Summary of major VAT changes for 2024.

by CustomsInfo | Dec 27, 2023 | CI Industry Updates

Singapore standard VAT increase from 8 to 9%

Switzerland VAT rate increase

Sri Lanka VAT increase 15 to 18% and here

Estonia VAT increase from 20 to 22%

Luxembourg VAT 1% increase (1% cut in 2023 ends)

Finland Reduced vat items update

Czech Republic creation of a new reduced vat rate (new 12% reduced VAT replaces reduced vat rates of 10% and 15%)

Latvia increases VAT rate for some items (5% to 12%) and here

Antigua increasing the ABST rate from 15% to 17%

Best Regards,

The Content Team