On 13 September 2023, the Council of Ministers decided to extend the temporary application of the zero VAT rate on certain essential goods, which were previously subject to the standard VAT rate of 19% or the reduced VAT rate of 5%. The extension will also cover coffee and sugar, which were previously subject to the reduced VAT rate of 5%.
- Effective from 5 May 2023 to 30 April 2024
- Effective from 1 November 2023 to 30 April 2024
- Special rules regarding the VAT rate change
- Stock inventory
Source: KPMG
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