Implemented

The following sections list recently implemented rate changes:

July 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%.

May 2024

• Laos' rate changed from 7% to 10%.

September 2024

• The VAT rate in Finland increased from 24% to 25.5%.

October 2024

• The 7% standard rate in Thailand is extended until September 2025.

January 2025

• Indonesia's rate increased to 12%.
• Slovak Republic rate increased from 20% to 23%.

April 2025

• Nova Scotia reduced the HST from 15% to 14%.

Upcoming

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Note

The dates listed here are not certain. They are indicative approximates based on the most current information and may depend on other factors for confirmation before they are implemented.

The following lists the changes that are planned in the near future:

• Switzerland has a potential rate increase from 8.1% to 8.5% but this is subject to ratification by referendum.
• May 1st 2025: South Africa plans to increase its VAT rate to 15.5% this year. In 2026, a further 0.5% increase will bring the rate to 16%.
• July 1st 2025: Estonia plans to increase its standard VAT rate from 22% to 24%.
• July 1st 2025: Estonia plans to increase its VAT rate to 24%.
• September 30th 2025: Thailand plans to increase its standard rate by ending the extension of the 7% rate on this date.