VAT rising to 23% next July
The government just managed to get the budget negotiations through. A blast from the past will be the re-introduction of the “candy tax” on sweets and soda. Some fractionally good news is that as of this October the VAT on food is dropping from 17% to 12%. In 2010 however all the VAT will take a 1% hike, so the general VAT is rising to 23%… Could have “gone Nordic” like Sweden where the VAT is 25%. Also in June 2010 the restaurant food VAT will be dropping to 13% being then equal to the percent-added food VAT.

@ 9:33 pm 


