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A digest of what has been going on in the world in terms of taxation.
A digest of what has been going on in the world in terms of taxation.
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181
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445.00
Created
10/21/09
Views 395
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1
Argentina
many electronics products have been switched from the reduced rate to 21%
2
Bulgaria
plans a 2% VAT cut to 16% in 2011 subject to a healthy economic recovery
3
EU
moves to change Directive for reverse charge on 5 goods to prevent VAT fraud
4
Hungary
obligatory electronic sales lists as part of 2010 VAT package
5
Indonesia
new VAT law - cuts double tax on Financial Services and raises luxury goods rate
6
Korea
electronic invoices compulsory from 2010
7
Latvia
proposals for further VAT increase from 21% to 23%
8
Spain
2% VAT/IVA increase from July 2010 due to state deficit
9
St Lucia
to introduce VAT in April 2010
10
Switzerland
temporary VAT increase to 8% from 2011 to fund national invalidity fund
[source: EU VAT ]
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