Serbia – increase of the VAT rate as per 1 of October 2012


The VAT rate will be increased from 18% to 20%. Final confirmation is pending.

Spain – Increase of VAT rate as of 1 September 2012


The Spanish Prime Minister announced a rise as of 1 September 2012 of the standard VAT rate from 18% to 21% and of the reduced rate from 8% to 10%. The super-reduced rate remains at 4%.