Analytics, EU – Baltic States, Financial Services, Taxation
International Internet Magazine. Baltic States news & analytics
Thursday, 05.06.2025, 20:56
Latvia has EU's fifth highest VAT rate
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Latvia's base VAT rate is 22%, reduced VAT rate – 12%.
The highest VAT rate is in Hungary – 27%, followed by Denmark and Sweden – 25%.
The third highest VAT rate is in Romania – 24%. Ireland, Greece, Finland, Poland and Portugal have 23% VAT rates, writes LETA.
Latvia has the fifth highest VAT rate across the EU – 22%, Belgium, Italy and Lithuania have the sixth highest – 21%.
The lowest VAT rate is in Luxembourg – 15%, Cyprus has the second lowest – 17%. Spain and Malta have 18% VAT rates.
The fourth lowest VAT rate is in Germany and the Netherlands – 15%, followed by France – 19.6%, Bulgaria, the Czech Republic, Estonia, Austria, Slovenia, Slovakia and Great Britain – 20%.
There are currently 12 different VAT rates in the EU. All countries, with the exception of Denmark, have reduced VAT rates ranging from 5 to 18%.
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