- On February 5, 2026, the Minister of Finance reclassified certain intermediate and consumer goods as essential goods.
- The measure is effective immediately and lasts until December 31, 2026.
- Reduced customs duty of 5% and either VAT exemption or a reduced 5% VAT rate apply to specified food and basic goods.
- Export and re-export of these goods are prohibited during the relief period.
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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