28 June 2024
Ministry of Finance has announced that the reduced VAT rate of 13% on public transport, coffee supplies, takeaways, and deliveries of non-alcoholic drinks will now be permanent.
Initially introduced to mitigate high inflation, the VAT rate was reduced from 24% to 13%. This measure, previously set to expire, will now continue indefinitely to support consumers and businesses.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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