Overview of European VAT Rates - January 2014
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Transcript of Overview of European VAT Rates - January 2014
VAT rates in Europe: from 1 January 2014
Please find below a high level overview of the VAT rates in Europe with changes and
anticipated/possible changes as announced to 1 January 2014. We have highlighted in red text the
most recent updates.
Country
Standard rate Reduced rate
Austria
20% 10%
Belgium
21% 12%, 6%, 0%
Bulgaria
20% 9%
Croatia
25% 5%, 10%
Cyprus
19% (with effect 13/1/2014) 18% (till 13/1/2014)
9% (with effect 13/1/2014), 5% 8% (till 13/1/2014)
Czech Republic 21% 15% Possible uniform rate 17.5% (as from 01/01/2016)
Denmark
25% none
Estonia
20% 9%
Finland
24% 14%, 10%, 0%
France
20% (with effect 01/01/2014) (from 19.6%)
10% (with effect 01/01/2014) (from 7%) 5.5, 2.1%
Germany
19% 7%
Greece (Mainland)
23% 13%, 6.5%
Greece (Aegean Islands)
16% 9%, 5%
Hungary
27% 18%; 5%
Ireland 23% 13.5%, 9%, 4,8%
Italy
22% (with effect 01/10/2013) 10%, 4%
Latvia
21% 12%
Lithuania
21% 9%, 5%
Luxembourg
15% Future increase of standard rate (with effect 2015)
3%, 6%, 12%
Malta
18% 5%
© 2014 Grant Thornton UK LLP. All rights reserved. 'Grant Thornt on' refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients an d/or refers to one or more member firms, as the context require s. Grant Thornton UK LLP is a member firm of Grant Thornton International L td (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Ser vices are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and d o not obligate, one another and are not liable for one another's act s or omissions. This publication has been prepared only as a guide. N o responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any mater ial in this publication. www.grant-thornton.co.uk
Country
Standard rate Reduced rate
Moldova
20% 8% , 0%
The Netherlands
21% 6%
Norway
25%
15%, 8%
Poland
23% 5%, 8%
Portugal (Mainland)
23% 6%, 13%
Portugal (Azores)
16% 4%, 9%
Portugal (Madeira)
22% 5%, 12%
Romania
24% 9%, 5%
Russia
18% 10%, 0%
Slovak Republic
20% 10%
Slovenia
22% 9.5%
Spain
21% 10%, 4%
Sweden
25% 6%, 12%
Switzerland 8% 2.5%, 3.8%
Turkey
18% 8%, 1%
United Kingdom
20% 5%, 0%
Contacts:
Karen Robb Partner International Indirect Tax +44 (0)20 772 82556 [email protected]
Alex Baulf Senior Manager International Indirect Tax +44 (0)20 7728 2863 [email protected]
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