Guide to Global VAT, GST, and Sales Tax Systems

EY has recently released the 2024 edition of its annual reference book, which provides an in-depth look at value-added tax (VAT), goods and services tax (GST), and sales tax systems across 150 jurisdictions worldwide. This comprehensive guide is invaluable for businesses and individuals navigating the complex world of consumption taxes.

What is New in 2024?

The 2024 edition introduces four new chapters, specifically tailored to cover the tax systems of Kyrgyzstan, Mauritania, Saint Kitts and Nevis, and Saint Vincent and the Grenadines. These additions extend the guide’s global reach and provide vital information for businesses operating in these jurisdictions, underlining the guide’s relevance and currency.

Topics Covered

The guide delves into various aspects of consumption taxes, including:

  • Scope of the tax
  • Liability
  • Rates
  • Time of supply
  • Input tax recovery
  • Invoicing
  • Returns and payment
  • Penalties

Additionally, the 2024 edition includes expanded content on electronic invoicing, reflecting the growing importance of digital processes in modern tax systems.

A Valuable Resource

The EY Worldwide VAT, GST and Sales Tax Guide 2024 is a valuable tool for businesses operating in multiple countries. With its comprehensive coverage of VAT, GST, and sales tax systems in 150 jurisdictions, they designed the guide to simplify tax compliance. It also includes a list of national currencies and tax rates for each jurisdiction, further enhancing its practicality.

To download the guide in PDF format, visit the EY website.

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