Stories that are tagged 'VAT rates'


New Greek Government Planning Deep Tax Cuts
Ulrika Lomas, Tax-News.com, Brussels__16 July, 2019
Following its recent election victory, the New Democratic Government in Greece will bring forward legislation for a wide range of tax cuts, including a substantial reduction in corporate tax and value-added tax relief, Prime Minister Kyriakos Mitsotakis announced on July 7, 2019. Read Full Story

Hungary Announces Tax Cut Plan
Ulrika Lomas, Tax-News.com, Brussels__05 June, 2019
On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Read Full Story

Greek Parliament Approves VAT Cuts
Ulrika Lomas, Tax-News.com, Brussels__21 May, 2019
The Greek Government has announced that parliament has approved legislation reducing the rate of value-added tax on food and energy. Read Full Story

Czech Lawmakers To Decide On VAT Rate Cuts
Ulrika Lomas, Tax-News.com, Brussels__29 April, 2019
On April 17, 2019, the Czech Finance Ministry announced that legislation, which includes value-added tax cuts on water, sewerage, catering, and professional services, has been submitted to parliament for its third reading. Read Full Story

Indian GST Council Endorses GST Rate Changes For Housing
Mary Swire, Tax-News.com, Hong Kong__14 March, 2019
India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country. Read Full Story

OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017
Ulrika Lomas, Tax-News.com, Brussels__07 December, 2018
Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Read Full Story

EU Tells Italy To Revise 2019 Budget Plan
Ulrika Lomas, Tax-News.com, Brussels__26 October, 2018
On October 23, 2018, the European Commission issued a request to the Italian Government that it revise its draft budgetary plan for 2019 because it breaches European Union fiscal rules. Read Full Story

OECD Welcomes Dutch Efforts To Counter BEPS
Ulrika Lomas, Tax-News.com, Brussels__04 July, 2018
The OECD has welcomed efforts by the Dutch Government to tackle base erosion and profit shifting but called for the overall tax regime to be simplified, including in area of value-added tax. Read Full Story

UAE Waives VAT On Precious Metals Trading
Lorys Charalambous, Tax-News.com, Cyprus__03 May, 2018
The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax. Read Full Story

South Africa Launches VAT Zero Rate Review
Lorys Charalambous, Tax-News.com, Cyprus__27 April, 2018
Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate. Read Full Story



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