VAT Measures
- A zero VAT rate will be introduced for the following supplies with effect from 1 January 2023:
- newspapers and news periodicals, including digital editions;
- automatic external defibrillators and period products;
- all non-oral hormone replacement therapy; and
- all non-oral nicotine replacement therapy;
- The Flat-rate compensation percentage for unregistered farmers will be reduced from 5.5% to 5.0% from 1 January 2023 (compensation is for VAT incurred on farming inputs); and
- The 9% VAT rate for gas and electricity, due to expire on 31 October 2022, will be extended to 28 February 2023.
Source Orbitax
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