Portugal considers restaurant VAT cut in 2014
There has been some progress last week on discussions to reduce Portuguese restaurant VAT from 23% to 13% as the political parties discuss next year’s budget. Portugal VAT rate uncompetitive Portugal...
View ArticleGreece and IMF to clash on extension of reduced VAT rate
The Greek government and International Monetary Fund are in dispute about a prolongation of the reduced Greek VAT rate on restaurant services of 13%. Greek restaurant VAT at 13% till 2014 The Greek...
View ArticleUK rejects tourism VAT rate cut
Following a debate in the UK’s House of Commons this morning, David Gauke (Treasury Minister) said that the UK government will not consider a reduction in the UK VAT rate for the tourist industry. The...
View ArticleSweden claims restaurant VAT cut creates jobs
As a number of countries review tourism VAT subsidies, a tourism trade association has claimed that the reduced Swedish VAT rate on restaurants has been a job-creation success, but largely for...
View ArticleGreece wants to cut reduced VAT rate
Greece has launched an ambition set of promises on lowering the rates of major taxes. This included cutting the reduced Greek VAT rate from 13% to 12%. The Greek VAT rate increased twice during the...
View ArticleSwedish opposition promises restaurant VAT back at 25%
In the upcoming Swedish election on Sunday, the opposition party has vowed to reintroduce a standard Swedish VAT rate of 25%. Sweden cuts its restaurant VAT rate to 9% in 2011. This followed a similar...
View ArticlePortugal Socialists promise restaurant VAT rate cut
The opposition Socialist party has promised to reclassify food served in restaurants from the Portuguese VAT rate of 23% to the reduced VAT rate of 13%. The Socialists are currently ahead in the polls...
View ArticleGreece new VAT rises in creditor talks
On 9 July, the Greek government offered new, austerity VAT rate increases to its creditors in an attempt to win new, third bailout, and potentially a small debt write off. The VAT rises are...
View ArticlePortugal restaurant VAT cut proposal
The new Portuguese draft budget contains a proposal to cut the VAT rate on non-alcohol restaurant services from the 23% standard rate to the reduced, 13% rate. The budget has received a cautious...
View ArticlePortugal VAT changes
Portugal is proposing a range of VAT changes to the VAT Law, Codigo do Imposto sober o Valor Acrecentado. Simplifications to the low-value invoice disclosure requirements. The simplifications are...
View ArticlePortugal restaurant VAT cut to 13%
Portugal has granted its restaurant and café sector and important subsidy with a reduction in the VAT rate for their food services from 23% to 10% from 1 July 2016. The rate will drop to 9% and 12%...
View ArticleUAE VAT 2018
The United Arab Emirates (UAE) has proposed implementing Value Added Tax from 1 January 2018. A new tax office, the Federal Tax Authority, has been established by Federal Law 13 of 24 October 2016....
View ArticleRomania cuts VAT to 19% 2017
Romania is still on course to reduce its VAT rate from 20% to 19% from 1 January 2017. This rate cut follows the 2016 reduction from 24% to 20%. Romania originally hiked VAT from 19% to 24% in 2010 at...
View ArticleUK challenges EU e-commerce VAT
A UK VAT case is making progress towards potentially relieving some e-commerce sellers of their foreign VAT registration and returns burden. Separating online selling from the delivery service...
View ArticleIndia 15% Service Tax on foreign e-services
India is to impose 15% Service Tax on electronic services sold to Indian consumers by non-resident providers from 1 December 2016. Currently, only resident providers of such digital service are liable...
View ArticleHungary: top EU VAT rate funds lowest Corp tax rate
Hungary has proposed lowering its corporate tax rate to 9%, which would be the lowest in the European Union. This investment-attracting policy is partially funded by Hungary’s VAT rate of 27% – the...
View ArticleItaly reverse bad debt rule
Italy is to reverse bad debt relief on insolvent debts. In 2016, the Stability Law introduced VAT relief via credit notes on output VAT not collected due to suppliers going bankrupt. The tax...
View ArticleZambia VAT update
The 2017 Budget includes a number of proposed changes to the Zambian VAT rules. These include: Abolishment of the group VAT scheme Restrictions on the right to deduct input VAT on certain...
View ArticleIndia GST negotiation battles
In the run-up to the 2017 implementation of a Goods and Services Tax in India, the Centre government and States continue to fail to conclude key administrative terms. Currently, negotiations has...
View ArticleUK curbs VAT Flat Rate Scheme
The UK has announced today that it will curb the use of the Flat Rate Scheme (FRS) to limit potential exploitation. FRS enables very small businesses to only charge a reduced VAT rate (compared to the...
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