10th April 1954 France adopted VAT in Ivory Coast; now implemented in 175 countries Value Added Tax turns 71 today, 10th April 2025. It was first introduced in April 1954 in the French colony of Ivory Coast. Then VAT was implemented in France in 1956
E-invoicing 30-day reporting threshold cut April 2025 India’s GST Council, which overseas the national e-invoicing regime, is cutting the threshold on the 30-day reporting requirement to its portal, the Invoice Registration Portal (IRP). From 1 April 2025, any business subject to Indian e-invoicing with a
Threat of US reciprocal tariffs leads to removal of ‘Google Tax’ from 1 April 2025 India’s Lower House of Parliament has voted to withdraw its 6% Equalisation Levy from 1 April 2025. This is be contained within amendments proposed in the 2025 Finance Bill. The
Talks talks progress on consolidating 12% & 5% Goods and Services Tax slabs India’s Finance Minister, Nirmala Sitharaman, has confirmed 8th March 2025 that talks started last September on rationalising Goods and Services Tax ‘slabs’ or rates are in their final stages. The aim is
Summary of The Finance Act 2025 and Amendments to the CGST Act The Finance Bill 2025, submitted on 1 February, was enacted this week. It contains a number of changes to the Goods & Services Tax (GST) regime. These changes aim to simplify tax compliance,
175 countries have implemented VAT or GST – January 2025 Since the first introduction of a Value Added Tax in France in 1954, it has now been adopted by 175 countries around the world. The latest is Guinea-Bissau, implementing VAT on 1 January 2025. You
