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Ghana abandons VAT rise

Ghana has confirmed that it will not go ahead with the previously proposed VAT rise. It had been announced in February that it would rise from 15% to 17%. This includes a proposal to reintroduce VAT o...Continued

VAT

Moldova cuts hotel VAT

Moldova has proposed recategorising the VAT rate on hotel and restaurant services from the standard 20% rate to the reduced rate of 10%. The new rate will apply form October 2018. Tourism tax subsidy...Continued

VAT

India cuts e-book VAT to 5%

On 21 July, India’s Central Board of Indirect Taxes & Customs approved a reclassification of the e-books VAT from the standard rate to 18% to the lower rate of 5%. One condition for the application...Continued

VAT

Uruguay VAT on foreign digital services

Uruguay has clarified the liabilities to VAT for non-resident providers of digital or electronic services. The current VAT rate in Uruguay is 22%. In Decree 144/018, supplies of streaming media, ga...Continued

VAT

China VAT cuts boost exports to US despite tariff wars

China’s lowering of VAT in May on aluminium exports to the US and rest of the world has helped contribute to a 37% growth sales (source: Chinese Customs, June 2018). This comes despite the US imposing...Continued

VAT

Mexico reintroduces border reduced VAT

Mexico is planning to reintroduce a reduced VAT rate in the 19 mile border area next to the US border. The rate for standard supplies will be 8% compared to the regular 16%. Until 2013, there was a...Continued

VAT

Vietnam VAT hike proposal

Vietnam’s government is considering a VAT rise from the current 10% standard and 5% reduced rates. The tax rise is required to meet commitments to reduce import tariffs. There are two proposals und...Continued

VAT

Global VAT changes 1 July 2018

Below is a summary of major VAT and GST changes that come into effect on 1 July 2018: Australia drops GST-free levy on small goods, and requires non-resident e-commerce companies to register if o...Continued

VAT

China cuts VAT on books and journals

China is to cut the VAT rate on books, newspapers, journals, e-publications etc published by the Communist Party to 0%. Publications by other organisations for children and elderly are also to be nil-...Continued

VAT

Colombia VAT on e-services July 2018

Colombia has levied VAT on the provision of electronic services to its consumers by non-resident providers. The measure comes into effect on 1 July 2018. DIAN (Dirección de Impuestos y Aduanas Naci...Continued