Signing an additional agreement on the low-price food product basket
Latvia's Economy Minister Viktor Valainis announced plans to expand the low-price food product basket with an additional agreement to be signed in early October.
5% VAT on Electricity? Poland Skeptical of European Commission Proposal
Poland expresses skepticism regarding the European Commission's proposals to lower electricity costs through tax reductions and budget adjustments.
Spanish artists and gallery owners demand a reduction in cultural VAT with a "sit-in" in various museums
Spanish artists and gallery owners staged a sit-in at various museums to demand a reduction in cultural VAT after perceived governmental inaction on the issue.
VAT is reduced to 8% for tourism activities during Carnival holidays
Ecuador's President Daniel Noboa has announced a temporary reduction of the Value Added Tax (VAT) from 15% to 8% for tourism services during the upcoming Carnival holiday period.
Lowered VAT: "Food should remain affordable"
With the recent VAT reduction for restaurants in Germany, some owners are still keeping their prices unchanged while others pass on savings to customers.
Greedy restaurateurs? The truth about the big VAT reduction
Despite a significant VAT reduction in the restaurant sector, data indicates that the industry is not sharing the increased profit margin with customers.
Art Galleries Across Spain Close Until Saturday to Demand a Reduction in VAT on Artwork Sales
Art galleries throughout Spain have closed until Saturday to demand a reduction in the VAT on the sale of artworks, protesting the current rate of 21% despite a EU directive suggesting a lower rate.
Spanish gallery owners will go on strike to demand a European VAT
Spanish contemporary art galleries will close from February 2 to 7 to demand a reduction of the 21% VAT that disadvantages them compared to their European counterparts.
Why are restaurants in Germany unlikely to become cheaper despite the VAT reduction?
German restaurateurs have high hopes for a VAT reduction, yet customers likely won't see a significant drop in prices after the tax decreases from 19% to 7%.
30% VAT Reduction: Cheaper Prices in Border Islands from New Year
A 30% VAT reduction will apply to 24 Aegean islands starting from New Year, leading to lower costs for households on various products and services.
AADE: Reduced VAT by 30% from New Year's Day in the Northern Aegean, Samothrace, and Dodecanese for islands with a population of up to 20,000 residents
The Greek tax authority AADE announced a 30% reduction in VAT starting January 1, 2026, for goods and services on certain islands with populations not exceeding 20,000.