Public consultation on simplifying the VAT regime for specified food products

• Foods intended for human consumption and goods utilized in their production would be subject to a 5.5% VAT rate;
• Lower the VAT rate to 5.5% across the whole food supply chain for certain products;
• Impose a 10% VAT on animal food and products used in their manufacturing, as well as certain products used in the production of agriculture.  
• Provide a conditional refund of the overpayment by charging the VAT return submitted by December 31, 2024, subject to the issuance of a corrective invoice to the customer to replace and cancel the prior invoice. 
• Permit parties to mutually agree to waive the correction invoice procedure up until September 15th.

Source: GVC

---

---