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
Fifth extension of COVID-19 rate cut on non-alcoholic drinks, transport and some tourism The Ministry of Finance has announced a new prolongation of the cut to 13% on a range of supplies. The cut was due to run out on 30 June 2023. Instead, it
Cut from 13.5% to 9% extended for third time until 31 August 2023 Irish Ministers are expected to confirm today that there will be a third extension of the hospitality and tourism reduced VAT rate from 13.5% to 9%. This latest extension will be until
Fifth extension of gas VAT cuts until 31 March 2023 as inflation hits 7.9% in July 2022 Italy has extended for the forth time the temporary cut in Value Added Tax rate on domestic and industrial use gas until the Spring. Italian inflation has dipped
Six months’ VAT zero rating on basics follows ongoing reductions on gas rates The Spanish government on 27 December 2022 announced VAT cuts on certain goods between 1 January and 30 June 2023: Basic foods (including bread, milk, eggs, cheese, fruit and vegetables, and cereals)
2% temporary cut in VAT rat3 Feb to Dec 2022 expires Vietnam’s standard VAT rate on a range of supplies will return to 10%. Between 1 February and 31 December 2022, the rate has been cut to 8% to help stimulate the economy which is struggling
Ongoing struggles in sector following COVID lockdowns prompt shift from standard to reduced VAT rate The Lithuanian parliament is considering a proposal to reclassify a range of sport and culture activities from the standard rate of VAT at 21% to the reduced rate of 9%.
