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.
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