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European VAT News

European VAT News – June 2024

By June 26, 2024No Comments


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:

  • 5% to 0% for milk, bread, eggs, and baby food.

  • 19% to 5% for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies.


The Irish government has confirmed that from 1 January 2026, the VAT rate will increase from 9% to the standard rate of 21% for:

  • Accommodation services

  • Cultural services including theatres and events (concerts etc.)


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),; contact: [email protected].