- Bill Approval and Amendments: The parliament has approved a bill amending both the Law on State Support for Rental Housing and the VAT Law, specifically targeting rental housing under state social policy.
- VAT Law Extension: The bill extends the 5% reduced VAT rate to non-residential premises used for housing or accommodation, provided they meet state-supported rental housing criteria.
- Implementation Timeline: The VAT changes will become effective upon the bill’s publication in the Collection of Laws, pending the President’s signature.
Source
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