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Firms start price cuts as 4bn VAT boost begins

2020-07-15 01:24:28| BBC News | Business | UK Edition

Starbucks and McDonald's are the latest firms to cut some prices, but not all businesses can afford to do so.

Tags: price start begins firms

 

Indonesia introduces 10% VAT on Amazon, Google, Netflix and Spotify

2020-07-10 08:56:00| Telecompaper Headlines

(Telecompaper) Indonesia has introduced a digital CAT services tax on Amazon Web Services, Google Asia Pacific, Google Ireland, Google, Netflix International, Spotify, The Register reports. These companies will be required to collect a 10 percent tax on top of their charges and remit the funds to Indonesia's Direktorat Jenderal Pajak (aka the Directorate General of Taxes).

Tags: google amazon indonesia vat

 
 

Coronavirus: Visitors may not see the thrill of VAT cut

2020-07-08 18:37:46| BBC News | Business | UK Edition

Attractions and restaurants may not pass on the chancellor's VAT cut to visitors.

Tags: cut visitors vat thrill

 

Chancellor Rishi Sunak cuts VAT in emergency plan to save jobs

2020-07-08 15:34:44| BBC News | Business | UK Edition

Firms will also get a bonus to keep furloughed staff, as part of a 30bn plan to stop mass unemployment.

Tags: save plan jobs emergency

 

Saudi Arabia triples VAT to support coronavirus-hit economy

2020-05-11 05:24:14| BBC News | Business | UK Edition

The oil-rich kingdom's finances have been rocked after the pandemic forced down global energy prices.

Tags: support economy arabia saudi

 

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