28/06/2010 (Agence Europe) -The European Commission has adopted a draft directive extending, until 31 December 2015, the standard minimum level of value-added tax (VAT) in the European Union, which is 15%. Since new member states joined the EU in 2004 and in light of the economic crisis, standard VAT has ranged between 15% and 25% in the EU. Cyprus and Luxembourg both levy the lowest rate of VAT allowed in the EU, 15%. VAT in Denmark, Hungary and Sweden stands at 25% (there is no upper limit...