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 […]
ITALY – new VAT penalties regime entered into force
All posts tagged: EU VAT updates
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 […]
Cyprus – 0% VAT Rate for basic food and women’s hygiene products will not be further extended after 30th September 2024
Cypriot Council of Ministers decided that the 0% VAT Rate on basic food and women’s hygiene products will not be further extended and will end on 30 […]
Lithuania – Proposal to reinstate the reduced VAT Rate for Catering Services and Takeaway food
Lithuania – Proposal to reinstate the reduced VAT Rate for Catering Services and Takeaway food as of 1st July 2024 Members of the Lithuanian parliament proposed to […]
The European Parliament proposes potential delay to ViDA of up to 2 years
On 20th June 2023, the European Parliament submitted to the EU Commission its proposed amendments to the VAT Directive 2006/112/EC regarding the VAT rules for the Digital […]
VAT rules on e-commerce: EU Commission outlook two years on
The EU Commission has published figures on the 2022 revenue collected through the simplified e-Commerce VAT reporting schemes which were introduced in as part of the ‘VAT […]
EU Customs reform: A VAT perspective
On 17th May 2023, the EU Commission released a comprehensive package of proposed EU customs reforms which will represent the biggest changes to the EU customs union […]
EU VAT Update May 2023
Czech Republic- Reduced VAT rates of 10% and 15% to be merged under new VAT rate of 12% The Czech government recently announced a recovery package to […]
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