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Climate package – VAT on long distance rail journeys from 19 to 7% from January 1, 2020

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Climate package – VAT on long distance rail journeys from 19 to 7% from January 1, 2020

A reduction in the rate of value-added tax on long distance rail journeys (those in excess of 50km) from 19 to seven percent from January 1, 2020. Currently, only rail fares for journeys of less than 50km qualify to be taxed at the seven percent reduced VAT rate, with the remainder taxed at 19 percent.

Source tax-news

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