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VAT rates News




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

 


South Africa Increases VAT Rate To 15 Percent

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 2, 2018

On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent. Read Full Story

 


South Africa To Increase VAT On April 1

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, March 26, 2018

On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent. Read Full Story

 


IMF Proposes Growth-Friendly Tax Reforms For Italy

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 23, 2018

Italy should shift the tax burden from labor towards consumption and property, in particular by lowering social security contributions and broadening the value-added tax base, a new International Monetary Fund working paper says. Read Full Story

 


EU Proposes To Extend VAT Reverse Charge Mechanisms

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 13, 2018

The European Commission (EC) has proposed that the reverse charge mechanism on a defined list of goods and services, provided for in Article 199a(1) of the VAT Directive, and the Quick Reaction Mechanism (QRM) in Article 199b(1), should be extended beyond December 31, 2018, to tackle VAT fraud, until the new "definitive VAT regime" is introduced. Read Full Story

 


OECD Urges Finland To Broaden VAT Base, Cut Labor Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 7, 2018

The OECD has recommended that Finland reduce its high tax wedge on labor and shift the burden of taxation towards indirect taxation, property taxes, and environmental levies. Read Full Story

 


Finland Wary About EU VAT Rate Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 5, 2018

The Finnish Government has said that while it supports the general objectives of the European Commission's proposals on EU VAT rates, the plan's details should be subjected to further examination. Read Full Story

 


Austria To Lower VAT On Accommodation

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 28, 2018

The Austrian Government will reduce the rate of value-added tax on accommodation this year in an attempt to boost the country's tourism sector, Elisabeth Kostinger, Minister for Sustainability, Agriculture, and Tourism, has announced. Read Full Story

 

 

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