Tax Authority Clarifies VAT Calculation on Oil, Gas, and Government Contracts

The Tax Authority clarified how VAT should be calculated for oil and gas sector and government unit invoices/contracts.
A 1.2% deduction for training and employment support must be applied separately.
VAT is calculated on the full invoice amount before this 1.2% deduction.
The 1.2% contribution is treated as an independent deduction, not a discount on the supply value.

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.