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
India 55th Goods & Services Tax Council Meeting Summary of Recommendations The 55th GST Council – which oversees operations and reforms of the indirect tax – convened in Jaisalmer, Rajasthan, on December 21, 2024, under the chairpersonship of Union Finance Minister Smt. Nirmala Sitharaman. The meeting
January 2027 proposed introduction of Goods and Services Tax A plan for the launch of 5% GST to Guernsey and Alderney in 2027 are to be developed following the November 2024 rejection of imposing an income tax rise are rejected. The islands Policy and Resources
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
2025 Budget unlikely to announce reimplementing GST to replace Sales and Services Taxes Rumours of an announcement at this week’s 2025 Budget of the reintroduction of Goods and Services Tax have been played down by prime minister Datuk Seri Anwar Ibrahim. He said on 13
