- Finland’s VAT Rate Adjustment: Finland has announced a reduction in its reduced VAT rate from 14% to 13.5%, effective in 2026, which will apply to essential goods like food and medicine as part of a strategy to boost economic growth and purchasing power.
- Peru’s Proposed IGV Reduction: Peru’s Congress has introduced Bill No. 11228/2024-CR, proposing a temporary reduction of the General Sales Tax (IGV) to 15% starting January 1, 2026, with a planned gradual increase to 17% by 2028, aimed at stimulating economic activity across various sectors.
- Legislative Process: The proposed changes in Peru are currently under review by the Commissions of Economy, Banking, Finance, and Financial Intelligence, indicating ongoing discussions regarding the impact of the tax adjustments on the economy.
- And much more …
Source Fintua
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