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World VAT/GST News

World VAT/GST News – October 2019

By October 25, 2019July 10th, 2021No Comments

Japan will increase its standard VAT rate from 8% to 10% as of 01.10.2019. At the same time, a reduced tax rate of 8% is to be introduced for food and newspapers…

Japan

Japan will increase its standard VAT rate from 8% to 10% as of 01.10.2019. At the same time, a reduced tax rate of 8% is to be introduced for food and newspapers.

 

Saudi-Arabia

Since 18.07.2019 Saudi-Arabia no longer requires a local fiscal representative for non-resident companies. Instead, it is sufficient for non-residents to provide a bank guarantee or a cash deposit equivalent to the estimated tax liability for a period of six months.

 

The above information was kindly provided by KMLZ (Germany), contact: Ronny Langer at  ronny.langer@kmlz.de.