International VAT Rate Round Up

International VAT Rate Round Up: June 2024

The June edition of our International VAT Rate Round Up highlights the latest updates from Finland, Lithuania, Slovakia and Vietnam.


On May 30, 2024, the Finnish government introduced a bill to parliament proposing an increase in the standard VAT rate from 24% to 25.5%. This adjustment is set to take effect on September 1, 2024.


Lithuania is also undergoing changes to its VAT regulations. On April 19, 2024, a bill (Reg. Nr. XIVP-3658) was submitted to the Seimas, proposing amendments to the VAT Law, specifically Article 19, Paragraph 3, Clause 6. The proposed changes focus on reducing the VAT rate for catering services and takeaway meals provided by restaurants, cafes, and similar establishments to 9%. If approved, this reduced rate will come into force on July 1, 2024, and will remain effective until the end of 2027.


In Slovakia, a draft act was submitted on April 17, 2024, to the National Council, proposing a temporary reduction of the VAT rate on fuels. The bill seeks to introduce an 8% VAT on gasoline and diesel, a notable decrease from the standard rate. This temporary measure is planned to be in effect from July 1, 2024, to December 31, 2025.


Vietnam is considering an extension of its current 8% VAT rate until the end of 2024. The government is actively summarizing and evaluating the impact of this reduction and plans to report the findings to the National Assembly. This step is crucial for the timely consideration and potential implementation in the latter half of 2024.

Stay Up to Date

Each month we feature the latest news trends and topics covered by the Taxback International experts. For monthly news and regulatory updates subscribe to our VAT Newsletter.

International VAT Rate Round Up: May 2024

If you missed out on our May VAT rate announcements of VAT threshold changes, you can catch up now.

Taxback International

Taxback International’s innovative tax technology and experienced tax professionals to provide VAT Compliance and VAT Reclaim services to global businesses. Find out more about our range of technologies:

Comply – End-to-end VAT Compliance Platform

VAT Connect – VAT Reclaim Platform

TBI Pay – Global Payments Solution

ROI Calc Calculate your ROI