Two rates are due to be introduced in 2024:
- Standard rate: 21%
- Reduced rate: 12%
In detail, the 12% rate will result from the merger of the two reduced rates (10% and 15%) and will mainly concern:
- foodstuffs;
- magazines;
- buildings for residential housing;
- and pharmaceutical products.
At the same time, certain items currently taxed at 10% or 15% will be reclassified as supplies subject to the standard rate (21%). These include
- hairdressing and barbering services;
- draught beer;
- author and art services;
- the collection, transport and storage of municipal waste;
- repairs to shoes, leather goods and bicycles;
- cleaning services;
- firewood and newspapers.
Source Asd-int
