07 Nov

VAT changes

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Italy VAT rate increase

The standard rate of VAT in Italy increases from 22% to 25% and the reduced rate from 10% to 11.4% with effect from 1st January 2018

Greece VAT rate increase

The standard rate of VAT in Greece increases from 23% to 24% with effect from 1st June 2016

Czech Republic VAT rate

The VAT rate on catering services in the Czech Republic will be reduced from 21% to 15% with effect from 1st December 2016

Portuguese VAT rate

The VAT rate on restaurant services in Portugal will decrease from 23% to 13% with effect from 1st July 2016

Norwegian VAT rate

The reduced VAT rate in Norway increases from 8% to 10% with effect from 1st January 2016

Austrian VAT on accommodation

The Austrian VAT rate on the rental of accommodation will increase from 10% to 13% with effect from 1st May 2016.

Austrian VAT rate increases

With effect from 1st January 2016 the reduced VAT rate of 10% will increase to 13% for internal flights, entry to certain events and the supply of agricultural products.

Romania VAT rate decrease

Romania will reduce its standard rate of VAT from 24% to 20% with effect from 1st January 2016 with a further reduction to 19% with effect from 1st January 2017

Italian VAT rate

The proposal to increase the Italian standard rate of VAT from 22% to 24% from 1st January 2016 has been postponed until 1st January 2017

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