Value added tax 10min
Value added tax rates:
24%
- Most services and products
14%
- Groceries
- Food
- Restaurant and catering services
Note that the reduced VAT rate of 14% is not applicable to alcohol and tobacco products
10%
- Books
- Newspapers and periodicals
- Pharmaceutical products
- Physical exercise services
- Film screenings
- Entrance fees to cultural and entertainment events
- Passenger transports
- Accommodation services
- Royalties for television and public radio activities
0%
- The sale, rental and chartering of VAT-exempt vessels and work performed on such vessels
- Tax-exempt sales of member's magazines and advertisements to non-profit corporations
- Tax-exempt sales relating to warehousing procedures
- Exports outside the EU
- Sales of goods within the EU to VAT-liable buyers
- Other tax-exempt sales of goods and services relating to international trade, such as tax-exempt sales to diplomats and international organisations
If your company's turnover for the accounting period of 12 months is less than 10 000 euros, you are not under the obligation to register for VAT or if you are registered, you will be reimbursed for all of the VAT you have paid. If your turnover is less than 30 000 euros for the accounting period of 12 months you are entitled for VAT relief and will get reimbursed for part of the VAT you have paid.
Note: a Private trader using our FREE! Entrepreneur service doesn't have to worry about any of that since we'll take care of it for you!