- The Estonian Parliament is considering three proposals to reduce VAT rates on specific items.
- Resolution Nos. 272 OE and 277 OE aim to reduce the VAT rate to 5 percent on foodstuffs, excluding alcohol.
- The proposals also include reducing the VAT rate on medicines, specifically for the treatment of cancer and other malignant tumors.
- The reduction in VAT rates would apply to both private individuals and legal entities.
- The current standard VAT rate in Estonia is 20 percent.
- The aim of these proposals is to make essential items more affordable for the public.
Source: news.bloombergtax.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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