VAT rates News

Greek Parliament Approves VAT Cuts

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 21, 2019

The Greek Government has announced that parliament has approved legislation reducing the rate of value-added tax on food and energy. Read Full Story

Czech Lawmakers To Decide On VAT Rate Cuts

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 29, 2019

On April 17, 2019, the Czech Finance Ministry announced that legislation, which includes value-added tax cuts on water, sewerage, catering, and professional services, has been submitted to parliament for its third reading. Read Full Story

Indian GST Council Endorses GST Rate Changes For Housing

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 14, 2019

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country. Read Full Story

OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 7, 2018

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Read Full Story

EU Tells Italy To Revise 2019 Budget Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 26, 2018

On October 23, 2018, the European Commission issued a request to the Italian Government that it revise its draft budgetary plan for 2019 because it breaches European Union fiscal rules. Read Full Story

OECD Welcomes Dutch Efforts To Counter BEPS

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The OECD has welcomed efforts by the Dutch Government to tackle base erosion and profit shifting but called for the overall tax regime to be simplified, including in area of value-added tax. Read Full Story

UAE Waives VAT On Precious Metals Trading

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, May 3, 2018

The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax. Read Full Story

South Africa Launches VAT Zero Rate Review

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, April 27, 2018

Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate. Read Full Story

Czech Republic Considering Expanding Scope Of VAT Reduced Rate

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 12, 2018

Czech lawmakers are considering an amendment to the VAT Act put forward by the Czech Ministry of Finance to significantly expand the scope of the value-added tax reduced rate. Read Full Story