European Finance Minister meeting at ECOFIN on 18th June failed to agree on a compromise to enable more reduced rate setting freedoms for member states. Countries such as Germany, France and Sweden were not in agreement around environmental protections rules being proposed by the Portuguese
The European group of finance ministers, Economic and Financial Affairs Council (ECOFIN), reported to the European Council on progress of various EU VAT reforms. This came on 3 June 2021. Follow all the European Union’s completed and planned reforms via VAT Calc’s EU VAT reform
Two temporary cuts to VAT rates extended till 30 September 2021 during COVID-19 pandemic Turkey has extended again the reduce the Value Added Tax rate on accommodation and other services to the 1% reduced rate, this time until 30 September 2021. A range of other
Moldova has agreed to temporarily reduce the Value Added Tax rate on hotel, restaurant and café services. The new rate will be 6% as opposed to the current 12%. The standard VAT rate is 20%. The change will apply to qualified hotels, restaurants and catering
COVID-19 VAT rate cut Belgium has approved a 6% reduced VAT rate on restaurants between 8 May and 30 September 2021. This will include non-alcoholic beverages consumed on premises. The regular rate is the 12% reduced rate. The current VAT rate in Belgium is 21%. This
Norway is to prolong the last year’s temporary Value Added Tax reduced rate cut from 12% to 6% until 30 September 2021. The rate was originally cut in April 2020 to help key sectors hit by the economic effects of COVID-19 and the lockdown. The
Turkey has again extended the application of temporary VAT cuts due to the ongoing coronavirus pandemic and economic situation. The following supplies will continue to be reclassified from the reduced 8% rate to the reduced rate of 1%: Overnight accommodation Hospitality services Entrance to theatres,
Ukraine has introduced a new 14% reduced VAT rate from 1 March 2021. This is added to the existing standard VAT rate of 15% and the reduced rate of 7% on pharmaceuticals, and admission to cultural / cinema / sport etc and . The original
Germany’s standard VAT rate has returned to 19% on 1 January 2021. Restaurant 7% rate continues until end of 2022 Germany temporarily cut its 19% standard VAT rate to 16% from 1 July until 31 December 2020. This was to help consumers and businesses struggling
Germany’s standard VAT rate has returned to 19% on 1 January 2021. Restaurant 7% rate continues until end of 2022 Germany temporarily cut its 19% standard VAT rate to 16% from 1 July until 31 December 2020. This was to help consumers and businesses struggling
