The Budget Bill for 2023 covers:
- To extend the reduced VAT rate until 30 June 2023 (for passenger transportation, coffee, catering, cinema tickets, non-alcoholic beverages, tourist packages, gyms, dance centers and swimming pools.)
- To reduce the VAT rate to 6% from 13% for animal foods and fertilizers
- A temporary VAT cut rate of 24% for new buildings until 31 December 2024
Source: GVC
