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Hungary cuts hotel VAT to 5%

The Hungarian parliament has approved a range of tax cuts for 2020, including the following VAT amendments. VAT on accommodation services from hotels, B&B and house sharing will be reduced from 18% to...Continued

VAT

Indonesia levies VAT on foreign e-commerce

Indonesia is planning to bring non-resident e-commerce sellers into the VAT net. Legislation is being completed for foreign providers of goods and services online to Indonesian consumer to be obliged ...Continued

VAT

Bahrain VAT return guidance

Following the 1 January 2019 introduction of 5% VAT in Bahrain, the local National Bureau for Revenue has issued updated guidance on requirements for VAT returns. ...Continued

VAT

Vietnam foreign B2C e-commerce withholding VAT July 2020

Vietnam is to extend VAT to non-resident e-commerce sellers to consumers from 1 July 2020. This will apply to goods and digital services....Continued

VAT

Kenya VAT update

Kenya is to introduce a range of changes to its VAT regime as per its recent Finance Bill 2019/20. ...Continued

VAT

Zambia delays replacement of VAT till Sep 2019

Zambia has again postponed the replacement of its VAT regime with a sales tax until 1 September 2019. The original plan was for the introduction on 1 July 2019....Continued

VAT

Angola delays VAT till Oct 2019

The July launch of Angola VAT has been delayed until 1 October 2019. The new 14% Imposta sul Valore Aggiunta (IVA) consumption tax replaces the existing Consumer Tax....Continued

VAT

Turkey ends low-value consignment stock relief

Turkey has withdrawn the import VAT low value consignment stock relief at the start of this month. Previously, postal packages with a declared value of €22 or less were exempted from import VAT....Continued

VAT

China VAT cuts give ¥225bn relief against US tariffs

China’s VAT cut from 16% to 13% at the start of April has given Chinese businesses tax relief of ¥225 billion ($33bn) in 2019. The tax subsidy was introduced to support Chinese enterprises as they fac...Continued

VAT

Mexico withholding 8% VAT on ride sharing and food delivery

Mexico has reached agreement on a voluntary 8% VAT withholding with a number of major ride sharing and food delivery online platforms. The measure requires participating platforms to withhold VAT and ...Continued