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 [email protected].
