COVID-19 and the VAT Response.

• Date: 01 July 2020

As the COVID-19 pandemic continues to greatly impact the global economy, one area in which countries have attempted to ease the burden is value-added tax (VAT). Some countries have chosen simply to accelerate VAT refunds or offer payment extensions or deferment, but many have decided to reduce VAT rates significantly or cut them altogether on goods related to the outbreak, such as medical equipment. In this issue of Tax Executive, we highlight some of the specific rate reductions, as noted...