- The elimination of the special credit for output VAT (65%) on the sale of qualifying residential housing by construction companies against advance payments of business tax for construction contracts concluded from 1 January 2025, with an initial reduction in the credit rate to 32.5% for construction contracts concluded from 1 January 2023, with a corresponding reduction and elimination of the credit for exempt sales;
- Amendments to provide that all services are subject to VAT from 1 January 2023, unless an exemption is expressly provided such as for education services, passenger transport services, and health services, which includes the removal of references to a current list of services that are subject to VAT;
Source Orbitax
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