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Government is unlikely to overhaul Poland’s tax regime

Location:

POLAND

This continues the policy preference -- out of line with Poland’s peers -- for indirect taxes on goods and services, including a relatively high value-added tax (VAT) rate. The…

Polish VAT surge may subside from mid-2018

Location:

POLAND

Budget data for the first ten months show revenue from value-added tax (VAT) exceeding the forecast by 22%. That could help narrow Poland’s 'VAT gap' -- the difference between…

South African budget may ease downgrade fears

Location:

SOUTH AFRICA

The first budget since new President Cyril Ramaphosa election by parliament last week, it outlines the National Treasury’s response to a 48.2-billion-rand (4.2 billion dollars…

South Africa’s government faces major tax dilemmas

Location:

SOUTH AFRICA

Wealth, inheritance and ‘solidarity’ taxes are being considered -- with the latter recently flagged as one solution to pay for COVID-19 vaccine procurement and pandemic-related…

EU-UK compromise unlikely until UK politics changes

Location:

EU/UK

The scope of the bill -- which could enable London to remove the role of the Court of Justice of the EU (CJEU) and end the application of EU rules to value-added tax (VAT) and…

Zimbabwe economic pressures will linger

Location:

ZIMBABWE

Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…

Political posturing stalls India's GST reform

Location:

INDIA

Prime Minister Narendra Modi's National Democratic Alliance (NDA) government, which lacks a majority in the upper house, will miss its intended GST implementation date of April 1…

Greek debt deal will bring fresh elections soon

Location:

GREECE

The new programme will support recapitalisation of the banking system, allow orderly -- rather than fire-sale -- divestment of state-owned assets and promote liberalisation of the…

Budget will stabilise Portugal's minority government

Location:

PORTUGAL

The Portuguese government presented its 2017 budget to parliament on October 14. The EU agreed in August to waive fines over its excessive budget deficits, but Portugal remains…

Draft budget will increase Greek taxpayers' burden

Location:

GREECE

Clearing state arrears to the private sector depends on the quartet of international creditors' timely disbursement of financial assistance tranches. The finance ministry is in…