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
Posts archive for 2024
Finland – Increase in the reduced VAT rate from 10% to 14%, effective 1st January 2025
The Finnish Government has approved an increase in the reduced VAT rate from 10% to 14%, effective 1st January 2025As a result, goods and services currently subject […]
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 […]
Changes to EU place of supply rules for virtual events as of January 2025
From 1st January 2025, live virtual events will be taxable in the jurisdiction where the participants are established, bringing the VAT treatment in line with digital services. […]
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 […]
VAT in the Digital Age (ViDA) package is APPROVED!
At today’s ECOFIN meeting, EU finance ministers were able to reach an agreement on the VAT in the Digital Age (ViDA) proposal, approving in full the compromised […]
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 […]
Belgium – Change of the deadline for quarterly VAT declarations from 1st January 2025.
Belgium’s Federal Public Service Finance announced the change of the deadline for quarterly taxpayers which will be effective from 1st January 2025.Quarterly VAT declarations and VAT payments […]