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VAT rates News




Hungary Lowering VAT On Food

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 13, 2018

The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. Read Full Story

 


India's GST Council Agrees Regime Changes

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

Monday, January 22, 2018

India is to cut goods and services tax rates for a wide range of goods and services from January 25, 2018, and pilot the e-way bill from February, the nation's GST Council has agreed. Read Full Story

 


EU To Ease VAT Rules On Rates, SMEs

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 19, 2018

The EU has unveiled plans to give member states greater power to vary VAT rates and to relax VAT rules for small businesses. Read Full Story

 


Lithuania Enacts Corporate Tax And VAT Changes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 17, 2018

Enhanced corporate tax incentives and certain changes to value-added tax rules have been introduced in Lithuania as part of the 2018 Budget, approved by parliament in December. Read Full Story

 


Saudi Arabia Legislates To Absorb VAT On Education

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, January 12, 2018

Saudi Arabia's tax agency has set out the arrangements through which Saudi nationals will not bear the value-added tax that must be charged on education services under the Gulf Cooperation Council's harmonized value-added tax, which was introduced from January 1, 2018. Read Full Story

 


Seychelles Lifts Import Duties On Certain Building Materials

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 10, 2018

Effective January 1, 2018, import duty was removed in the Seychelles on dietary supplements, corrugated iron sheets, and various other building materials, including panels, tiles, and other similar materials. Read Full Story

 


Liechtenstein Amended VAT Rates, Rules On January 1

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, January 9, 2018

Liechtenstein introduced comprehensive changes to its value-added tax regime from January 1, 2018, on the basis of the law of November 10, 2017, on the amendment of the VAT law, published in the nation's Official Gazette. Read Full Story

 


Iceland's 2018 Budget Approved

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, January 9, 2018

Iceland's Parliament has approved a number of tax changes as part of the 2018 Budget, including the extension of a value-added tax break on supplies of low-emission vehicles. Read Full Story

 


EU Consults On Making 15pc Minimum VAT Rate Permanent

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 5, 2018

A European Union consultation is ongoing on a draft Directive that would make permanent the provision in the EU VAT Directive that requires all member states to levy a minimum standard VAT rate of at least 15 percent. Read Full Story

 


Bahrain Commits To Introducing VAT This Year

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, January 5, 2018

Bahrain has affirmed that it will introduce the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story

 

 

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