Estonia
Estonia will increase the VAT rate on the following supplies from 1 January 2025:
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Accommodation services from 9% to the 13% reduced VAT rate.
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Newspapers both digital and in print from 5% to the 9% reduced VAT rate.
Finland
A reminder that the Finnish standard VAT rate will increase from 24% to 25.5% on 1 September 2024. This increase will make the Finnish standard VAT rate the second highest in the EU with only Hungary’s VAT rate being higher, at 27%. There will be no change to the 14% and 10% reduced VAT rates.
Ukraine
Ukraine is proposing a reduction to the VAT exemption on the import of low value goods into the country from €150 (approx. £127) to €45 (Approx. £38).
It accepted this will mean all imports above the value of €45 will be subject to VAT at 15%.
The import VAT exemption allows imported goods of a low value to be imported free of VAT.
The above news was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].
