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August 04, 2021

The Temporary Reduction of the VAT Rates will End on 31 Dec 2020.


With Reference to “VAT Changes in Response to Coronavirus Disease 2020” dated 27 June 2020, considering the corona virus outbreak, the temporary VAT changes came into effect from 1 July 2020.

 

you are hereby informed that the temporary reduction of VAT rates (currently 17% and 5%) will end on 31 December 2020.

Therefore, from 1 January 2021, the “old” VAT rates (19% and 7%) will be applicable.

 



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