VATupdate

Temporary VAT reduction from February 1

The reduction of VAT rates applies to the following categories of goods:

  • basic food and beverages currently subject to the 5% VAT rate – they will be taxed at 0% VAT;
  • goods used to drive internal combustion engines (diesel oil, biocomponents constituting self-contained fuels, motor gasoline, natural gas (wet), liquefied LPG) – currently subject to the 23% VAT rate – will be taxed at the 8% VAT rate;

Source: krgroup.eu

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