VAT Calculator

The government announced on 21 July 2026 that VAT on household electricity bills is removed from 1 October 2026. The zero rate will remain in effect until 31 March 2027, i.e. until the end of the 2026–27 financial year, after which an extension will be considered. GOV.UK

The temporary 0% rate on the installation of energy-saving materials in homes ends. The rate is back to the reduced rate of 5%. HM Revenue and Customs

VAT on electricity, natural gas and new apartments rises back from 9% to 13.5%. KPMG

Under current legislation, the temporary 9% VAT treatment for tourism, hotel and thermal activities, classified tourist restaurants, travel services and tourist vehicle rental expires after 31 December 2027. Deloitte Société d’Avocats

Under current legislation, the temporary 6% rate for qualifying heat pumps supplied with installation in dwellings less than 10 years old ends, returning to 21%. The separate renovation relief for older dwellings is unaffected by this expiry. Belgisch Staatsblad / Moniteur belge

PIS and COFINS are abolished and CBS comes into effect. IPI is reduced to zero in many cases, and the selective tax (Imposto Seletivo) is introduced. The Senate will set the CBS rate in December 2026; estimates range from 8.8% to 9.43%. Planalto (Complementary Law 214/2025)

The transition begins. ICMS and ISS rates fall to nine tenths of their original rates and decrease further each year, while IBS rises correspondingly. ICMS 18% becomes 16.2%. Planalto (Complementary Law 214/2025)

ICMS and ISS are abolished. Only CBS and IBS (both 'por fora') and the selective tax (Imposto Seletivo) remain. Planalto (Complementary Law 214/2025)

The reduced 5% rate on natural gas, district heating, firewood, pellets, briquettes and wood chips is due to end. However, the reduction has been extended every year since 2022, most recently to 31 March 2027. Ministarstvo financija

The reduced VAT rate on electricity, 5% for all residential consumers, ends. KPMG

VAT on non-alcoholic drinks served for consumption on the premises falls from 21% to 12%. The reduction does not apply to takeaway drinks. Ministry of Finance

Under current legislation, the three-year transitional VAT regime allowing registered inbound tour operators to account for VAT on their net fee or commission expires. Ministry of Finance – VAT Proclamation No. 1341/2024, transitional provisions

The turnover threshold for the small business VAT exemption rises to HUF 22 million. NAV (in Hungarian)

The turnover threshold for the small business VAT exemption rises to HUF 24 million. NAV (in Hungarian)

The new Consolidated VAT Act (Legislative Decree 10/2026) becomes applicable. It replaces Presidential Decree 633/1972 and Decree-Law 331/1993. The rates remain unchanged. FiscoOggi (Italian Revenue Agency)

GCT on tourism rises from 10% to 15%. Short-term accommodation is brought into the scope of GCT. Ministry of Finance

The reduced rate on medicines, medical devices and paid medical services rises from 5% to 10%. Adilet – Tax Code 214-VIII

Reduced rate of 8% on gasoline, kerosene and diesel ends. FINTUA

The temporary 12% rate on bread, milk, poultry and eggs ends. They return to the 21% rate. Latvian Ministry of Economics

Liberia replaces GST with VAT. The Liberia Revenue Authority states the rate will be 15%, budget documents have indicated 18%. Registration opened in July 2026. Liberia Revenue Authority

The turnover threshold for businesses required to apply the extended VAT withholding rules on specified service payments falls from MAD 500 million to MAD 350 million. Moroccan Ministry of Economy and Finance – Finance Act 2026

The turnover threshold for businesses required to apply the extended VAT withholding rules on specified service payments falls from MAD 350 million to MAD 200 million. Moroccan Ministry of Economy and Finance – Finance Act 2026

Under current legislation, the transitional sales tax rate for qualifying industrial activity in the former FATA/PATA areas rises from 12% to 14%. The temporary 1% treatment for certain qualifying electric vehicles is also scheduled to expire after 30 June 2027. Federal Board of Revenue – Sales Tax Act 1990

Under current legislation, the transitional sales tax rate for qualifying industrial activity in the former FATA/PATA areas rises from 14% to 16%. Federal Board of Revenue – Sales Tax Act 1990

The reduced tax rate for small businesses operating in the restaurant, hotel and tourist accommodation sectors rises from 10.5% to 15%. SUNAT

The reduced tax rate for small businesses operating in the restaurant, hotel and tourist accommodation sectors ends. VAT rate for them returns to the standard 18%. SUNAT

The temporary zero IGIC rate on petroleum and refined petroleum products, including products blended with biofuels, gas, biomass briquettes and pellets, and firewood is no longer in force. Boletín Oficial de Canarias, Decreto ley 4/2026

The temporary VAT reduction on foodstuffs ends and the rate returns from 6% to 12%. Skatteverket

Swiss voters will decide whether to increase the standard VAT rate from 8.1% to 8.5% and the special accommodation rate from 3.8% to 4% to help finance the 13th AHV pension. The reduced rate would remain at 2.6%. If approved, the increase is not expected to take effect before 2028. Swiss Federal Social Insurance Office

The standard VAT decreases to 13% from 14%. Asia-Plus (Tax Code art. 264)

Under current legislation, the temporary VAT exemption for locally manufactured garments made from locally grown cotton expires after 30 June 2027. Clyde & Co – Finance Act 2026

Under current legislation, the temporary zero rating of locally manufactured fertiliser expires after 30 June 2028. EY – Tanzanian Finance Act 2025

The exceptional transition period for non-resident suppliers of electronic services ends. Non-resident businesses covered by the scheme that had not previously begun collecting VAT are expected to collect and remit 18% VAT on qualifying supplies to non-VAT-registered customers in Zanzibar from this date. Zanzibar Revenue Authority

The reduced standard rate of 7% is extended for another year. The Nation Thailand

The standard VAT rate returns from 7% to 10% unless the increase is again postponed. The Revenue Department

The temporary 7% VAT treatment for specified electric-vehicle charging equipment expires. Tunisian Ministry of Finance – Finance Act 2026, Art. 47

The VAT reduction for electronic payments falls from 9 to 5 percentage points. For services paid by card, such as restaurant and catering bills, the effective rate rises from 13% to 17%. The reduction does not appear on the receipt; it is credited later by the card issuer. DGI

The simplified 6% VAT regime for small businesses operating in the food service, retail and services sectors ends. RÖDL

The standard rate rises back to 10% from 8%. The reduction has been renewed repeatedly since 2022. Nghị quyết 204/2025/QH15