Changes in value-added tax (VAT) and when can the 20% rate continue to be applied?
From January 1, 2024, the general VAT rate will increase from 20 percent to 22 percent.
Starting from January 1, 2025, reduced VAT rates will also increase:
- Accommodation (including breakfast) to 13 percent, and
- Books, textbooks, and periodicals (excluding primarily advertising or classified ads, erotic, or pornographic content publications) to 9 percent.
In this update, our focus is on the general VAT rate change that will come into effect from January 1, 2024.