Bank warns loss of tourism trade undercuts expected revenues of accomodation 2026 VAT rise to 21% The Dutch bank, ABN Amro, has challenged the Dutch government’s decision to increase VAT from 9% to 21% for hotels, holiday parks, and other sectors, suggesting that the policy
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
Japan updates qualified invoice regime with optional e-invoicing standard – Peppol BIS Billing International (‘PINT’) 1.02 On 1 June 2024, Japan updated its PINT e-invoicing standard to 1.0.2. PINT (Peppol International) is the format being adopted increasingly globally by tax authorities, based on the original
‘Super Nota’ Tax reform proposal to reignites consolidation of 6% and 12% reduced VAT rates to new 9% rate Flemish politician and chief negotiator on forming the next Belgian Federal Government , Bart De Wever, has put together a comprehensive tax plan to be at
Zakat publishes proposed VAT changes to improve compliance and standardise to international rules Proposed amendments to the Saudi Arabian VAT regulations have been put out to consultation by Zakat, Tax and Customs Authority. These will introduce a range of updates to the VAT regime to
Temporary domestic gas and electricity cut from 13.5% to 9% extended for fourth time to April 2025 Discussions for the upcoming Irish budget include a further prolongation of the reduced VAT rate on domestic gas and electricity supplies. The current 9% rate, down from 13.5%
2% DST on digital services launched in July 2022 The Nepalese Inland Revenue Department has updated its Digital Services Tax Act for 2024. The threshold for being subject to the 2% turnover tax digital services within scope has been raised from NPR 2 million to
