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
Further extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the sixth time its application of the reduced 6% VAT rate on hotel and restaurant services until 1 December. It was previously at the 12% reduced rate. Reduced rate first
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
Reduced rate of 3% under new EU freedoms on reduced VAT rates Update: this new rate was gazetted on 23 July 2023, and so is now in effect. Cyprus’ Council of Ministers has agreed to introduce a new 3% reduced VAT rate under the new
Lower VAT rate for recyclates / recycled products The Czech delegation to the EU has proposed permitting extended use of the reduced VAT rates on recycled products. The Czechs believe that the introduction of a reduced VAT rate for products with recycled content would stimulate
Temporary domestic gas and electricity cut from 13.5% to 9% until 31 Oct 2023 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. The anti-inflation measure was first introduced in May 2022 as post-COVID and Russian invasion of Ukraine inflation
2023 Spring Memorandum refers to withdrawal of some reduced VAT rates In i’s recent Spring Memorandum, the Dutch government has included a review of the application of the 9% reduced VAT rates and zero-rated category to simplify their use and withdraw unwarranted applications. This includes
Five-month emergency VAT rate cut ends on electricity from 24% to 10% until 30 April 2023; public transport reduced to 0% Finland’s President temporary VAT rate cut on domestic electricity in its 2023 Budget has ended. This was from the 24% standard rate to the
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
