Minimum VAT rate of 15% extended by the EU until December 2017

29 June 2016

The European Union has decided that it will retain the minimum standard rate of VAT at 15% until at least the 31 December 2017.

This minimum VAT rate means that no EU member state can reduce their standard rate of VAT to less than 15%. This is intended to prevent large differences between the standard rates of VAT in all EU member states.

 

LATEST NEWS

Sri Lanka defers non‑resident VAT on B2C...

Sri Lanka’s Inland Revenue Department (IRD) has announced a further deferral of VAT on digital services supplied through electronic platforms by...

SEE MORE
VAT news
LATEST NEWS

Germany provides further guidance on how e-invoicing...

The German Ministry of Finance (Bundesministerium der Finanzen, BMF) has updated the e‑invoicing frequently asked questions on its website. The updated FAQs...

SEE MORE
VAT news
LATEST NEWS

Slovakia proposing to extend domestic reverse charge...

Slovakia is considering expanding its domestic “reverse charge” VAT rules to certain higher risk services. The sectors reported to be in scope include IT...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.