Despite drop in peak inflation, government extends for fourth time VAT cut on essentials until 31 December 2025 The Cypriot Tax Department has approved a further three-month extension to the temporary reduction in the reduced 5% to 0% on certain essential goods. The rate cut
Temporary domestic gas and electricity cut from 13.5% to 9% until 30 Apr 2025 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. This latest extension was contained within the 2024 Budget on 1 October 2024. The cut was due
Temporary domestic gas and electricity cut from 13.5% to 9% extended for fourth time to April 2025 Discussions for the upcoming Irish budget include a further prolongation of the reduced VAT rate on domestic gas and electricity supplies. The current 9% rate, down from 13.5%
Government give further 1-year extension of VAT reduction Croatia’ has prolonged again the cut in VAT on heating from 25% to 5%. Gas would also be held at 5% from its usual reduced rate of 13%. This cut was due to expire from 1 April
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods for a further three months until 31st December 2023. This covers a list of 46
Cut from 13.5% to 9% ended after 3 extensions following COVID and inflation crises After almost three years since the COVID crisis, Ireland has returned its hospitality, hotels and tourism VAT rate to 13%. It was originally cut to 9% in November 2020. The temporary
Canada issues latest round of Goods and Services Tax refunds of over $220 each to 11 million citizens Canada’s Revenue Agency has confirmed a GST credit refund to over 11 million citizens to help support the less wealthy during the period of heightened prices. Canada
2023 1-year cut in VAT rate from 17% to 16% largely retained by businesses and not passed to consumer Luxembourg’s national statistics agency, Statec, has concluded that the temporary Luxembourg 1% standard VAT cut to 16% has largely not been passed onto consumers. Inflation only
