Last update: April 18, 2024
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March 31, 2024
- Uruguay
- End of the zero VAT rate on hotel-related services to resident tourists
April 1, 2024
- Ecuador
- VAT rate between 13% and 15% from April 1, 2024 and 5% VAT rate on local transfers of construction materials
- Poland
April 30, 2024
- Cyprus
- End of Zero Rate VAT on Basic Goods
June 1, 2024
- Cyprus
- Zero VAT rate on Food ends
July 1, 2024
- Bulgaria
- End of 9% VAT rate on tourism
- Greece
- End of the COVID-19 temporary reduced rates
- Spain
- The temporary zero VAT on food products in Spain will now remain in effect until 30 June 2024
- Vietnam
- End of the 2% VAT reduction (from 10 to 8%)
October 1, 2024
- Thailand
- VAT rate increase from 7 to 10%
November 1, 2024
- Ireland
- End of the reduced VAT rate of 9% for gas and electricity
December 31, 2024
January 1, 2025
- Bulgaria
- End of 9% VAT rate on Restaurant services
- Estonia
- Accommodation services and accommodation services with breakfast are taxed at 13% VAT rate (instead of the current 9%)
- VAT rate for press publications will rise from 5% to 9%
- Finland
- Increase Reduced VAT Rate to 14% from 2025. Items include books, pharmaceuticals and public transport, Excluded are newspapers and magazines.
- Indonesia
- Standard VAT rate increase from 12 to 15%
- Israel
- Standard VAT rate increase from 17 to 18%
- Portugal
- Until 31 December 2024, the reduced VAT rate (currently 6% in mainland Portugal, 5% in Madeira, and 4% in the Azores) will remain in force for the supply of electricity for consumption (excluding the fixed components of electricity supplies) in relation to contracted power not exceeding 6.90 kVA, for the portion of the supply not exceeding the following:
- 100 kWh per 30-day period; or
- 150 kWh per 30-day period when purchased for consumption by large families (i.e., households including five or more persons).
In addition, the reduced VAT rate will apply to the acquisition, delivery and installation, maintenance, and repair of machinery and other equipment intended exclusively or mainly for the capture and utilization of renewable energy (e.g., solar, wind, and geothermal energy).
- Until 31 December 2024, the reduced VAT rate (currently 6% in mainland Portugal, 5% in Madeira, and 4% in the Azores) will remain in force for the supply of electricity for consumption (excluding the fixed components of electricity supplies) in relation to contracted power not exceeding 6.90 kVA, for the portion of the supply not exceeding the following:
- Switzerland
- Introduction of 2.5% VAT rate for feminine hygiene products
March 31, 2025
- Croatia
- End of the The reduced rate of 5 percent on heating supplies
During 2027
- Nigeria
- Tajikistan
- Draft – VAT rate reduction from 14 to 13%
Unknown
- Finland
- Increase standard VAT rate from 24 to 25.5%
- VAT rate on candies will increase from 14 to 25.5%
- Laos
- Increase of the VAT rate from 7 to 10%
- Malawi
- VAT rise proposal from 16.5% to 17.5%
- Switzerland
- VAT rise proposal from 8.1% to 8.5% in 2026
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
