Italy has updated the rules to entitle taxpayers to apply zero-rating on intra-community supplies. You can check the right Italian or other VAT calculations on individual or batch transactions with our Advisor and Auditor services. Sales (despatches) of goods from one EU country to another are
Euro currency crisis forces tax rises The Czech Republic has increased its Value Added Tax rate from 20% to 21% from I January 2013. It had only increased it to 20% from 19% in January 2010. The reduced VAT rate will also rise from 14%
Simplification of old 5% sales tax The West African state of Gambia has introduced Value Added Tax from 1 January 2013. The standard VAT rate is 15% This replaces the 5% Sales Tax, on a much wider tax base. Many basic foodstuffs will be zero-rated
Sales Tax replaced by Value Added Tax Andorra has replaced its Sales Tax regime with a full Value Added Tax system from 1 January 2013. For updated like this try our free registration for our global VAT and GST news. The Sales Tax was levied
Netherlands hit by financial and Euro crisis; forces VAT rise The Netherlands has raised its standard Value Added Tax rate from 19% to 21% from 1 October 2012. The comes as the country attempts to control its budget deficit and market confidence in the midst
Currency crisis forces tax rise Spain has become the latest European country to raise its standard Value Added Tax rate in the face of the worsen financial and Euro-currency crises. The rate will rise from 18% to 21% from 1 September 2012. Spain already had
VAT overhaul continues with 2015 completion target Further details have been provided on cities and provinces starting their Value Added Tax pilots in China. The pilot originally started in Shanghai in 2021 and should complete by 2015/16. Details of specific commencement dates for different Chinese
A pilot program to modernise the Chinese Value Added Tax regime is being extended to 13 new states. The pilot is being monitored in Shanghai, where it was initially launched. In July a further launch will take place in Beijing, as the second province. It
Hungary has increased its standard Value Added Tax rate from 25% to 27% from 1 January 2012. This indirect tax rise is to help stabilise the government’s rising deficit with the aftereffects of the 2007/08 financial crisis and the ongoing Euro currency crisis. The reduced
Ireland tax rises to support Corporate Tax rate Ireland has increased its standard Value Added Tax rate from 21% to 23% from 1 January 2012. This follows the major economic dip suffered following the 2007/08 financial crisis and subsequent Euro currency crisis. The main reduced
