- Multiple countries are implementing VAT and indirect tax rate changes effective mostly from 1 January 2026, with some exceptions.
- Notable changes include new or adjusted VAT rates in Belgium, Bhutan, Cabo Verde, Cyprus, Denmark, Ecuador, Finland, Germany, Ghana, Greece, Ireland, Kazakhstan, Latvia, Liberia, Lithuania, Malawi, Netherlands, and Romania.
- Several countries are reducing VAT rates on specific goods or services (e.g., books in Denmark, food in Latvia, electricity and water in Cabo Verde, restaurant services in Germany).
- Some countries are increasing standard VAT rates (e.g., Ecuador, Kazakhstan, Malawi, Liberia, Romania, Netherlands for short-stay accommodations).
- Special or temporary VAT reductions and regime changes are being introduced in Cyprus, Greece, and Liberia.
Source: bdo.global
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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