- Update on VAT Decree: The Decree clarifying the scope of Table I of the VAT Act 1968 will be updated on January 1, 2025, reflecting changes in the application of reduced VAT rates.
- Increase in VAT Rates: Starting January 1, 2025, the VAT rate will increase for certain agricultural goods, including non-food grains, seed potatoes, cattle, offal, and various agricultural products, which will no longer be eligible for the reduced rate.
- Explanatory Adjustments and Transitional Provisions: The explanatory notes will be revised to address items expiring on January 1, 2026, with the general VAT rate applying to relevant payments and vouchers related to services provided after this date, alongside a specific transitional arrangement regarding certain goods and services.
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