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.
