VAT Rate Changes

The latest news in VAT tax rate changes around the world.

Posted by Marc Raygoza on 23 April 2018

VAT Tax Rate Changes

Mexico Saudi Arabia Tax Treaty effective starting April 2018

The 2016 double tax agreement, DTA, between the two countries went live on March 1, 2018 applying from January 1, 2019 in both countries. According to the DTA the tax withholding rates is 5 percent for payment of dividends, 5 pecent /10 percent for interest and 10 percent for royalties.

The Egpytian sales tax rate will increase on July 1, 2017

Sales Tax Rate will change to 14% effective on July 1, 2017

The Romanian standard VAT rate decreased on January 1, 2017

The Romanian Government has has loweredits VAT rate on January 1, 2017 from 20% to 19%.

Italy increased standard VAT rate to 24%

Effective on January 1, 2017, the Italian government increased their standard VAT rate from 22% to 24%.

Greece increase their standard VAT rate to 24%

Effecitve on July 1, 2016, the Greek government raised their standard VAT rate from 23% to 24%.