- The zero VAT rate on certain essential items (e.g., baby milk, sanitary products, specified fruits and vegetables) is extended until 31 December 2026.
- The VAT rate for construction and renovation of buildings used by public and private educational institutions is reduced from 19% to 5%.
- The reduced VAT rate applies to buildings used for VAT-exempt educational activities and related services, including training, clinical practice, and courses by visiting professors, as recognized by the Tax Commissioner.
Source: taxathand.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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