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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…

Russian oil tax shift will affect domestic market

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RUSSIA

Russia's 'tax manoeuvre' in the oil sector.

Polish VAT surge may subside from mid-2018

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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…

Free zone will boost Mexico border region’s prospects

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MEXICO

Free zone.

South African budget may ease downgrade fears

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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…

Costa Rica protests to hinder Alvarado’s reforms

Location:

COSTA RICA

The demonstrations form part of a broader backlash against the government’s newly introduced value-added tax (VAT) and indicate the depth of popular feeling building against…

Egypt is on track for IMF loan

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EGYPT

Cairo passed a value-added tax (VAT) law, a key prerequisite for the Fund, while China and Saudi Arabia have indicated that they will provide much of the required 5 billion-6…

Kuwait faces a deferred liquidity crunch

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KUWAIT

The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…

South Africa’s government faces major tax dilemmas

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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…

Chile inequality debate will drive tax reform demands

Location:

CHILE

Although both the bill’s legislative future and the amount it would raise are uncertain, it reflects ever more explicit class polarisation and anger over inequalities.