VAT news tagged as "Tax reform"

Zambia

Zambia replaces VAT with Sales Tax

September 30th, 2018

The Zambian government has announced in its 2019 Budget on 28 September a withdrawal of its Value Added Tax. Plans in the 2019 Budget include removing the 16% VAT, first introduced in 1995. It will be superseded with a Sales Tax, only chargeable to the consumer at the end of the supply chain. The government …


Europe

Brexit UK to benefit from EU VAT reforms

October 14th, 2017

Post-Brexit UK businesses may receive an unexpected benefit from recently announced proposals to create a single EU VAT regime in 2022. The potential introduction of a reforming destination-based VAT system will mean the UK’s loss of zero VAT rating on EU exports/imports after Brexit will be cancelled out.  This could neutralise up to £85bn on recoverable …


China

China VAT and Service tax reform plans in Shanghai

November 18th, 2011

New proposals for Chinese VAT and Business Tax reforms Plans for a 2012 pilot in Shanghai to consolidate the overlapping VAT and Business Tax have been published by the Chinese State Administration of Taxation.  The reform is aimed at simplifying the tax system. The reforms concentrate on reclassifying many services currently liable to Business Tax …