by IOR Global | Jun 25, 2024 | News
VAT Increase in Ecuador In line with the new regulations in Ecuador, which came into effect on April 1st 2024, the Value Added Tax (VAT) has changed from 12% to 15%. This increase of 3% applies to the VAT payable on imported goods and to all destination related...
by IOR Global | Jun 4, 2024 | News
Changes in Customs Regulations in Argentina Argentina remains one of the most intricate countries in the globe to import into. Since the new government was elected in December 2023, many changes in local regulations and import/export processes have occurred. The...
by IOR Global | Aug 1, 2023 | News
VAT increase in Turkey The General Authority of Gazette has increased the rate of Value-Added Tax (VAT) on all goods and services from 18% to 20% with effect from July 10, 2023 Understanding the Impact As a consequence of the proposed VAT increase in Turkey,...
by IOR Global | May 30, 2021 | News
VAT increase in Saudi Arabia The General Authority of Zakat and Tax (GAZT) has increased the rate of Value-Added Tax (VAT) on all goods and services from 5% to 15% with effect from July 1, 2020. Understanding the Impact As a consequence of the proposed VAT increase in...
by IOR Global | May 30, 2021 | News
With effect from May 01st, 2019 Argentina has increased their Statistical Rate from 0.5% over CIF value to 2.5% over CIF value. This is one of the several levies applied to imports that are designed to balance Argentina’s external balance of payments and is...
