- Adoption by the House of Representatives: The Bill on the Preservation of a Reduced VAT Rate on Culture, Media, and Sport has been successfully adopted by the House of Representatives.
- Continuation of Reduced VAT Rate: The legislation ensures that the reduced VAT rate of 9% for cultural, media, and sports sectors will remain in effect starting January 1, 2026, despite the previous 2025 Tax Plan proposing an increase to 21%.
- Limited Adjustment for Income and Wage Tax: To finance the continuation of the reduced VAT rate, a limited statutory inflation adjustment for income and wage tax will be implemented in 2026.
Source Taxence
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