December 15, 2008
Latvia's standard and reduced rates of VAT are to increase to 21% and 10% respectively. The increase of the standard rate amounts to three percentage points and the reduced rate has been doubled from 5%. The move comes after pressure from the IMF. The VAT increases will be effective from January 1 2009.
June 10, 2008
Budget speeches on Thursday of this week in Nairobi, Kampala and Dar Es Salaam are expected to point to proposals to harmonise value-added tax (VAT) in the states of the East African Community (EAC