Cyprus
The Cypriot government has further extended the temporary reduction on the 5% and 19% VAT rates applied to certain essential goods until 30 June 2024.
The VAT rates have been reduced from:
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5% to 0% for milk, bread, eggs, and baby food.
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19% to 5% for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies.
Ireland
The Irish government has confirmed that from 1 January 2026, the VAT rate will increase from 9% to the standard rate of 21% for:
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Accommodation services
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Cultural services including theatres and events (concerts etc.)
Lithuania
Lithuania is currently considering whether to increase its standard VAT rate by 1% from 21% to 22%.
This is being proposed to help meet additional military spending brought about by the invasion of Ukraine by Russia.
The above news was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].
