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France lowers the VAT on restaurants

France has decided to lower the VAT on restaurant meals from 19.6% (the standard VAT) to 5.5% in an effort to stimulate the sector that is suffering from the difficult economic times (and since many years from the French 35 hour working week). The new VAT should take effect already on July 1. The VAT […]

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Restaurant VAT down

France will lower the VAT on restaurants to 5.5%. Currently restaurant bills are subject to “normal” VAT at 19.6%. The change will happen in January 2010, or possibly already in July this year. The intention is to dampen the downward trend that restaurants have seen in recent months. Restaurant visits have gone down with between […]

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