VAT news tagged as "Harmonise"

Brazil

Brazil fails on ICMS tax reform

April 12th, 2015

The Brazilian government has failed last week in its latest attempts to gain agreement between the 27 States on the reform and harmonisation of the ICMS / VAT regime. The antiquated intra-state tax is seen as a major constraint to developing an internal free market and helping the Brazilian economy recover from its latest recession. …

Africa

East Africa countries to harmonise VAT regime

October 22nd, 2014

Kenya, Uganda, Rwanda and Tanzania have confirmed plans to harmonise their Value Added Tax regimes by April 2015. Currently all countries have an 18% VAT rates with the exception of Kenya which has 16%. The countries will also look at standarising their customs regimes with the longer term aim of dropping intra-country tariffs. The four …