- Germany, Switzerland, and Spain will implement significant VAT changes on January 1, 2025, including a reduction to 7% for art sales in Germany, various VAT rate adjustments in Switzerland, and an increase to 4% for basic food items in Spain.
- The United Kingdom and Finland will see the removal of VAT exemptions on private education, introducing a 20% VAT on school fees, while Finland will adjust its reduced VAT rates affecting various goods and services starting January 1, 2025.
- Countries such as Poland, Bulgaria, and Tajikistan will also adjust their VAT rates, with Poland modifying reduced rates, Bulgaria ending the 9% rate on catering and books, and Tajikistan reducing its VAT rate to 13%, all effective January 1, 2025.
Source Innovate Tax
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