VATupdate
VAT

Share this post on

Summary VAT rate changes per July 1, 2020

VAT RATE CHANGES PER JULY 1, 2020
Country Old rate New rate Scope Link
Austria July 1 – Dec 31, 2020 20 10 Reduction in the VAT rate to 10% on non-alcoholic beverages until the end of 2020. As provided in the law, this applies for supplies made after 30 June 2020 and before 1 January 2021. Link
Austria July 1 – Dec 31, 2021 10 5  reduced VAT rate introduced to support the gastronomy, culture and publishing sectors from July 1 till Dec 31, 2020 Link
Bulgaria July 1, 2020 till Dec 31, 2021 21 10 Reduced 9% VAT Rate for Books, Restaurant Services and Diapers for Babies Link
Cyprus July 1, 2020  – Jan 10, 2021 9 5 Temporary reduction of the VAT rate applicable to hotel accommodation, restaurant services and certain passenger transport from 9% to 5% as from 1 July 2020 until 10 January 2021 Link
Czech Republic July 1, 2020 15 10 Reduction from a 15% VAT rate to 10% shall apply to accommodation services, entrance fees for cultural and sports events and to sports centres (including ski lift passes), saunas and other similar facilities. Link
Germany July 1 – Dec 31, 2020 19/7 16/5 Standard VAT rate reduced from 19 to 16 percent and reduced tax rate will drop from 7 to 5 percent Link
Poland July 1, 2020 (delayed – original date April 1, 2020) 8 (23) 5 Tropical and citrus fruits, some edible nuts, citrus peels, melons, soups, broths, diabetic food and homogenised foods, pacifiers, food for infants and toddlers, nappies, car seats,bread of all kinds and cookies Link
Saudi-Arabia As of July 1, 2020 5 15 VAT standard rate to increase from 5% to 15% Link

Sponsors:

VAT news

Advertisements: