VAT rates have changed again for 2015 in some of the 150 VAT countries…
LUXUMBOURG: This nation is one of the 28 member countries of the European community. For 2015, their standard Value Added Tax rate will increase from 15% to 17%.
ICELAND: Iceland will reduce their standard VAT rate from 25.5% to 24% this year.
ITALY: This Mediterranean country will be increasing their standard VAT rates incrementally over the next few years with the goal of 25.5% in 2018. Coming into effect soon there will be increases…
- from 22% to 24% in 2016
- from 24% to 25% in 2017
- from 25% to 25.5% in 2018