From energy to food, governments around the world are cutting VAT on essential items to combat rising inflation. Here are 10 rate changes that have been revealed in recent weeks: Finland The temporary VAT cuts on electricity and public transport have ended. VAT on domestic

In certain industries, including hospitality and transport, some businesses are facing a competitive disadvantage due to “unfair tax treatment” within the platform economy. That’s the view of Carmen Muniz Sanchez, Head of Sector in DG TAXUD’s VAT Policy Unit, who said in a recent interview

A new financial year is upon us and that means one thing: A wave of fresh rates, rules and regulations for indirect tax teams around the world to understand and implement. Here is our round-up to some of the most notable VAT and GST changes

Here is our latest round-up of indirect tax changes and updates announced by authorities around the world so far this month: Greece: The Ministry of Finance has confirmed the temporary reduced VAT rate of 13% will be extended until 31st December 2023. Taiwan: A new

A new Brexit deal was this week announced by UK Prime Minister Rishi Sunak and Ursula von der Leyen, President of the European Commission, aimed at resolved the problems relating to the movement of goods across the Northern Ireland border. But what exactly does the

GST could be set for a return in Malaysia just five years after it was abolished in favour of a turnover-based Sales and Services Tax. It comes after some government ministers and industry bodies suggested it is the only realistic way to reverse diminishing revenues

Following a spate of new rates and rules introduced at the start of the new year, global tax updates have inevitably been a little slower in the opening weeks of 2023. Nonetheless, we’ve studied the industry to find 12 of the most important snippets of

Despite being just nine days into the new year, there has already been a raft of VAT changes and announcements made across the world in 2023. Here is our quickfire round-up of 15 of the latest updates every tax professional needs to know. 1) Montenegro