2017 European VAT Rates

DATABASICS / December 29, 2016

DATABASICS can help you stay on top of individual country’s requirements for reporting and recovery according to your company policy.

With DATABASICS you may have already made changes using the “Effective Date” feature, just to make sure your rates will be up-to-date, below is a list of changes to European rates:

2017 European VAT Rates

Country	Rate Type	Old Rate	New Rate	Effective Date	Notes
Czech	Reduced	- - -	15%	Jan. 1, 2017	Restaurant Services re-categorization
Hunngary	Reduced	- - -	18%	Jan. 1, 2017	Restaurant Services re-categorization
Italy*	Standard	22%	22%	Jan. 1, 2017	- - -
Italy*	Reduced	10%	10%	Jan. 1, 2017	- - -
Romania	Standard	20%	19%	Jan. 1, 2017	- - -

*Please note that Italy’s planned rate increases have quietly been dropped.

Related Article: 10 REAL Questions to Ask When Choosing a Global Solution

Is your Expense Solution set up to support VAT reporting and recovery? Contact us for any questions or additional information at 1 (800) 599-0434 to review any requirements and available solutions.

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