- The Ministry of Finance introduces a 0% VAT rate for donations of goods and services to those affected by the September 2024 floods.
- The regulation allows for a reduced 0% VAT rate for donations made from September 12 onwards.
- The 0% rate applies to donations of all kinds of goods or services necessary to support the affected individuals.
- The preference applies to support provided through public benefit organizations, local government units, medical entities, and the Government Strategic Reserves Agency.
- The zero VAT rate for donations of goods and services for flood victims will be applicable to support provided through organizations that typically organize assistance in such disasters.
- The 0% VAT rate applies to donations of various goods and services, such as food, blankets, clothing, accommodation, and rental of power generators.
- The regulation will come into effect on September 18, 2024, with the possibility of applying it to donations made from September 12 to December 31, 2024.
Source:
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.
