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
GTT sales tax once UK-EU treaty completed The Mediterranean UK overseas territory of Gibraltar is likely to introduce a turnover tax once the UK and EU have agreed a post-Brexit treaty. Key features of the new sales tax are: Gibraltar Transaction Tax GTT Likely rate
5 tax agencies Phase 2 EU ViDA Digital Reporting Requirements transaction data technical challenges Denmark, Finland, Iceland, Norway and Sweden tax authorities have completed a second phase of their pilot technical trial of exchanging VAT invoice data based on the EU ViDA Digital Reporting Requirements proposal.
BC retrospectively broadens PST net on software The Canadian province of British Columbia has retrospectively widened the Provincial Sales Tax net on software. The change removes the limit of sales tax obligations from just ‘software programs’ to software. This means many digital services that did
HMRC changes scope of VAT due to changes in carbon credit market In the UK, the sale of carbon credits are outside of the scope of VAT as there was no secondary market for onward supply. The UK’s HMRC is changing this from 1 September
Government considering VAT and other tax rises to fund military spending Following the Russian invasion of Ukraine in 2022, Lithuania is looking at a 1% VAT increase to 22% to help meet additional military spend. Estonia VAT increased at the start of this year to
Anti-fraud measures to help close VAT Gap The Slovak Republic government has put out to consultation two changes to the VAT law to help reduce the Central European country’s VAT Gap. Slovakia has made great strides in cutting the deficit between expected and actual VAT
World Bank recommends Pakistan consolidated GST regime The World Bank is advocating for Pakistan to merge its federal and provincial revenue agencies into a unified General Sales Tax (GST) collection entity, as recommended by the World Bank. However, this entails significant legislative hurdles and potential
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
Proposal for 1% VAT rise for social spend A review of the financial position of the social protection fund has proposed to the Malawian government a Value Added Tax rise from 16.5% to 17.5%. Such a rise would edge Malawi towards the high end of
