Definitive measures
- Abolition of December advance for VAT
- Harmonization of VAT refunds: lowering minimum thresholds
Temporary measures
- Lower late payment interest for VAT (and customs and excise duties)
- Reduced VAT rate of 6% for the catering industry (extended till Sept 30, 2021)
- Reduced VAT rate of 6% for the demolition and reconstruction of homes (till end of 2022)
- Reduced rate for COVID-related goods and services
- a temporary reduced rate of 0% on vaccines and test
- application of the reduced VAT rate of 6% on the sale of mouth masks and handles has been extended until June 30, 2021
Source Grant Thornton
