VAT rates News

EU Finance Ministers Agree Landmark VAT Rate Rule Changes
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, January 5, 2022
EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. Read Full Story

Irish VAT Rate Cut To Be Reversed In March
by Jason Gorringe, Tax-News.com, London
Monday, February 15, 2021
The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

Ireland Lowers Headline VAT Rate
by Jason Gorringe, Tax-News.com, London
Wednesday, September 9, 2020
A temporary reduction in Ireland's standard rate of VAT entered into force on September 1, 2020. Read Full Story

Turkey Temporarily Reduces VAT Rates
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, August 7, 2020
On July 31, 2020, a presidential decree was published in Turkey's official gazette providing for a temporary value-added tax cut across numerous sectors. Read Full Story

German Cabinet Approves COVID-19 VAT Cut For Catering
by Ulrika Lomas, Tax-News.com, Brussels
Friday, May 15, 2020
On May 6, 2020, the German Cabinet adopted the draft Coronavirus Tax Assistance Act, which provides for a temporary reduction in value-added tax on food served in catering outlets. Read Full Story

Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, March 30, 2020
On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent. Read Full Story

Turkey Cuts VAT On Furniture
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, January 15, 2020
The Turkish Government has decided to reinstate a reduced rate of value-added tax on supplies of furniture, according to Finance Minister Berat Albayrak. Read Full Story

German Lawmakers Agree Climate Package
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 23, 2019
On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures. Read Full Story

Dutch Senate Approves Tax Plan
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 23, 2019
On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes. Read Full Story
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