In order to facilitate common defence efforts and to align with the EU’s Common Security & Defence Policy (CSDP), the European Commission has accepted a proposal to exempt certain supplies to the armed forces from Value Added Tax (VAT) and other excise duties.
Chinese VAT | The Ministry of Finance, State Taxation Administration, and General Administration of Customs have jointly issued a number of new policies on value-added tax in China.
Below you will find a list of all key changes to national VAT and Goods & Services tax rates from around the world that have been implemented since the turn of the year.
Following years of discussion and campaigning, the EU have now formally adopted a directive which will allow member states to apply reduced or zero rates to the sale of e-publications.
Last week, the Russian parliament gave their approval to a rise in the standard rate of VAT applicable in Russia. The current rate of 18% will rise to 20% with effect from 1 January 2019.