- New provision introduced by art. 5, paragraph 4 of DL 113/2024
- Changes made in L. 143/2024 regarding reduced VAT rate of 5%
- Addition of new point 1-octies in list of goods and services subject to 5% rate
- Focus on sales of live horses for non-food purposes within eighteen months of birth
- Benefits the horse breeding sector, particularly racehorse breeding
- Implementation of EU directive 2022/542/UE for reduced VAT rates on live horses and related services
- Concerns raised by experts in the horse industry about the measure
- Three conditions for applying the reduced rate: sales of live horses, for non-food purposes, within a specific timeframe
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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