23 December 2015
As previously stated in our October 2015 newsletter, the reduced VAT rate will increase from 8% to 10% as of 1 January 2016. This rate is currently applied to supplies such as hotel accommodation, public transport, cinema entrance and the state TV licence.
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Romania to increase VAT on most reduced rated supplies...
Romania confirmed that from 1 August 2025 most supplies carrying the reduced VAT rates of 5% and 9%, will be subject to the standard VAT rate of 19%. The only...
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Lithuanian reduced VAT rate changes
The Lithuanian Ministry of Finance confirmed that it will: Increase the reduced VAT rate of 9% to 12% affecting such services as domestic passenger transport...
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Gibraltar to introduce a 15% sales tax
As a result of a post-Brexit agreement between the UK and Spain, the British overseas territory of Gibraltar will introduce a 15% sales tax by 2028. Post...
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