Existing transport VAT rate discount extended to 31 December 2022 The Paraguayan President’s department has rolled over the 50% VAT discount – to an effective reduced VAT rate of 5% from the standard rate of 10%. This was due to end on 31 September; it
President confirms second VAT rate cut in four years The President of the Central Asian state of Uzbekistan has reconfirmed a reduction of Value Added Tax from 15% to 12% next year. The ruling Liberal Democratic Party of Uzbekistan announced the reduction last year that
July 8% inflation prompts proposals to cut VAT rate on range of foods As inflation hit a 36-year high in July at 8% (June 6.8%), the government is considering a range of temporary VAT rate cuts: Bread and pasta cut to zero VAT rate; and
2022 Budget introduces VAT rise on certain imports to fund foodstuffs rate cut The Revised 2021-22 Fiji Budget has raised VAT from 9% to 15% on certain companies and imported goods and services. This rise replaced the Environment and Climate Adaptation Levy (ECAL). This applied
First stage GST hike next year with more to come to fund ageing population Singapore is increasing its Goods and Services Tax rate for the first time in 15 years announced today in the 2022 Budget. It will be in two steps: January 2023 rise
Costs of ageing population forces broadening of VAT net Chile is to broaden the scope of services subject to its Value Added Tax regime from January 2023. This is one of a range of measures being introduced to meet the rising costs of the South
Singapore is likely to have to delay its long-planned Goods & Services Tax rise from 7% to 9% due to inflationary pressures. It was suggested that it could be imposed in July 2022 to help meet the costs of an ageing population. However, it is
Shura Council and Council of Representatives have now both approved VAT hike due to COVID-19 pandemic The Arab Gulf Kingdom of Bahrain will raise its standard Value Added Tax rate from 5% to 10% from 1 January 2022 following the formal approval by upper house
e-publications allowed same VAT rate as paper-versions Romania is to reduce the Value Added Tax rate on e-books from 1 January 2022. This will include audio books, blogs, electronic newspaper and journals. The follows a 2018 agreement between member states to allow the harmonisation of
Consumption tax hikes announced ahead of final independence vote The French Pacific territory of New Caledonia is to raise its Value Added Tax rates in 2022, as follows Jan 2022: 6% rate on local services is to increase to 11% on 1 Jan July 2022:
