Minister reconfirms VAT rise to 12% 1st January 2025 despite doubts The Indonesian scheduled 1% VAT rise to 12% standard rate is to go ahead per the Minister for Economic Affairs on 3 December. This is despite doubts as the government and House of Representatives
2025 budget to end COVID VAT cut to 9% for restaurant and catering services The Bulgarian 2025 draft budget is to withdraw the temporary reduced VAT rate of 9% on restaurant services from 1 January 2025. The measure was first introduced in July 2020. The
Tourism VAT cut prolonged again for further six months till 30 April 2025 Uruguay has extended for the third 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
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
Federal government proposal to hike VAT from 7.5% to 10% will be phased The proposed 2.5% VAT increase in Nigeria is likely to be phased in according to the Presidential Tax and Fiscal Policy Reforms Committee. This follows a call by the Minster of Finance
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
New tax code reduces VAT to 14% from 15% 2024; further cut to 13% in 2025 In 2021, Tajik Finance Ministry passed a new Tax Code which will reduce the Value Added Tax rate by 5% in the following 3 steps: 1 January 2022: 18%
