EU allows VAT reduction for seven categories

• VAT rate possible between 0 and 5% on goods and services such as solar panels, water, passenger transport and live streaming of sports matches or shows (in total 7 categories)
• Member States will have more flexibility to set lower VAT rates if there is no distortion of competition. For example, a low rate between 0 and 5% can be applied to pharmaceuticals, medical equipment, book delivery and library lending.
• Reduced VAT rates on fossil fuels such as oil, gas and coal will no longer be allowed from 1 January 2030.
• The same applies to fertilizers and chemical pesticides from 1 January 2032.

Source Taxence

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