Current 15% VAT rate may rise by up to 2% The Caribbean island nation of Dominica is considering a 1% or 2% rise in Value Added Tax. The government is looking at ways to fund a reduction or even full elimination of income tax. This
Small resident enterprises may switch to annual VAT reporting with 3 annual payments of VAT due Switzerland’s Federal Tax Administration (FTA) has released detailed guidance concerning amendments to the nation’s value-added tax (VAT) system, effective January 1, 2025. At the same time, there are a
Norway and the EU are intensifying their cooperation to combat VAT fraud and claims recovery The EU and Norway have signed an updated agreement on administrative cooperation in the field of VAT The most recent agreement, an update from the 2018 original agreement, updates the
Bill to cut key supplies to 5% rate whilst 2025 standard rate rise to 24% still being considered A new Estonian bill in its parliament is proposing the following reclassifications of taxable reduced rates with the following supplies moving to the reduced 5% rate. restaurant
IMF backs 2% VAT rise to meet Russian invasion costs A mission from the International Monetary Fund has joined the debate on a rise in Ukrainian standard VAT rate from 20% to 22%. A parliamentary finance committee is currently reviewing a consumption tax rise, including
Global VAT & GST adopted in 175 countries Value Added Tax turns 70 today, 10th April 2024. It was introduced in France VAT to a limited number of businesses and supplier as part of a fiscal reform to simplify its jumbled fiscal regime. It was
