3 Major VAT rate changes in Asia
- Singapore: An increase in the GST rate from 7% to 8% from 1 January 2023 and to 9% from 1 January 2024
- Singapore Updates Guidance on Preparing for GST Rate Change
- The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on the upcoming changes in the GST rate as announced in the 2022 Budget
- Philippines: Sworn declaration for VAT-zero rating of local purchases of registered business enterprises
- Sri Lanka hikes VAT for second time: 12% to 15% September 2022
See also
Other newsitems on VAT rate changes in August
ALBANIA
BANGLADESH
BARBADOS
- Barbados Extends Value-Added Tax Reliefs For Fuels
- Barbados Provides Guidance on Reduced VAT on Electricity Supplies
- VAT on supply of electricity will be reduced from 17.5% to 7.5% on the first 250-kilowatt hours used by households
BELGIUM
- VAT rate painting works
- Providing furnished accommodation: additional conditions to determine the VAT regime
- Green Party want to drop VAT on fruit and greens
BOSNIA AND HERZEGOVINA
- Bosnia cuts VAT on essential foodstuffs as inflation soars
- Botswana MOF Announces Temporary VAT Reductions from Aug. 1, 2022, through Jan. 31, 2023
- Guidance on transitional rules for reduction in VAT rate issued
- Botswana Guidance on Temporary VAT Rate Reduction
- Guidance note on the VAT transitional rules (rate change)
- Transition rules for temporary reduction in VAT rates
- Temporary reduction in VAT rates and other economic measures announced
- Botswana Temporarily Reduces VAT Rate
- Temporary reductions in VAT rates
BULGARIA
- Parliamentary group calls to check all heating companies if they applied the reduced rate correctly
- Amendments in the VAT Act for 2022
CABO VERDE
CHAD
CHILE
CHINA
COLOMBIA
CROATIA
- Croatia Tax Agency Clarifies VAT Place of Supply Rules for Charging Electric Cars
- Croatia to abolish VAT on solar panels
- Due to lower VAT, wood prices here are almost the same as last year
CYPRUS
- Cyprus: Government announces VAT Exemption on petroleum goods and fuel costs until the end of 2022
- Petrides warns opposition on VAT: don’t make comparisons with Germany
EUROPEAN UNION
- VAT cuts on energy & food as inflation hits record 8.9% in July 2022
- Reduced VAT rate for supplies of wood only if EU principle of neutrality is observed
- The EU VAT Rate Reform 2022 from an Environmental Policy Perspective
FINLAND
- Finland considers electricity VAT cut
- Lintilä calls for VAT cut to lower electricity prices
- Lintilä recognizes VAT reduction as the best way to curb rising electricity prices
GERMANY
- BFH: Significance of the principal of neutrality for VAT rate reductions
- BMF: Reduced VAT rate for supplies of a charitable organization
- Germany considers cutting VAT on Gas Levy
- Germany lowers VAT on gas to relieve consumers
- Germany slashes VAT on gas to 7% following EU block
- Temporarily Cutting VAT Rate on Natural Gas
- The reduced VAT rate for restaurants and the catering industry ends in 2023
- VAT reduction not provided for in the coalition agreement
GUYANA
INDIA
- CBIC issued clarifications regarding applicable GST rates & exemptions on certain services
- Clarifications issued by the Central Board of Indirect Tax & Customs (CBIC)
- Group of Ministers (GoM) weighs scrapping 12% GST slab
- GST Council likely to meet in September to consider 28% GST on casinos and online gaming
- GST rates on certain goods and services: 4 Myths cleared
- GST to be levied on cancellation of confirmed train ticket: Finance ministry
- IGST on ocean freight likely to be scrapped
- India Customs Agency Clarifies GST Rates, Exemptions on Various Services
- More GST rate changes likely to address inverted duty, exemptions
- No GST on residential premises if rented out for personal use: Govt
- Preserved Fruit classifiable under Tariff Heading 2008, 12% GST leviable on Ber Berry: AAR
- Sale of Robinson Barley and Purity Barley Taxable @12% under Orissa Sales Tax Act: Orissa HC
- State has no Obligation to indicate HSN Code and GST Rates in Public Tender: Supreme Court
IRELAND
- Further extension of 9% tourism VAT rate not expected
- Increasing VAT ‘may have a negative impact on economy’
ITALY
- 10% VAT for the construction of the municipal archive
- Administration of meals to employees via app with a VAT rate of 10%
- Election campaign with 4% VAT rate
- Government Reduces VAT rate on natural gas and electricity sectors
- Italy extends again gas VAT cut to 5% until 31 December 2022
- Italy Extends Energy Support Measures: Reduced VAT rate applicable till end Sept/Dec 2022, ….
