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:
- Zero;
- 5%;
- 12%;
- 18%; and
- 28%.
There may be a move away from this and an introduction of three GST rates:
- 5%;
- 18%; and
- 28%.
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.
Stay Up to Date
Each month we feature the latest news trends and topics covered by our experts. For more regular news and regulatory updates follow us on LinkedIn or sign up to our newsletter.
Work with indirect tax experts
Navigating global indirect tax doesn’t have to be complicated. At Fintua, our dedicated team brings clarity to compliance. Whether you’re expanding into new markets or streamlining existing obligations. We combine expert insight with tailored technology to support businesses in a digital-first landscape. Whatever the jurisdiction, whatever the challenge – we’re ready.
