Further extension of VAT rate cut to natural gas supplies until 31 December 2023 Italy has gazetted an eighth extension to the super reduced VAT rate on the supply of nature gas. The rate will continue to be 5%. The current temporary cut from 2021
Further extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the sixth time its application of the reduced 6% VAT rate on hotel and restaurant services until 1 December. It was previously at the 12% reduced rate. Reduced rate first
Ministry of Finance reconfirms VAT rise to 12% 2025 Following press speculation of a 2024 VAT rise, the Ministry of Finance has confirmed that the second-stage increase from the current 11% to 12% will only come in January 2025. As part of the original Tax
Toursim VAT cut prolonged again for further six months till April 2024 Uruguay has extended again its reduced Value Added Tax rate for tourism services as the economic effects of the coronavirus continue. VAT on hospitality services is normally 22%. This was cut to 9%
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
2022 COVID-19 VAT cut from 10% to 8% on essentials prolonged to 31 December 2023 Vietnam’s parliament agreed to extend a 2% VAT cut on essential goods and services until 31 December 2023. The aim is to support the economy which has suffered from a
Temporary zero-rating on basic foods to be extended until 31 December 2023 The temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals is to continue beyond the scheduled 30 June. This week, the Minister of Economic
One-year zero-rating of food as inflation rises to 8% The Dutch parliament has accepted for review a Bill to reduce VAT on basic foodstuffs for 12 months. This would exclude catering sector – restaurants and cafes, etc. Inflation in The Netherlands hit 8% in February
Chamber of Representatives makes energy VAT cut permanent The Belgian 2023 Federal Budget has changed the temporary VAT cut from 21% to 6% permanent. There will also be reforms of the excise duties on gas and electricity. This covers: electricity, natural gas, heating fuels and
Potential early ending to temporary VAT rate cut introduced at height of COVID pandemic Bulgaria is looking to bolster it’s finances with a range of tax changes, including ending from 1 July 2023 a temporary reduction in VAT rate on catering and restaurant services, as
