%. This was contained within the
Federal government proposal to hike VAT from 7.5% to 10% was rejected by the Senate The Nigerian Senate at the start of May has rejected a proposed phased rise in VAT from 7.5% to 10%. Otherwise, it did accept the government’s Revenue Service (Establishment) Bill
Tourism VAT cut prolonged again for further six months till 28 April 2026 Uruguay has extended for the forth time 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
2025 budget ends COVID VAT cut to 9% for restaurant and catering services The Bulgarian 2025 budget has withdrawn the temporary reduced VAT rate of 9% on restaurant services from 1 January 2025. The measure was first introduced in July 2020. The cut also included
1st January VAT rise to 12% but only on luxury goods The Indonesian government has increased the Value Added Tax rate from 11% to 12% from a January 2025 on luxury goods only – applicable to certain goods and services. To support the less-well-off, the
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
Kenya’s Treasury Secretary mulls 2% VAT cut to stimulate growth The Kenyan Treasury Cabinet Secretary has floated a 2% VAT rate cut from 16% to 14%. This would come with a Corporate Income Tax reduction from 30% to 25%. The tax cuts, the Secretary believes,
1.5% VAT rate rise to 25.5% on 1 September 2024; reduced rate increases Jan 2025 Finland has increased its standard Value Added Tax rate to 25.5% on 1 September 2024. The 10% and 14% reduced rates will remain the same, but there will be upward
Over 300 jurisdictions’ indirect tax rates tracked live At VATCalc, we track Value Added Tax, Goods and Services and sales tax rates in over 300 jurisdictions. These are detailed in the searchable table below. All these indirect tax rates are included within our global tax
Update: budget passed in parliament Jan 2024 The Lebanese 2024 Budget was approved by parliament on 26 January. It has not yet been published in its revised format, but looks to have removed a proposed VAT increase to 15% Draft 2024 budget includes 4% increase
