Inflation on food accelerates to 21.5% prompts temporary VAT rate cut Whilst Portuguese inflation is drifting downwards – 8.2% in February compared to 10.1% peak in October 2022, food inflation is now at its highest since 1985. This has prompted the Prime Minister, Antonio Costa,
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
Prolonged inflation leads Parliament to propose one-year extension of VAT reduction Croatia’s Parliament is reviewing a new tax code update that would prolong the cut in VAT on heating from 25% to 5%. Gas would also be held at 5% from its usual reduced rate
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
Extension of temporary inflation VAT cut from 14% to 12% until 31 March 2023 Botswana is to extend its temporary cut of VAT from 14% to 12% until 31 March 2023. It was initially dropped on 1 August 2022 and was due to revert at
3-month reduction to 31 March 2023 to 10% reduced VAT rate for catering and sports-related activities The Slovak Republic has agreed to a halving of the VAT rate on a range of supplies between 1 January and 31 April 2023. This is in recognition of
Indian Ocean Island state increases GST and Tourism Tax from 1 January 2023 to finance debt costs The Maldives has passed a rise in the Goods and Services Tax from 6% to 8%. It will also increase the Tourism Goods and Services Tax (TGST) from
Parliament review VAT rate cuts to food, restaurants and other services The Riigikogu, the Parliament of Estonia, is reviewing a Bill to reduce to the reduced VAT rate of 5% the following supplies: Food excluding alcohol and tobacco Restaurant and catering feed and mixed feed
