August 2022 VAT & GST changes
Major global Value Added Tax and Goods and Services Tax changes from 1 August 2022 To get free regular e-mail news alerts on global VAT or GST changes, sign-up to our newsletter
India to cut e-invoice threshold to ₹10 crore from October 2022
Further drop in annual sales threshold for India GST payers to adopt electronic invoicing The government has approved a new cut in the annual sales threshold to ₹10 crore (approx.$120 million per annum) for taxpayers mandated to adopt Indian e-invoicing. This will come into effect
VAT TV July 2022 news
July 2022 VAT and GST changes
Major global Value Added Tax and Goods and Services Tax changes from 1 July 20022 To get free regular e-mail news alerts on global VAT or GST changes, sign-up to our newsletter
Anguilla implements 13% GST 1st July 2022
The Caribbean British territory of Anguilla has introduced a 13% Goods and Services Tax (GST) on 1 July 2022. Mandated business may now register if they are above the GST registration thresholds (see below). Introducing a full consumption tax has been debated many times over
Malaysia still evaluating reintroduction of GST
Government still evaluating reintroduction of Goods and Services Tax to replace Sales and Services Tax Malaysia is again facing calls to reintroduce a Goods and Services Tax to replace its turnover-based Sales and Services Taxes. GST was first introduced in April 2015 to replace SST,
India GST rate consolidation delay on inflation worries
Proposals to consolidate from 4 rates to 3 likely to go hold due to inflationary fears Long waited plans from the Goods and Services Tax Council to rationalise the GST rates from 4 to 3 slabs look certain to be delayed as inflation in April