- VAT Rate Increases: Several European countries, including Luxembourg, Czech Republic, and Estonia, have updated their VAT rates for 2024, with increases in standard and reduced rates.
- Specific Product Rates: Changes include consolidating reduced rates and introducing new rates for specific products, such as medical marijuana and menstrual cups.
- Future Plans: Switzerland plans further VAT rate increases in 2026 to support pension finances, highlighting ongoing adjustments to VAT policies in response to economic needs.
Source VATai
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