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Expiration of the Reduced VAT from January 11, 2021

Fidescorp Limited > Announcements > Expiration of the Reduced VAT from January 11, 2021
Expiration of the Reduced VAT

Expiration of the Reduced VAT rate on the hotel sector, restaurants and passenger transport from January 11, 2021

The reduced VAT rate of 5% instead of 9% in the following services, which was valid from 1/7/2020, expired on 10/1/2021:

  • Hotels and tourist accommodation and similar premises
  • Restaurants and catering services
  • Transportation of passengers by taxis and buses.

Therefore, from 11/01/2021 (inclusive), a reduced VAT rate of 9% is imposed for these services in accordance with the VAT Legislation and the relevant transitional provision