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Extension of Reduced VAT Rate on Basic Food Extended Till September 30, 2024

  • 0% VAT Rate on basic food extended till 30th September 2024
  • VAT rate on basic food will increase to 2% on 1st October 2024 and 4% on 1st January 2025
  • VAT rate on Olive oil reduced to 0% until 1st January 2025
  • VAT rate for pasta will remain 5% till 30th September 2024 and increase to 7.5% on 1st October 2024
  • Reduction of VAT on basic food products introduced on 1st January 2023 as part of Anti Inflation package

Source: meridianglobalservices.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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