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Standard VAT rate increases from 20% to 22%

Until 31 December 2025, a VAT payer may continue applying the 20% VAT rate on turnover from contracts concluded before 1 May 2023, provided that the contract stipulates the use of the 20% VAT rate and does not allow for the possibility of revising this rate when the tax rate changes.

Source: globaltaxnews.ey.com



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