Global VAT rate changes announced in week 43 (week of Oct 24, 2022)

 

BELGIUM

• Belgium Publishes Law on Various VAT Provisions Including Reduced VAT Rate Confirmations
• Circular 2022/C/73 FAQ concerning the application of the reduced VAT rate of 12% for certain transactions relating to private homes
• Comments on C-330-21: Belgium may need to change VAT rules for fitness centers

CHINA

• China to impose consumption tax on e-cigarettes from November

CZECH REPUBLIC

• Amendment: New rules for VAT – VAT registration threshold & reduced VAT rate for fruit/vegatables

CZECH REPUBLIC

• VAT registration limit from the current CZK 1 million to CZK 2 million and reclassify some foodstuffs and beverages from the tax rate of 15% to 10% or 21%

EUROPE

• Latest from the world of tax: 10 updates not to be missed

FINLAND

• VAT cut to bring down train ticket prices

GERMANY

• Germany Reduces VAT Rate for Natural Gas

GREECE

• Greek Ministry of Finance Provides 2023 Budget Tax Measures Overview

HUNGARY

• Application of a 5% reduced rate of VAT on new housing extended for 2 years (till end 2024)

INDIA

• 18% GST applicable on Construction of Residential Apartments
• 18% GST Applicable to Services for Municipal Wet Waste processing facility along with Operation & Maintenance to SUDA
• 5% GST applicable to ‘Coal Rejects’
• Gujarat cuts VAT on CNG and PNG by 10%
• Marine Engine and its Spare Parts for Fishing Vessels attract 5% GST
• The ‘cheesy’ row over pizza toppings tax in India

IRELAND

• Lahinch Hotelier Predicts Special VAT Rate Will Be Maintained In 2023

LITHUANIA

• Lithuania Considers Reclassifying Sport And Culture Activities To Reduced Rate Of VAT
• Lithuania to cut VAT on sports & culture to 9% 2023

LUXEMBOURG

• Luxembourg Reduces VAT Rates Temporarily and Extends Fuel Price Reduction Measures
• Temporary decrease of the VAT rates on goods and services

MOROCCO

• Budget 2023: VAT rate applicable to the professions liberal professions 
• Government Proposes Harmonization of VAT Rates for Certain Professions

POLAND

• For the parties to the sponsorship agreement, the VAT settlement is not always neutral
• The reduced VAT rate on medical devices is not so obvious

PORTUGAL

• VAT rate reduction on electricity supply

SAUDI ARABIA

• Proposed application of zero VAT rate to “export” of services
• Tax Insights and Updates – Saudi Arabia

SINGAPORE

• GST rise to 8% Jan 2023; 9% Jan 2024 – update
• Singapore Parliament Considers GST Amendment Bill

SRI LANKA

• Committee on Public Finance proposes to present VAT rate increase to 12%to Parliament

UNITED KINGDOM

• Children’s face masks VAT-free
• Face masks deemed to be clothing
• VAT on lap dances

UNITED STATES

• Proposed increased transfer tax rate on high-value properties (California)

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See also 

• Global VAT rate changes announced in week 42 (week of Oct 17, 2022
• Global VAT rate changes announced in week 41 (week of Oct 10, 2022)
• Global VAT rate changes announced in week 40 (week of Oct 3, 2022)
• Global VAT rate changes announced in week 39 (week of Sept 26)