- The Council of Ministers amended Schedules 5 and 8 of the VAT Law (95(I)/2000).
- Schedule 8 now revises when the transfer of buildings or parts thereof is subject to VAT.
- Schedule 5 introduces harmonized definitions affecting the reduced VAT rate for residential property.
- The changes impact the supply and construction of dwellings.
- Both amendments take effect on September 1, 2026.
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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