VAT news tagged as "Reduced"

Netherlands

Netherlands told by IMF to implement single VAT rate

December 26th, 2014

The Dutch VAT rates have come in for criticism from the International Monetary Fund (IMF). It has recommended that the Netherlands merge the current standard VAT rate of 21% with the reduce VAT rate of 6%. The suggestion is aimed at reducing the administrative burden on maintaining two rates, but also to eliminating the distortions …


Luxembourg

Luxembourg VAT rise to 17% 2015

February 3rd, 2014

The Luxembourg Ministry of Finance has provided further details to the proposed increase in VAT to compensate for the EU change of place of supply rules on digital products in 2015. Heavy Luxembourg VAT rise on EU digital download change The Luxembourg VAT rise had initially been thought to be 1%, from 15% to 16%.  …