VAT News May 2011

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Austria

to extend VAT reverse charge to include goods for non-resident traders

Czech Rep

confirms VAT cut to 17.5% from 20% from Jan 2013

France

rejects proposals for EU-wide VAT share for European Commission

Germany

EU pushes to extend exemption for VAT to all cost sharing groups

Ireland

proposal to reduce the lower rate of VAT

Japan

proposals submitted for a 1% increase in Consumption Tax

Netherlands

holding companies may lose right to participate in VAT Groups

Palau

VAT at 7% is to replace the gross revenue tax

Philippines

the government considers VAT cut to help curb inflation

Singapore

GST 'Not to be raised for at least five years'

Slovakia

opposition party tables 1% VAT cut to 19%

Spain

“super-reduced” VAT rate planned for tourism sector

St Lucia

confirms plans to implement a VAT regime in 2012

Sweden

to cut VAT on restaurant meals

UK

EC indicates it wants further action on the Channel Islands VAT loophole following budget

Uruguay

proposal to cut VAT by 2% to 20% from 2012


 
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