VAT News Digest

In today's VAT news, significant policy changes are underway globally, with the UK shifting its VAT grouping policy to attract foreign investment and various countries adjusting their tax rates and thresholds, including Hungary's increased Intrastat thresholds and the Bahamas' upcoming zero-rating of essential foodstuffs. Additionally, Cyprus has extended its zero VAT rate on fresh produce, while in the APAC region, the impact of GST cuts on insurance premiums is being scrutinized. These developments highlight the ongoing evolution of VAT policies worldwide.