Money & WorkFact

No EU country may drop below 15 percent VAT.

The VAT Directive 2006/112 lets each member state pick its own rate but installs a floor: the standard rate must be at least 15 percent. Reduced rates are allowed only for goods and services on a fixed list in the annex.

Useful: That is why the same product costs different amounts across the EU – the rate is national room to manoeuvre.

Source: eur-lex.europa.eu

Eu Preise Steuern

Difficulty:

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