10.24.22

Covid-related VAT reductions

2020 and 2021 saw a proliferation in the tax rates countries deployed as a direct response to the unfolding covid pandemic. 

2022 has seen countries attempt to steady their tax rates, but as part of the transition to a post-covid era, countries are still factoring in the pandemic as part of their wider fiscal agendas. 

Belgium is one such country which envisages the effects of covid extending into the winter of 2022, as it announced that goods imported to combat covid-19 will be exempt from VAT until 31 December 2022.