- Parliament adopted the 2026 budget in December 2025.
- A reduced 12% VAT rate on certain essential food products will apply for one year starting July 2026.
- Certain excise duties were increased.
- The 5% VAT rate for books and periodicals in specified languages was maintained.
- Books and periodicals in third-country languages will be taxed at the standard 21% VAT rate.
Source: kpmg.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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