VAT news tagged as "Average VAT rate"

Belgium

Belgium told to raise VAT by IMF

March 25th, 2015

The International Monetary Fund (IMF) has recommended that Belgium consider rises in its VAT rates to help fund labor tax cuts to improve global competitiveness. Belgium has already scheduled a cut in the social security levies from 33% to 25% through cuts elsewhere. But the IMF has suggested that a rise in the reduced VAT …


Europe

EU promotes VAT rate increases

November 20th, 2012

The EC’s Taxation Commissioner, Aldirdas Semeta, has today called for the 27 member states of the European Union to continue to raise EU VAT rates across the region to respond to globalization. It coincides with the UK’s Institute’s warning last week that the UK may have to raise VAT from 20% to 25%. In the …