Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods for a further three months until 31st December 2023. This covers a list of 46
2023 1-year cut in VAT rate from 17% to 16% largely retained by businesses and not passed to consumer Luxembourg’s national statistics agency, Statec, has concluded that the temporary Luxembourg 1% standard VAT cut to 16% has largely not been passed onto consumers. Inflation only
Ministry of Finance say considering repeat of 2022 rate cut from 10% to 8% on basics to boost flagging growth The Vietnamese Finance Ministry has indicating it will repeat into 2023 a VAT rate cut on basic supplies. The Vietnamese economy growth is slowing: Q1
3-month reduction for catering and sport-related activities permanent from 1 April 2024 The Slovak Republic had agreed to a halving of the VAT rate on a range of supplies between 1 January and 31 March 2023. This has now been made permanent from 1 April
Ending of prolonged temporary VAT rate cut from 14% to 12% Botswana’s Unified Revenue Service has confirmed that the standard Value Added Tax rate has reset to 14% on 1 April 2023. This follows a nine-month reduction following inflation concerns. Jan 2023 Extension of temporary inflation
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
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
