European Commission Seeks Permanent Minimum VAT Rate

January 2, 2018 Charles Riordan

The European Commission has proposed a Council Directive that would make permanent a minimum standard VAT rate of 15% for all Member States. The 15% minimum rate currently exists as a "transitional" measure, though it has been extended six times since its enactment in 1992. 

If approved, the permanent 15% minimum rate of VAT would take effect on January 1, 2018. 

About the Author

Charles Riordan is a member of the Tax Research team at Sovos Compliance specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.

More Content by Charles Riordan
Previous Article
Italy Appears Set to Delay VAT Increases Until 2019

Italy's 2018 budget bill will override the previous reduced VAT rate increase of 10% to 11.14%, and will de...

Next Article
New Query Functionalities for the SII

The AEAT has announced that new functionality has been added to the SII, which will enable users to review ...

×

Regulatory Analysis News - Delivered Weekly

Company
Thank you for subscribing!
Error - something went wrong!