Parliament Extends 5% VAT Rate on New Apartments Until December 31, 2028

• The preferential VAT rate of 5% for new apartments will continue after January 1, 2026.
• Parliament approved amendments extending this rate until December 31, 2028.
• Previously, the 5% VAT rate was set to end on December 31, 2025.
• The rate applies to the first sale of residential buildings and apartments used for residential purposes within five years of construction.

Source: telegrafi.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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