Even though no progress was made in the last GST Council meeting on 2 and 3 December 2016, last month had seen substantial developments on the GST front. Few of these have been summarised below for reference:
(i) Rates decided
In the meeting held on 3 November 2016, a multi-tiered GST rate structure was finalised as under:Read More »
Read HERE to find out more or feel free to contact my colleague of PwC Japan: Takashi Murakami (takashi.a.murakami@jp.pwc.com) / Kataku Kimu (kotaku.kimu@jp.pwc.com).
On 15 September 2015, the Luxembourg Minister of Finance delivered his budget speech in which he announced that the Luxembourg VAT rates will be increased as follows:
the standard rate from 15% to 17%;
the intermediary rate from 12% to 14%; and
the reduced rate from 6% to 8%
For further information please click here or contact our VAT expert in Luxembourg: