The basic 21% VAT rate remains unchanged. The two current reduced VAT rates 10% and 15% were merged into one. From January 1, 2024, only one reduced VAT rate of 12% and one basic VAT rate of 21% will be applied. There have also been various shifts of items between the reduced and basic VAT rate and new items have been introduced in the reduced VAT rate.
VAT rate for real estate and ancillary supplies related to the rental of real estate
A new reduced 12% VAT rate will be applied to the delivery of construction and assembly work on a completed building for housing, as well as construction and delivery of buildings for social housing. The same regime will be applied to the supply of heating and cooling, which could be of interest not only to heating companies, but also to landlords.