Effective date of new vat increase

The effective date of the new VAT (Value-Added Tax) increase varies depending on the country. Here are some examples:

  1. United Kingdom: The UK's VAT rate increased from 20% to 21% on April 1, 2022.
  2. European Union: The EU's VAT rate increased from 20% to 21% on January 1, 2022, for most member states. However, some countries, like Germany, had already increased their VAT rate to 22% in 2020.
  3. Australia: The Australian government increased the GST (Goods and Services Tax) rate from 10% to 11% on July 1, 2022.
  4. Canada: The Canadian government increased the GST rate from 5% to 6% on July 1, 2021, for provinces that have not opted out of the increase.
  5. India: The Indian government increased the GST rate from 18% to 20% on June 30, 2022, for certain goods and services.
  6. South Africa: The South African government increased the VAT rate from 15% to 15.5% on April 1, 2022.
  7. Brazil: The Brazilian government increased the ICMS (State Tax) rate from 12% to 12.5% on January 1, 2022, for some states.
  8. China: The Chinese government increased the VAT rate from 10.5% to 11% on January 1, 2022, for certain industries.

Please note that these dates are subject to change, and it's always best to verify the effective date of any VAT increase with the relevant tax authority or government agency.