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Circular No. 3/2022 to address tax measures from the 2022 Budget

Among the tax measures are: 

  • Reduced VAT rate of 10% for feminine hygiene goods, beginning January 1. 
  • Suspension of payment duties for sports associations and federations for VAT, income taxes, and withholding taxes, from January 1 to April 30. 
  • Extension of the stamp duty exemption on digitally issued certificates, which will be in force until the end of 2022. 
  • Extension of tax incentives for eligible first-time homebuyers, which will be in effect from June 30 to December 31. 
  • Extension of the 5% reduced VAT rate for specified methane gas suppliers 

Source GlobalVATcompliance

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