Accordingly, the legislation includes:
- An exemption for non-profit organizations that are of a political, trade-union, religious, patriotic, philosophical, philanthropic or civic nature
- A provision regarding the treatment of furnished accommodations
- A deduction of VAT under “actual use method”
- Elimination of presumptive VAT scheme
- VAT refund arrangements
- A reduced VAT rate for hair implants
- Measures concerning work on immovable property
- Place-of-supply rules for remote (distance) sales of imported goods
Source: KPMG
