European Commission Seeks Permanent Minimum VAT Rate

The European Commission has proposed a Council Directive that would make permanent a minimum standard VAT rate of 15% for all Member States. The 15% minimum rate currently exists as a "transitional" measure, though it has been extended six times since its enactment in 1992. 

If approved, the permanent 15% minimum rate of VAT would take effect on January 1, 2018. 

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Charles Riordan

Charles Riordan is a member of the Tax Research team at Sovos Compliance specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.
Share This Post