- Guidelines on the application of 0% VAT rate on devices and aids for individuals with disabilities
- Exemption introduced to reduce VAT burden for non-profit organizations providing essential devices for free
- Zero rate of VAT applies to supplies to recognized non-profit organizations for devices and aids
- Exemption does not apply to supplies made by non-profit organizations
- Consideration received for goods provided in exchange for donation or contribution subject to standard VAT rate
- Exemption does not apply if goods are used for resale or economic activity
- Non-profit organizations must meet specific conditions to be recognized for the exemption
Source:
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
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.
