Fintua’s International VAT Rate Round Up: December 2025

• Costa Rica: Bill No. 25.239 proposes a gradual reduction of the standard VAT rate from 13% to 10% over three years, initially applying the reduced rate to essential goods and services, with the aim of shifting the tax burden towards accumulated wealth and modernizing the tax system. The bill is currently under legislative review.
• Ghana: A VAT reform package has been submitted to Parliament, aiming to reduce the effective VAT rate from 21.9% to 20%, as part of efforts to create a fairer and simpler VAT system.
• Latvia: Proposed VAT reductions include a 5% rate on books and press publications, and a 12% rate on essential food items such as fresh fruits, vegetables, and milk. If adopted, these changes are expected to take effect on January 1, 2026.
• Netherlands: The VAT rate on accommodation will increase from 9% to 21% starting January 2026, while the reduced rate will remain for artworks, books, library services, and access to cultural and sports events, aligning with broader fiscal goals.

Source Fintua

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