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

EU confirms €3 customs duty and VAT treatment for...

From 1 July 2026, the EU will remove the current customs duty exemption for goods valued at €150 or less. Instead, a temporary €3 customs duty per item...

SEE MORE
VAT news
LATEST NEWS

EU council struggles to agree on the removal of the...

The EU is struggling to finalise changes to its Import One Stop Shop (IOSS) system as part of the 2028 Customs Reforms, with member states divided over plans...

SEE MORE
VAT news
LATEST NEWS

Austria proposes a €2 customs charge on a per parcel...

Austria is proposing to impose a €2 charge on e-commerce low-value imports (under €150) entering Austria from outside the European Union from October...

SEE MORE
VAT news

Gated Content

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