- Several European countries are planning to amend their VAT rates
- Changes are linked to the VAT Rate Directive coming into force in 2025
- Specific changes include an increase in standard VAT rates, introduction of new reduced rates, and alignment with EU requirements
- Countries like Slovakia, Estonia, Finland, France, Italy, Latvia, and Romania are among those making changes
- More changes are expected to be announced in the coming months
Source: essentiaglobalservices.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.
