5% VAT Rate for Newly Built Flats Extended Until End of 2028, Says MoF

• The preferential 5% VAT rate for newly built flats will be extended until the end of 2028.
• This rate applies to the first sale of residential buildings and flats used for residential purposes within 5 years of construction.
• The previous deadline for this VAT rate was 31st December 2025, now extended to 31st December 2028.
• The extension is based on recent amendments to the Law on Value Added Tax.

Source: finance.gov.mk

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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