VAT news tagged as "Tax rise"

Aruba

Aruba raises sales tax July 2018

June 2nd, 2018

Aruba’s parliament has passed a rise in sales tax. The existing 1.5% business turnover tax will rise to 3%. The country’s health tax will rise from 2% to 3%. There will be a new crisis levy of 2.5%, taking the total turnover tax burden 6%. The new rates will apply from 1 July 2018, and …


Japan

Japan 10% Consumption Tax Oct 2019

April 15th, 2018

Japan is continuing to prepare for a rise in its Consumption Tax from 8% to 10% on 1 October 2019. The planned rise has already been delayed once, in 2016. It is the second in a long-planned doubling of the tax – the first from 5% to 8% coming in 2014. The OECD has warned this month that …


Italy

Italy still debating 1 July 2013 1% VAT rise

June 18th, 2013

The various political parties are still arguing over the go ahead of the planned Italian 1% VAT rise on 1 July 2013. The People of Freedom party, led by the ex-PM, Silvio Berlusconi, contends that the austerity VAT rise is not necessary.  It also argues that the IMU property tax is not required.  These combined …


Pakistan

Pakistan new rumours of rise in GST to 17%

June 14th, 2013

A fresh round of rumours has started in Pakistan surrounding a potential rise in the Goods & Services Tax (GST) from 16% to 17%.  There have been many such proposals over the past two years as the country attempts to control its national deficit. In addition to increasing the Pakistan GST rate to 17%, it …