- Consolidation package came into effect on 1 January 2024
- Includes amendment to VAT Act and Real Estate Tax Act
- Two major changes to VAT: consolidation of reduced rates and limitation on deducting VAT on luxury vehicles
- Supplies of books and related services now exempt from VAT with right to deduct VAT
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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