12 June 2014
The VAT rate increase to 17% effective 1 January 2015 has been agreed in principle by the government. The intermediate rate of 12% will also increase to 14% and the reduced rate from 6% to 8%. The super-reduced rate of 3%, which is applied to, for example, food items, will not be changed, but it is expected that its scope will be reviewed in respect of its application to real estate transactions.
LATEST NEWS
France introduces €2 customs charge on a per item...
From 1 March 2026, France will levy a €2 “taxe sur les petits colis” charge on low‑value imports (under €150) brought into France from non‑EU...
SEE MORE
LATEST NEWS
EU confirms €3 flat rate customs duty on low value...
In February 2026, the Council of the EU formally approved the removal of the EU’s threshold‑based customs duty relief (the €150 de‑minimis) with effect...
SEE MORE
LATEST NEWS
Azerbaijan introduces mandatory VAT Registration for...
Azerbaijan has approved significant reforms to its VAT rules for non‑resident digital service providers, moving from a withholding‑based model to a...
SEE MORE