Q4 2023 VAT Changes in Bulgaria
The Deputy Minister in an interview for local media commented on the further application of the 9% VAT rate for restaurants and catering services.
Q4 2023 VAT Changes in Czech Republic
On 13 October 2023, Bill 488 that combines the two reduced VAT rates (10% and 15%) into a single VAT rate of 12% was accepted at the third reading.
Q4 2023 VAT Changes in Estonia
Several weeks after rejecting draft 10 OE for reducing the VAT rate of basic food to 5%, a new draft with the same proposal was submitted – 272 OE. Except for the 5% rate on foodstuff, the Bill proposes 5% VAT on medicines also.
Q4 2023 VAT Changes in Germany
After rejecting the draft Bill 20/5810, proposing a further extension of the 7% VAT on restaurant and catering services, a new proposal was submitted in this regard under number 394/23.
Q4 2023 VAT Changes in Greece
A 13% VAT rate has been proposed in Budget 2024 on short-term property rentals with an aim to regulate the short-term rental market on short-term property rentals (Airbnb type) to legal entities and natural persons with three or more rented apartments.
Q4 2023 VAT Changes in Greece
On 19 October 2023, the Greek Tax Authorities published clarifications on the application of VAT provisions to electric vehicle charging – E 2060/2023.
Q4 2023 VAT Changes in Italy
The Italian Tax Authority has extended the reduced VAT rate on gas, domestic and industrial use.
Q4 2023 VAT Changes in Ireland
Three VAT rate changes were proposed in the Irish 2024 Budget:
Q4 2023 VAT Changes in Lithuania
In June 2023, in Seimas of the Republic of Lithuania was submitted Bill (Reg. Nr. XIVP-2926) proposing amendments in the VAT Law, Art. 19, Paragraph 3, Clause 6 – catering services and takeaway meals provided by restaurants, cafes, and similar catering establishments to be permanently placed to 9% reduced VAT rate.
Q4 2023 VAT Changes in Macedonia
On 25 September 2023, Macedonian Tax Authority published in the Official Gazette No. 199/23 amendments to the VAT Law, among which VAT rate changes for the following goods are taxable at a VAT rate of 5%:
Q4 2023 VAT Changes in Malta
On 6 October 2023, Legal Notice 231/2023 was published in the Government Gazette of Malta, No. 21,126 introducing a new reduced rate of 12%.
Q4 2023 VAT Changes in Romania
As a result of a meeting in Brussels between the Romanian Prime Minister and the President of the European Commission, Romania may remove the reduced VAT rates (5% and 9%) and maintain only the standard rate of 19%.
Q4 2023 VAT Changes in Singapore
As previously mentioned, the VAT rate will change again in Singapore.
Q4 2023 VAT Changes in Thailand
On 16 September 2023, the Thai Royal Gazette published Royal Degree Nr 780 concerning the reduction of the VAT rate.
Q4 2023 VAT Changes in Vietnam
On 13 October 2023, the Minister of Finance submitted a resolution 11239/BTC-CST proposing an extension of the application of the 8% reduced VAT rate until 30 June 2024.
Source: taxbackinternational.com
