Tax Rate Changes
Read about recent and upcoming tax rate changes.
Implemented
The following sections list recently implemented rate changes:
July 2023
- July 10th 2023: Turkish VAT rate changed from 18% to 20%.
January 2024
The following changes were made in January 2024:
- Swiss rate increased from 7.7% to 8.1%. The reduced rate for e-books increased from 2.5% to 2.6%. These changes apply to Liechtenstein as well.
- Estonia's rate increased to 22% .
- Luxembourg's rate reverted back to 17% after a temporary 1% reduction in 2023.
- Singapore's GST rate increased from 8% to 9%.
March 2024
- Malaysia's rate rose from 6% to 8%.
Upcoming
The following lists the changes that are planned in the near future:
- May 1st 2024: Laos rate will change from 7% to 10%.
- October 1st 2024: Thailand will revert to 7% from 10%.
- January 1st 2025: Indonesia's rate is due to increase from 11% to 12% no later than January 1st 2025.
Updated 17 days ago