2012 European and International VAT rate increases

30 December 2012 update

Below is a summary of major Value Added Tax rises in 2012.  The information is provided by TMF Group’s global offices, and reviewed on a monthly basis.  You can also see all major 2011 European and International VAT and GST rate increases here.

For enquiries about VAT rates, please contact: richard.asquith@tmf-group.com

European VAT increases in 2012 and beyond

You can review all current European VAT rates here.

Belgium: withdrew VAT on legal and digital TV services from 1 January 2012
Begium: 22% VAT rate 2013 discussions

Croatia: raised VAT from 23% to 25% from 1 March 2012

Curaçao – VAT raised from 5% to 6% January 2012

Cyprus: VAT increased 2% to 17% from March 2012

Cyrpus raises VAT again by 2% to 19% by 2014

Czech Republic: increased the reduced VAT rate from 10% to 14% and has proposed increasing the standard VAT rate from 20% to 21%

Finland: 1% VAT rise to 24% in 2013

France: plans to raise VAT to 20% in 2014

Hungary: raised the standard VAT rate from 25% to 27% from January 2012

Ireland: increased the main VAT rate from 21% to 23% in January 2012

Italy: raise VAT 1% to 22% in 2013

Latvia: to reduce VAT rate from 22% to 21% in July 2012

Luxembourg: cut the VAT levied on ebooks and newspapers from 15% to 3% from January 2012

Maderia (Portugal): increase VAT from 16% to 24% from April 2012.

Netherlands: proposes raising VAT rate 2% to 21%

Norway - cuts VAT on food increased from 14% to 15%

Portugal; raised VAT on restaurants to 23% from the start of 2012

Serbia to raise VAT 2% Oct 2012

Spain: plans to raise VAT 3% to 21%  

International VAT rises in 2012 onwards

Gambia - to introduce VAT in 2013

India - delays 2013 GST regime to replace VAT

Isreal - increases VAT 1% in September 2012

Japan - to double Consumption Tax to 10% by 2014

Lebanon - to increase VAT from 10% to 11% in 2012

Mali - introduces VAT at 5% from 2012

 

 
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