4 ms·
I assume that a rate of 10% VAT is rather low in comparison internationally (e.g. EU is around 20 %). Also for typical business customers it should be identica
by yayr 3y ago
I assume that a rate of 10% VAT is rather low in comparison internationally (e.g. EU is around 20 %).
Also for typical business customers it should be identical to purchase something for a net amount of x or for a net amount of x plus taxes. They can deduct the taxes anyway and the net amount is identical.
That is why usually you can display prices to business customers without VAT.
So as I understand it, it is a change, but not with any real business effects unless one of the parties had incorrect taxes before... Which would mean that this party before was subsidised by other taxpayers.
https://taxfoundation.org/data/all/eu/value-added-tax-2023-vat-rates-europe/#:~:text=The%20EU%27s%20average%20standard%20VAT,way%20of%20raising%20tax%20revenue https://taxfoundation.org/data/all/eu/value-added-tax-2023-v....