National Assembly approves 8% rate (instead of 10%) to be extended until 1 January 2027 The Vietnamese National Assembly has approved a government resolution to prolong the 2% reduction to VAT on a range goods and services. It will now continue until the end of
Tourism VAT cut prolonged again for further six months till 28 April 2026 Uruguay has extended for the forth time 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
Agreement (but no confirmation) on restoring 9% rate from 13.5% on food-led hospitality sector, entertainment and hairdressing The incoming Irish Fianna Fail and Fine Gael coalition government is reported in its ‘Programme for Government‘ to have agreed on returning hospitality services back to the 9%
2025 budget ends COVID VAT cut to 9% for restaurant and catering services The Bulgarian 2025 budget has withdrawn the temporary reduced VAT rate of 9% on restaurant services from 1 January 2025. The measure was first introduced in July 2020. The cut also included
1st January VAT rise to 12% but only on luxury goods The Indonesian government has increased the Value Added Tax rate from 11% to 12% from a January 2025 on luxury goods only – applicable to certain goods and services. To support the less-well-off, the
VAT rate on restaurant and cafe services cut to 6% till Feb 2025 The Moldovan State Tax Service has confirmed that VAT for hospitality services will be cut from 8% to the reduced VAT rate of 6% end on 13 February 2025. The reduced rate,
End of inflation spike means 2022 temporary zero-rating to be phased out The Spanish temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals is to be phased out as inflation returns from a 10.8% 2022 peak
Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis and takeaway or delivery non-alcoholic beverages will now be permanent. They were due to return
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
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
