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

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 to 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. Parlament České republiky

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

VAT for some foods rises back to standard 21% from reduced 12%. ptac.gov.lv

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 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 VAT rate on foodstuffs returns to 12%. Skatteverket

The standard VAT rate will increase from 8.1% to 8.5% and the special rate for accommodation services from 3.8% to 4% to help fund the 13th AHV pension. The reduced rate for everyday goods will remain at 2.6%. A referendum on the matter will be held on 29 November 2026. Swiss Federal Social Insurance Office

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

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 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