Global Indirect Tax News

A monthly newsletter covering VAT, goods and services tax, sales tax issues, and global trade issues around the globe

15/03/2020

Featured Articles

Botswana: Tax highlights of 2021/22 budget

The national budget for 2021/22 contained a number of tax proposals, including an increase in the standard rate of VAT from 12% to 14% from 1 April 2021, and the introduction of a sugar tax from 1 April 2021 and a tax on plastic bags from a yet-to-be announced date.

GCC: Egypt, Saudi Arabia, and UAE resume trade with Qatar

On 5 January 2021, the Gulf Cooperation Council member states and Egypt signed a “solidarity and stability” agreement, accompanied by statements from Bahrain, Egypt, Saudi Arabia, and the UAE that they would restore full diplomatic relations with Qatar.

India: Highlights of 2021/22 union budget

The 2021/22 union budget included a number of indirect tax proposals, including an expansion in the scope of the equalization levy and the rationalization of customs duty to eliminate certain exemptions and phase out conditional exemptions.

Oman: VAT implementation date approaching

VAT will be implemented in Oman on 16 April 2021, and businesses and individuals should ensure they are registered for VAT and prepared for compliance. The VAT registration process commenced on 1 February 2021. VAT return filing obligations will begin as from April 2021.

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