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International VAT Rate Round Up: January 2024

In today’s global economy, staying abreast of international VAT rate adjustments is crucial for businesses operating across borders. Here’s a concise roundup of recent updates from several countries, including Bulgaria, Greece, Lithuania, Luxembourg, Romania, Sri Lanka, and Vietnam, detailing changes in VAT rates and regulations. Bulgaria The Bulgarian government has extended various reduced VAT rates: […]

Japanese Cabinet Approval of 2024 Tax Reform Package

The Japanese cabinet has officially approved the outline of the anticipated 2024 tax reform package. This package includes significant adjustments, particularly in relation to the application of the small business VAT exemption. Changes for Foreign Businesses For taxable periods starting on or before October 1, 2024, notable changes affect foreign businesses’ eligibility for the small […]

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