Introduction of Luxury Goods Tax and Implementation of Tourist Refund Scheme

• Luxury Goods Tax will be introduced at rates between 5% and 10%
• The tax will apply to high value goods like jewelry and watches
• The tax will be based on value thresholds
• A tourist refund scheme will be implemented for this tax

Source: www2.deloitte.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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