- Proposal to increase VAT on sports and culture from 9 percent to 21 percent was rejected
- 2025 Spring Memorandum includes various tax reforms and measures
- VAT increase proposal permanently abolished by the Minister of Finance
- Government to adjust income tax brackets and tax credits for inflation to cover financial impact
- Lower rates will remain, but income tax reliefs may increase more slowly
- 2025 Spring Memorandum updates government budget and future tax plans
- Final budget for 2026 to be presented on Budget Day
- Lower House of Parliament to debate and vote on proposed measures in autumn
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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