10% VAT for road construction in urban areas: benefits and conditions for reduced rate

• Urbanization works are eligible for a reduced VAT rate of 10%
• Primary urbanization works include roads, parking lots, sewers, energy and gas distribution networks, lighting, etc.
• Secondary urbanization works include services such as schools, markets, sports facilities, cultural and health facilities, etc.
• The reduced VAT rate applies to the purchase of goods and services related to the construction and subsequent transfer of urbanization works
• Works must be newly constructed and located within or in function of urbanized or to be urbanized areas
• The reduced VAT rate also applies to restoration, conservation, and restructuring works on urbanization projects

Source: eutekne.info

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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