International VAT Rate Round Up: October 2021

October 2021 VAT Changes in Norway

From 1 October 2022, the low VAT rate of 12% will come into effect.

This VAT rate will apply to the below:

• Passenger transport;
• Hotel accommodation;
• Letting of holiday homes and cabins by hotels;
• Public broadcasting companies; and
• Admission to amusement parks, cinemas etc.

The VAT rate of 6% that was previously introduced ended on 30 September 2021.

October 2021 VAT Changes in India

The GST Council are considering changing the GST rates in order to provide a more transparent tax system with fewer GST rates.

Currently, there are five GST rates in India:

• Zero;
• 5%;
• 12%;
• 18%; and
• 28%.

There may be a move away from this and an introduction of three GST rates:

• 5%;
• 18%; and
• 28%.

The merging of the 12% and 18% GST rate has been a topic of discussion for several years.

If the merging of 12% and 18% is approved by the council, some foodstuff like butter and cheese may become more expensive.

October 2021 VAT Changes in Indonesia

Indonesia is planning to increase the VAT rate from 10% to 11% from April 2022.

Indonesia also plans to increase the VAT rate again to 12% in 2025.

International VAT Rate Round Up: September 2021

If you missed last month’s VAT rate announcements or VAT threshold changes, you can catch up now.

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