COVID-19 forces tax support for key sectors Bulgaria is to reassign a range of supplies from the standard VAT rate of 20% to the reduced VAT rate of 9%. This will apply between 1 July 2020 and 31 December 2021. The tax break is designed
e-book VAT rate harmonised with paper equivalents The Council of the European Union has today agreed to permit member states to reduce the Value Added Tax rates on income from e-books and electronic publications. Previously, only printed books and press listed in Annex III of
COVID-19 tax support to key sectors The Baltic state of Latvia has introduced a reduced Value Added Tax rate of 5%. This will apply to certain fresh fruit, berries and vegetables. This includes fresh shelled, cut and packed produce. The new rate will only be
Romania reverse crisis VAT cuts Romania completes the roll back of the crisis VAT rate cuts. Its standard VAT rate will drop from 20% to 19% on 1 January 2017. This follows the cut from 24% to 20% on 1 January 2015. During the height
Third VAT increase following bail out Greece has raised its standard Value Added Tax rate from 23% to 24% from 1 June 2016. This reflects the struggling budget deficit and commitments made to its Euro bail out partners, the European Central Bank, EU Commission and
The French government confirmed this week that the planned French VAT rise to 20% from 19.6% will go ahead on 1 January 2014. This will include the elimination of the 7% reduced VAT rate – with goods and services moving to either the 5.5% or 10% reduced
Italy is confirmed plans to raise Value Added Tax from 21% to 22% from 1 October 2013. The Reduced Rates will be: 10%; 5%; and 4%. Check global VAT and GST rates with VAT Calc’s tracker The rise was originally submitted in June 2011, and was
Euro currency crisis forces tax rises The Czech Republic has increased its Value Added Tax rate from 20% to 21% from I January 2013. It had only increased it to 20% from 19% in January 2010. The reduced VAT rate will also rise from 14%
Simplification of old 5% sales tax The West African state of Gambia has introduced Value Added Tax from 1 January 2013. The standard VAT rate is 15% This replaces the 5% Sales Tax, on a much wider tax base. Many basic foodstuffs will be zero-rated
Netherlands hit by financial and Euro crisis; forces VAT rise The Netherlands has raised its standard Value Added Tax rate from 19% to 21% from 1 October 2012. The comes as the country attempts to control its budget deficit and market confidence in the midst
