On 18 December, 2024, the European Commission issued a report outlining its findings on the VAT compliance Gap in the European Union. The VAT gap represents the […]
EU VAT Gap increased in 2022
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France – VAT Reduction for Shoe and Leather Goods Repairs from 20% to 5.5% as of 1st January 2025.
The French Parliament has approved a reduction in the VAT rate for shoe and leather goods repairs from 20% to 5.5%, effective from January 1, 2025. The […]
Ireland – VAT Rate changes announced in State Budget for 2025
The Irish government has published the State Budget for 2025, which includes the following changes regarding VAT: The reduced VAT rate of 9% on gas and electricity […]
Malta – Women’s sanitary products will be subject to a 0% VAT rate as of 1st January 2025.
The Maltese Minister of Finance has presented the 2025 budget, announcing that women’s sanitary products will be subject to a 0% VAT rate starting from 1st January […]
ITALY – new VAT penalties regime entered into force
Starting from 1st September 2024, a new regulation regarding tax administrative penalties and payment infringements was introduced. One of the pillars of the reform was a reduction […]
Slovakia – Approved increase of the standard and reduced VAT Rate with effect from 1st January 2024
The Slovak Ministry of Finance has approved an increase in the standard VAT rate from 20% to 23% and an increase in the reduced rate from 10% […]
Cyprus – 0% VAT Rate for basic food and women’s hygiene products has been reinstated as of 4th November 2024.
The Cypriot Council of Ministers has decided to reinstate a 0% VAT rate on basic food items and women’s hygiene products, effective from 4 November 2024 through […]
New regulations for Small Businesses operating within EU effective from 1st January 2025
Starting from 1st of January 2025 there will be new regulations for small businesses established and operating within the European Union. Currently each Member State has a […]
Slovakia – Proposal of the standard VAT Rate increase from 20% to 23% with effect from 1st January 2025.
The Slovak Ministry of Finance has proposed to increase the standard VAT rate from 20% to 23% and reduced from 10% to 19% . No change is […]
Estonia – Changes in the VAT Rates in 2025
Estonian Parliament approved the VAT Rate increase on accommodation services, including the one with breakfast, from 9% to 13% and press publication from 5% to 9% with […]
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