Cyprus – Zero VAT rate temporarily applicable to certain food products
The Cypriot government has approved a 0% VAT rate for certain food products: milk bread eggs baby food This temporary measure expires on October 31, 2023.
Switzerland – think about abolition of the global threshold for VAT registration of foreign companies
Currently, foreign sellers carrying out taxable transactions in Switzerland must register for VAT in Switzerland when their worldwide turnover exceeds CHF 100,000. Switzerland plans to abolish this threshold as of January 2024. Companies will therefore have to register for VAT in Switzerland when they carry out taxable businesses there from the first euro.
Cyprus – New 3% VAT rate planned in Cyprus
A proposal has been published to introduce a 3% VAT rate in Cyprus. If adopted by the Council of Ministers, this rate should apply to : books, magazines and similar products (physical or electronic media) stairs, elevators and wheelchairs for the disabled orthopedic appliances street cleaning and dog collection services, wastewater disposal and treatment at…
United Kingdom – New tax on plastic packaging
From April 1st, 2022, companies importing or manufacturing plastic packaging in the UK will be subject to a new “Plastic Packaging Tax” (PPT).