In Hungary, the standard VAT rate increased from 25% to 27%, bringing it to the highest in Europe and above the informal EU maximum of 25%.
While Ireland has remained steadfast in its refusal to raise its 12.5% corporate tax rate to raise much needed revenue, it has hiked VAT from 21% to 23%.
In the Czech Republic, the reduced rate increased from 10% to 14%, while in France, there is a new reduced rate of 7% covering most of what was covered by the 5.5% rate (still existing but with reduced scope) was introduced.
In Finland, subscriptions to newspapers and periodicals are now subject to a reduced VAT rate of 9% if the subscription lasts for at least one month. Subscriptions were previously zero-rated.
Luxembourg has now included electronic books in its super-reduced 3% VAT.
In Portugal, certain goods and services are no longer subject to the...
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