May 2023: 10 rate changes (confirmed and proposed) announced this month

Governments worldwide are reducing VAT on essential items to combat inflation. Recent changes include:

the end of temporary VAT cuts on electricity and public transport in Finland
Cyprus is considering cutting VAT to zero on items such as milk, bread, baby food, toilet paper, and nappies
Slovakia has permanently cut VAT on restaurant and catering services and sports facilities
Spain has extended the zero rate of VAT on basic food items until June 2023
Portugal has zero-rated certain food items
Romania has exempted hospital supplies from VAT
Belgium has permanently reduced VAT on energy
Estonia is considering reducing VAT on food and beverages
Ireland has extended the reduced VAT rate for the tourism and hospitality industries
Morocco has canceled VAT on agricultural inputs to reduce prices of fresh produce.

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