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it isn't, the minimum rate is 15% EU wide. there's a lot of rates which were grandfathered in when countries joined the EU, but lowering the VAT on any new pro
by blibble 10y ago
it isn't, the minimum rate is 15% EU wide.
there's a lot of rates which were grandfathered in when countries joined the EU, but lowering the VAT on any new products requires unanimous approval in the council.
all details are here: http://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/vat-rates_en http://ec.europa.eu/taxation_customs/business/vat/eu-vat-rul...
additionally, the commission wants to phase out reduced rates (see my other comment)