- Reduced VAT rates of 15% and 10% will be abolished from Jan. 1, 2024
- A single reduced VAT rate of 12% will be effective from Jan. 1, 2024
- Adjustments will be made to the electronic control report form and VAT tax return
- Changes will be available through the online tax portal for 2024
- Instructions for completing summary reports on the VAT Information Exchange System (VIES) will be provided.
Source: news.bloombergtax.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.
