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

UPDATE: 2025 SME Special Scheme introduces pan-EU...

From 1 January 2025, significant changes to the EU’s SME scheme will extend VAT registration thresholds for EU companies trading in other EU member...

SEE MORE
VAT news
LATEST NEWS

Chile - B2C Sellers and marketplaces to charge VAT in...

At the end of October, the Chilean Congress enacted the Tax Compliance Bill  (Proyecto de Ley de Cumplimiento de las Obligaciones Tributarias), introducing...

SEE MORE
VAT news
LATEST NEWS

Philippines implements VAT on e-services provided by...

In October 2024, President Ferdinand Marcos Jr. of the Philippines signed into law Senate No. 2528 , introducing VAT on digital services provided by foreign...

SEE MORE
VAT news

Gated Content

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