Friday, May 22, 2015

EU VAT Directive allows Member States to introduce a reduced VAT rate to foodstuffs other than alc

Latvian - one of the highest VAT rates in the EU food :: db.lv
USD: 1.1133 All news Property Real Estate Buve Finance Bank Insurance Macroeconomics Purchases Investors Taxes Manufacturing Transport & Logistics Food Energy Agriculture Forestry Technologies Internet Device Software Opinions Experts DB view World Photo & Video Photo Story Photo Video E-NEWSLETTER Today newspaper db Projects Top 500 db Reputation TOPS Club Business Tiger Business escalator DB Car of the Year Mark genes Latvian Latvian export capacity
22 of the 28 EU Member States, especially in wealthier, food apply lower VAT, including recently acceded Croatia and Greece crisis severely injured, and only five countries, including Latvia does not do
This is evidenced by ZAB Varul study. Latvian VAT rate for food products is one of the highest in the EU. After the VAT rates the size of Latvia mobile coffee van lags behind only from Denmark. Developed countries (Germany mobile coffee van -7% rate, Luxembourg and the United Kingdom and 3% - 0%) applied to a much lower than the reduced rate of VAT in Latvia, despite the fact that they could afford to introduce a higher reduced rate of VAT, because the population standard mobile coffee van of living is higher and they would be able to bring a little more of the tax burden, but the EU Member States not in a hurry, these rates increase, although in recent years must be regarded as a period of economic crisis and countries sought to increase budget revenues. mobile coffee van
EU VAT Directive allows Member States to introduce a reduced VAT rate to foodstuffs other than alcoholic beverages, so this issue is the national national governments," says ZAB Varul partner Janis Tax. He notes that this is widely used in most EU Member States, including the wealthy countries like the United Kingdom, Luxembourg and Germany, as well as victims of the crisis in Greece, Spain, mobile coffee van Italy, Portugal, and only last year joined Croatia. Yes, there are countries where the reduced rate of VAT applied mobile coffee van before these countries joined the EU, and is stored at present, ignoring the minimum VAT reduced rates provided in the EU," explains J. Tax. As an example mobile coffee van he mentions Germany with reduced VAT.
Reduced VAT, there is also the new EU Member States, but not so small as Germany, Luxembourg or the United Kingdom. "If the country's leadership wants, it is also made, and the best example is Croatia, which joined the EU last year, and bread and milk in the VAT rate is only 5%, but the rate is 13% water, refined sugar," the freshest example of EU min J. frontispiece. mobile coffee van He points out that the other new EU Member States have maintained a reduced mobile coffee van VAT for food. For example, the Czech Republic both before VAT was 5% and 9%, now it is 14%, but lower than the standard rate. J. Tax also points to the example of Poland. Namely Poland, the reduced VAT rate was introduced from 2011 to damp food prices at a time when the country is increased VAT standard rate to 23% (it was 22%). Even more so - Poland foods are actually three different rates: 5% - unprocessed food, 8% rate - products that are ready for immediate consumption, prepared lunches (including sandwiches / hot dogs, etc.), Products served in restaurants and also 23% rate, such as sweetened soft drinks. "Although it seems complicated, but the Polish tax authorities with all this reduced VAT rate application and administration mobile coffee van of successful deal," said J. Tax.
A different picture emerges in the Baltics - Latvian, Lithuania and Estonia - as well as in the EU after Bulgaria captured the reduced VAT rate for food apply. The reduced VAT rate for food is not well in Denmark. "Such a strange scene - the poorer the country, with the exception of Denmark, the higher VAT to food," concludes mobile coffee van Mr. Tax. He points out that the uninformed might develop mobile coffee van a picture of the opposite picture. "The Baltic countries are the wealthiest with higher incomes and therefore need a higher rate of VAT to food, otherwise living here thick brand izlaidīsies, while Germany, Luxembourg and even more so in the UK population living in" the brink of starvation ", or in full" starving ", barely able to make income with expenses together, because mobile coffee van there is so little VAT rate for food, "smirked J. Tax. Average salary (per month) mobile coffee van level and makes it look otherwise, because Luxembourg is slightly more than 3200 euros in the UK - nearly mobile coffee van 2,500 in Sweden - almost mobile coffee van 2,300 euros, while Latvian - only 504 euros.
VAT reduction would increase the competitiveness of the DB surveyed entrepreneurs. As the SIA Marupes greenhouse Chairman John Smith, the VAT rate reduction of food was needed long ago. "A large part E

No comments:

Post a Comment