The Greek finance ministry has announced that the reduced Value Added Tax rates enjoyed by Chios, Kos, Leros, Lesbos and Samos have been extended indefinitely. As locations for refugee centres over the past years, plans to withdraw a holiday VAT rate discount enjoyed for years
As a result of the COVID-19 pandemic, the island of Cyprus is to reduce Value Added Tax rates on hotels and certain transport. The changes involve a range of services moving from the reduced 12% rate to the 5% rate between 1 July 2020 and
The Indian Goods and Services Tax latest filings deadlines have been extend in light of the emergency COVID-19 situation. Indian GST was introduced in 2017. The following extensions were provided by Central Board of Indirect Taxes and Customs (CBIC): May GSTR-1 deadline extended to 26
The Paraguayan government has extended the reduction Value Added Tax rate on hotel and overnight accommodation, tourism and tourist transport, and catering services. It may be applied by hotels, travel agents, restaurants, cafes and related catering services. It applies just 10% VAT on 50% of
Uruguay has extended 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 was cut to 13% in November 2020. It has now been extended until 30 April 2022. To
The Baltic state of Lithuania is to temporarily cut its Value Added Tax rate from 21% to 9% until 31 December 2022 on the following services: Restaurants and cafes (excluding alcoholic drinks) Catering services Sports events and activities Cultural attractions accommodation The tax cut will
COVID-19 VAT cuts to support key sectors Norway has extended VAT the application of the new 6% VAT rate on certain supplies until 30 September 2021. It had been scheduled to run out on 30 June 2021. The reduced rate was originally set at 12%,
VAT loans based on prior VAT remittances during pandemic Denmark has extended again its innovative VAT loan repayment scheme as coronavirus lockdown is extended. It is also pushing out its wage tax plans. The loan scheme, launched in April 2020, enabled taxpayers to request a
Two temporary cuts to VAT rates extended till 30 September 2021 during COVID-19 pandemic Turkey has extended again the reduce the Value Added Tax rate on accommodation and other services to the 1% reduced rate, this time until 30 September 2021. A range of other
The Saudi Arabian crown prince has stated that the 1 July 2020 VAT rise from 5% to 15% may be reversed in the future. Saudi VAT trebling to 15% July 2020 The trebling of VAT was brought in to shore-up government revenues at the height
