VATupdate

Cut on hospitality VAT rates to 5% approved

VAT rate reduction to 9% for:

  • beer and wine provided as part of restaurant/catering services;
  • the use of certain sports facilities; and
  • tour operators’ services, including the organization of excursions by tour operators and travel agents with occasional transportation

The VAT rare reduction will be applicable between August 1 and December 31, 2020

Source:

* click here if you have interesting news to share *