VAT news tagged as "Potential VAT rise"


Vietnam VAT hike proposal

July 3rd, 2018

Vietnam’s government is considering a VAT rise from the current 10% standard and 5% reduced rates. The tax rise is required to meet commitments to reduce import tariffs. There are two proposals under review by the Finance Ministry: 1. Raise the standard rate from 10% to 12%, and the reduced rate from 5% to 6%; …


Italy turmoil may trigger VAT hike

May 30th, 2018

Italy’s current political turmoil, and potential fresh elections this summer, may trigger a VAT rise to 24.2% in 2019. The standard VAT rate could rise further to up to 25% by 2021. Lack of government could trigger scheduled VAT hikes The potential VAT rise was set in October 2017, and is automatically triggered if the …

United Kingdom

UK headed to 24% VAT rate?

May 24th, 2018

The influential Institute for Fiscal Studies has today issued a warning that the UK will face tax rises to support the expectations of continuing, or even improved, care on the National Health Service. VAT or Payroll Taxes rises? A rise from the current VAT rate of 20% to 24% would meet the current level of health …