January 2012 – Summary VAT rate changes

January 2012

Summary VAT rate changes

Hungary increased the standard rate to 27%

France increased the reduced rate to 7%

Ireland is up to 23%

Cyprus increased to 17%

Czech Republic now has a lower rate of 14%, a standard rate of 20% and has plans to abolish the lower rate altogether in 2013, or earlier.

Slovakia now has a reverse charge on imports, similar to the art. 23 import VAT deferral in The Netherlands.

E-books
Luxembourg applies a mere 3% VAT on e-books. France has now 7% on e-books, and the UK for example still applies the standard rate of 20% to sales of e-books.

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