- The transport of valuables will be subject to VAT at 19% (currently excluded from VAT with no right to deduct related input VAT).
- New taxes will be introduced on single-use plastics, sugary drinks, and ultra-processed foods.
- The following items will be excluded from VAT: (i) the sale of tickets to movies, sporting, and cultural events, including musical and family recreation events and public shows of the performing arts; (ii) the commercialization of products that are developed, prepared, manufactured, and produced inside jails; (iii) the provision of vehicular access rights to wholesale supply centers destined for commercial agricultural and fishing activities; (iii) the supply of live animals, except for domestic pets; and (iv) slaughtering services. The VAT liability of several goods also will be changed from exempt to excluded.
- The annual three-day VAT-free period during which no VAT is payable on certain goods that otherwise would be subject to VAT will be abolished.
Source Deloitte
