Portugal has announced a rise in its standard VAT rate from 21% to 23% from 1 January 2011. The follows the worsening Euro financial crisis, and threat to a number of countries’
Financial crisis leads to austerity tax rises The UK has increased its standard Value Added Tax rate from 17.5% to 20% from 4 January 2011. This comes as the government’s
Poland austerity VAT hike Poland has become the newest European country to increase its indirect tax rate to help cope with financial crisis and Euro currency crisis. Its standard rate
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