VAT rates News

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

Ireland Lowers Headline VAT Rate

by Jason Gorringe, Tax-News.com, London

Wednesday, September 9, 2020

A temporary reduction in Ireland's standard rate of VAT entered into force on September 1, 2020. Read Full Story

Turkey Temporarily Reduces VAT Rates

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 7, 2020

On July 31, 2020, a presidential decree was published in Turkey's official gazette providing for a temporary value-added tax cut across numerous sectors. Read Full Story

German Cabinet Approves COVID-19 VAT Cut For Catering

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 15, 2020

On May 6, 2020, the German Cabinet adopted the draft Coronavirus Tax Assistance Act, which provides for a temporary reduction in value-added tax on food served in catering outlets. Read Full Story

Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, March 30, 2020

On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent. Read Full Story

Turkey Cuts VAT On Furniture

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 15, 2020

The Turkish Government has decided to reinstate a reduced rate of value-added tax on supplies of furniture, according to Finance Minister Berat Albayrak. Read Full Story

German Lawmakers Agree Climate Package

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 23, 2019

On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures. Read Full Story

Dutch Senate Approves Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 23, 2019

On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes. Read Full Story

OECD Urges Colombia To Rethink Tax Breaks

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

Friday, November 8, 2019

The OECD has recommended that Colombia pursue value-added tax and income tax reforms to plug revenue leakages and improve the fairness of the tax regime. Read Full Story

Singapore Announces Plans For GST Reforms

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

Friday, November 8, 2019

Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies. Read Full Story

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