- The prerequisites for the reduced VAT rate must be demonstrated
- VAT concessions also for tourist and recreational transport
- VAT treatment of wheeled ultrasound equipment sales due to COVID-19
JAMAICA
KOSOVO
LATVIA
- Latvia to cut basic foods VAT to 5% as inflation hits new records in July
- Reduction of the VAT rate applicable to meat, newspaper and bread
LITHUANIA
MOZAMBIQUE
NETHERLANDS
- Call to extend inflationary excise and VAT cuts
- Court not competent by decision of the Tax Authorities on request for an official reduction
- Dutch legislative process for introducing equal treatment delivery of e-books not unreasonably long
- Government Clarifies VAT Refund Provision for Discounts in Connection to VAT reduced rate to Energy
- Magic mushrooms (Sclerotica) are not a food, so 21% VAT applies
- Magic Mushrooms for mind-altering effect or hallucinatory effect, so normal VAT rate
- Magic truffles are not a food: low VAT rate does not apply
- Magic truffles no food no reduced VAT rate
- Netherlands Court Case: No reduced VAT rate for supplies of e-books in 2019
- Netherlands Court Case: No reduced VAT rate on self-care products
- PLUS supermarket in Rozenburg does not charge VAT on fruit and vegetables for a week
- Reduced VAT rate electronic download e-books not already in 2019
- Sclerotia are not foodstuffs subject to the reduced rate
- Standard VAT rate applicable on delivery of self-care products
- The (reduced) VAT rate on self-care products keeps people busy
- VAT rate of 21% for e-book sales was allowed
NIGERIA
- Discordant tunes over 5% excise duty in telecoms sector
- VAT increase may assuage Nigeria’s fiscal position
NORTH MACEDONIA
NORWAY
- Norway to replace electric car VAT exemption with special subsidy
- Norway: VAT rates for charitable and benevolent organisations
OMAN
PARAGUAY
- Decree extending reduced VAT rate for transport sector
- Government announces VAT cut of 10% for Transport Services
PERU
- Peru Providing Temporary 8% VAT Rate for Tourism and Hospitality Sectors
- VAT reduced to 8% to promote reactivation of hotels, restaurants and accommodation
PHILIPPINES
POLAND
- Advance payment: No possibility of extending the deadline for applying the 0% rate
- Extension of the anti-inflationary shield until the end of the year (reductions excise tax on electricity, fuels and VAT rate food)
- Government amends Reduced VAT Rate on Certain Goods effective July 16
- Poland to stick on 23% VAT to support defence spending
- Poland: Government amends reduced VAT Rate on certain goods effective July 16, 2022
- The Senate wants VAT cuts on heating oil, pellets and LPG
- Increase in the VAT rate applicable to certain goods and services
ROMANIA
- Romania increases VAT rates in 2023
- Romania proposes VAT rate increases on sparkling drinks, hotels, and catering supplies
- VAT Rate changes per January 1, 2023
- VAT rate increases to 9% (from 5%) for hotel accommodation, restaurant and catering services as of Jan 1, 2023
- VAT rates are increasing next year, with implications in the food and real estate sectors
RUSSIA
- Deputy Speaker of the State Duma proposed to temporarily abolish VAT on school goods
- For the 0% rate of 0%, the hotel must be included in a special register
- Russia Proposes Zero VAT Rate for Companies Assisting Donbass Region
- Russia Tax Agency Announces Zero VAT Rate on Certain Sales of Natural Diamonds
SAUDI ARABIA
- IMF recommends Saudi NOT to reduce the VAT rate
- IMF recommends that Saudi Arabia maintains the current VAT rate
SINGAPORE
- Singapore Updates Guidance on Preparing for GST Rate Change
- Updated e-tax guide for 2023 GST Rate Change: A Guide for GST-registered Businesses
- Updated e-tax guide for GST: Clarification on “Directly in Connection With” and “Directly Benefit”
SLOVENIA
- Act on urgent measures in the field of value added tax to mitigate the rise in energy prices (ZNUDDVE)
- Parliament Passes Law Reducing VAT on Energy
- Reduction in VAT rates for energy products
- Slovenia Tax Agency issues guidance on VAT rates, exemptions and input VAT deduction
- Temporary VAT cut of 9.5% on Energy Consumption
SOUTH AFRICA
- Call for South Africa to overhaul its tax system, including a VAT hike
- OECD Economic Survey of South Africa Includes Tax Recommendations
SPAIN
SURINAME
TRINIDAD AND TOBAGO
UGANDA
- Key Amendment to exempt supplies and zero-rated supplies
- Uganda removes VAT on imported rice from Tanzania
UKRAINE
- Parliament considers bill to extend VAT exemption on supply of software products
- When is the zero VAT rate applied to the supply of goods for the Armed Forces?
UNITED KINGDOM
- Experts warn Liz Truss’s VAT plans ‘inappropriate’ and risk exacerbating inflation
- FTT Spectrum Community Health CIC – Taxpayer argues it makes separate zero rated and reduced rate supplies and should be VAT registered
- HMRC Guidance: Guidance Food products (VAT Notice 701/14)
- Truss considers cutting VAT to 15% to ease UK crisis
- VAT and food supplies
UNITED STATES
- 2022 Mid-Year Rates and Rules Podcast
- Alaska: Ketchikan City Seasonal Sales Tax Rate Changes
- First six months of 2022 sales tax rules and rates update: Rate increases flourish at city level
- Sales tax holidays for the rest of the year
- Sales Tax Rules and Rates Update Part 2: Inflation and a Narrowing Base Pose Limits
- South Dakota: 2022 Municipal Tax Guide Issued
- States With Highest and Lowest Sales Tax Rates
- Vertex Inc. 2022 Mid-Year Sales Tax Rates and Rules Report
UZBEKISTAN
- Uzbekistan Confirms Three Percentage Point VAT Cut
- Uzbekistan confirms VAT rate cut to 12% on 1 January 2023
VIETNAM
WORLD