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:
- 18%; and
There may be a move away from this and an introduction of three GST rates:
- 18%; and
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.
Work with real VAT experts
With over 15 years’ experience in the area of VAT compliance and consultancy, we handle all countries and languages where VAT obligations exist. We have a dedicated & centralized team of VAT experts, with a reputation of excellence within all global tax offices ready to speak to you about your VAT obligations.
For over 25 years Taxback International has been a world leader in VAT consultancy and compliance providing expert support to more than 12,000 global clients including Apple, Google, IBM, and Twitter.
With increasing digitalization of global tax processes, we have developed tailored technology solutions to solve challenges facing companies today.