VATupdate

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New Differentiated VAT Rates for Goods and Services Effective Next Year

  • The 9% reduced VAT rate will be replaced by differentiated rates based on goods or services.
  • VAT on books and non-periodical publications will decrease to 5%.
  • Passenger transport, accommodation, and cultural events will have a 12% VAT rate.
  • District heating VAT will increase to the standard rate of 21%.

Source: kpmg.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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