Latest update: December 9, 2025
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PER REGION
Europe
- Austria: VAT cut on menstrual products and contraception (Jan 2026)
- Belgium: Belgium’s 2026 federal budget maintains the standard VAT rate at 21% while increasing several reduced VAT rates from 6% to 12% for hotel accommodations, take-away meals, sports and leisure events, and non-alcoholic beverages in restaurants, while raising the VAT on pesticides from 12% to 21%.
- Finland: Reduced VAT rate cut to 13.5% (Jan 2026)
- Germany: Reintroduction of 7% VAT rate for hospitality (Jan 2026) – Not yet official
- Greece: A 30% VAT reduction applies to certain islands in the North Aegean Region, Evros Regional Unit, and Dodecanese Prefecture with populations under 20,000, lowering standard VAT from 24% to 17% and reduced VAT from 13% to 9%, while excluding tobacco products and transport, with existing reductions for Chios, Kos, Lesvos, and Samos continuing but Leros losing its benefit after December 31, 2025.
- Lithuania: Reduced Rates Reshuffled (9% → 12% and 5%) (Jan 2026)
- Netherlands: Withdrawal of 9% VAT range for some services; temporary cut in reduced VAT rate to 8% (Jan 2026)
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Portugal 2026 Budget: Targeted VAT Cuts for Agriculture, Art, Game Meat, and Animal Welfare
- Switzerland: Standard VAT rate increase to 8.8% (Jan 2026)
- Russia: Standard VAT Increase (20% → 22%)
- Slovakia: “Unhealthy Foods” VAT Jump (19% → 23%)
- Bulgaria: End of temporary zero-rating for basic foodstuffs (Jan 2026)
Asia
- India: GST restructuring to a simplified 2-rate system (5% and 18%) from Sept 2025
- Kazakhstan: Proposed VAT increase from 12% to 16% (Jan 2026)
- Bhutan: GST implementation at 7% (Jan 2026)
Americas
- Brazil: VAT implementation begins (Jan 2026)
- Chile: VAT on digital marketplaces and low-value imports (Nov 2025 & Jan 2026)
- Dominican Republic: Third wave of mandatory VAT reforms (Jan 2026)
- Peru
Africa
- Liberia: VAT implementation at 18% (Jan 2026)
Russia
- Russia: VAT rate increase from 20% to 22% (Jan 2026)
CHRONOLOGICAL
January 1, 2026
- Feminine Hygiene & Contraceptives at 0%
- Approved: Reduced VAT rate from 14% to 13.5% starting January 1, 2026, affecting a wide range of goods and services including food, transport, accommodation, medicines, books, and cultural/sports activities.
- Public Broadcasting VAT Increase: The VAT rate on public broadcasting services will be increased
- The coalition government plans to lower the VAT rate for restaurant meals from 19 to 7 percent starting January 1, 2026, without a broader VAT reform.
- standard VAT rate from 12% to 16% starting in 2026.
- A 5% reduced VAT rate will apply in 2026 (rising to 10% in 2027) for pharmaceuticals, medical equipment, and healthcare services.
- A 10% VAT rate from 2027 will cover print publications and other socially important goods
- Reduced VAT rate will increase from 9 percent to 12 percent starting January 1, 2026
- New rate applies to accommodation services, regular passenger transport services including baggage, and entry to artistic and cultural institutions and events
- VAT rate for printed and electronic books will change to a reduced rate of 5 percent from the current 9 percent
- Withdrawal of 9% VAT range for some services; temporary cut in reduced VAT rate to 8%
- The current General Sales Tax (IGV) rate in Peru is 18%. This is composed of:
- 16% IGV proper
- 2% Municipal Promotion Tax (IPM)
- The IGV rate would drop to 15% starting January 1, 2026, then gradually increase:
- 2027: 16%
- 2028: 17%
- The preferential IGV rate would apply from January 1, 2026 through December 31, 2030, across all productive sectors.
- Government considers VAT Rate Increase to 23%
- Standard rate goes up to 22% from 20%
- The standard VAT rate will rise from 8.1% to 8.8% by 2026 to fund an extra pension payment.
- The special rate for accommodation will increase from 3.8% to 4.2%, and the reduced rate on everyday goods will go from 2.6% to 2.8%
April 1, 2026
- Proposal to Temporary VAT Cut on Food from 12% to 6% till December 31, 2027
Unknown – Proposals
- Government Delays VAT Cut for Hospitality Until Mid-2026, Excludes Accommodation from 9% Rate
- Proposal to reduce VAT on essential food items from 10% to 5% in a bid to curb inflation and strengthen consumer purchasing power
See also
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
