Egypt denies reports of new sugar VAT in 2025/2026 budget proposal
The Egyptian Tax Authority (ETA) on Wednesday rejected claims that a value-added tax (VAT) would be introduced on…
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VAT
Indonesia’s president says VAT hike applicable only to luxury goods
Indonesia’s President Prabowo Subianto announced on Tuesday that the country’s planned increase in value-added tax…
Russia approves bill on digital currency taxation
Russia’s Federation Council approved on Wednesday a government-backed bill regulating digital currency taxation…
Shanghai eases property taxes to boost sluggish market
Shanghai, China will lower real estate transaction taxes starting December 1st to boost the property market.
China unveils tax incentives for struggling property market
The Chinese government has implemented new tax incentives aimed at stimulating the ailing property market.
Egypt introduces simplified tax system for small businesses
Egyptian Finance Minister Ahmed Kouchouk announced a new, streamlined tax system for small and micro enterprises,…
Spain approves € 3b tax relief to combat inflation
Spain's government has approved an inflation relief package worth nearly 3 billion euros ($3.21 billion), which…
Google to impose 14% VAT on services in Egypt starting from July
Google will add 14 percent value-added tax (VAT) to its services in Egypt starting from 1 July, the announcement…
UAE says has no plans to follow Saudi in VAT triple rise
The UAE is not currently planning to raise its value-added tax (VAT) rate of 5 percent, the finance ministry said…
Saudi Arabia triples VAT rate in austerity push to counter oil slump, coronavirus
Saudi Arabia will triple value added tax and suspend a cost of living allowance for state workers, it said on…
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