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
European Finance Minister meeting at ECOFIN on 18th June failed to agree on a compromise to enable more reduced rate setting freedoms for member states. Countries such as Germany, France and Sweden were not in agreement around environmental protections rules being proposed by the Portuguese
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%,
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
COVID-19 VAT rate cut Belgium has approved a 6% reduced VAT rate on restaurants between 8 May and 30 September 2021. This will include non-alcoholic beverages consumed on premises. The regular rate is the 12% reduced rate. The current VAT rate in Belgium is 21%. This
Angola has introduced a Value Added Tax registration threshold of AOA 10million per annum (approx. €13,000). Angola introduced VAT in October 2019 initially for large taxpayers. It then extended it to most businesses on 1 January 2020. For two years, smaller businesses were on a
COVID-19 crisis forces tax hike The African state of Botswana has been forced into a Value Added Tax rate rise from 12% to 14%. The measure is to shore up revenues following the COVID-19 crisis which has affected its tourism and mining sectors. There will
Ukraine has introduced a new 14% reduced VAT rate from 1 March 2021. This is added to the existing standard VAT rate of 15% and the reduced rate of 7% on pharmaceuticals, and admission to cultural / cinema / sport etc and . The original
Kenya has returned its standard VAT rate to 16% from 14% on 1 January 2021. The rate was temporarily reduced to 14% on 1 April 2020 to help support businesses and consumers as the COVID-19 pandemic struck in 2020. The African country also reduced its
