- Proposed changes to reduced Value Added Tax rates for 1 January 2025
- Rate of 0% to cover rescue ships and lifeboats used at sea
- Clarification of wording for fertilizers, plant protection products, and animal feed
- Reduction of VAT rate on menstrual cups from 23% to 5%
- Maintenance of 8% rate for medical devices approved under previous law
- Elimination of reduced VAT rate for live horses to comply with EU directive
- Increase in tax rate for hemp products for smoking or inhalation without combustion
- Exclusion of hemp seed products used for medical purposes from tax rate increase
Source: vatcalc.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.
