The council passed a VAT rate directive that will allow EU member states to:
- 2 reduced VAT rates of 5% for 24 products
- Zero-rated VAT rates for 7 products
- Super reduced VAT rate of 5% for 1 product
- An existing VAT exemption of at least 12% VAT rate for other member states under specific conditions
- A shift in the place of taxation starting from 2025
Source: GVC
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