- A new regulation regarding the application of VAT rates in food and beverage services has been published
- No increase in VAT rates has been made with the regulation
- VAT rates for food and beverage services are 1% for certain items, 10% for meal services, and 20% for other taxable transactions
- The regulation clarifies the application of VAT rates for food and beverage services in specific establishments
- VAT should be calculated at a rate of 10% for food and beverage sales in establishments listed under a specific category
- The regulation also applies a 10% VAT rate for food sales made by establishments providing food and beverage services
- Additional paragraphs have been added to the regulation to clarify the application of VAT rates in food and beverage services establishments.
Source: verginet.net
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.
