Three VAT rates would apply as from 2024: 0%, 12%, and 21%. A zero VAT rate would apply to books (including e-books). Contrary to initial expectations, a 12% VAT rate is proposed on the supply of magazines and newspapers (including their electronic forms). Several items that currently are subject to one of the existing reduced VAT rates (10% or 15%) would be subject to the 12% rate, such as gluten-free food. Various items will be reclassified to the standard 21% VAT rate. Occasional public passenger transport by bus would be subject to the reduced 12% VAT rate, rather than the standard 21% rate.
Source: taxathand.com
