Value added tax (VAT)
The current rates of VAT would be merged into two rates of 12% and 21%. In addition, certain activities that were included in the reduced VAT rate because of the coronavirus (COVID-19) pandemic (e.g., hairdressing services, shoe repairs, collection, transport, and the storage of municipal waste) would be moved to the basic VAT rate. However, a special zero VAT rate would apply to books.
Excise taxes
Excise duties on tobacco and alcohol and on gambling would be increased.
Source: KPMG
