Temporary domestic gas and electricity cut from 13.5% to 9% until 30 Apr 2025 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. This latest extension was contained within the 2024 Budget on 1 October 2024. The cut was due
2026 switching accommodation, books cultural services from 9% reduced rate to 21% standard rate The Dutch government has confirmed on 17 September 2024 in its 2025 Tax Plan that it will recategorise a range of supplies from 9% to 21%. This will raise €2.2 billion
Swiss government backing 0.7% VAT increase in 2026 to fund pensions rise The Swiss Federal Council government has upped a proposed VAT hike from 0.4% to 0.7%, taking the standard rate from the current 8.1% to 8.8% – probably in 2026. This could bring in
Bank warns loss of tourism trade undercuts expected revenues of accomodation 2026 VAT rise to 21% The Dutch bank, ABN Amro, has challenged the Dutch government’s decision to increase VAT from 9% to 21% for hotels, holiday parks, and other sectors, suggesting that the policy
1.5% VAT rate rise to 25.5% on 1 September 2024; reduced rate increases Jan 2025 Finland has increased its standard Value Added Tax rate to 25.5% on 1 September 2024. The 10% and 14% reduced rates will remain the same, but there will be upward
Temporary domestic gas and electricity cut from 13.5% to 9% extended for fourth time to April 2025 Discussions for the upcoming Irish budget include a further prolongation of the reduced VAT rate on domestic gas and electricity supplies. The current 9% rate, down from 13.5%
VAT rules updates as country readies for EU membership The east European state of Montenegro is continuing to harmonise its Value Added Tax regime with that of the European Union. This is part of its longterm accession negotiations which include the obligation to adopt the
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
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
