The amendments were published in the Official Gazette in September 2024.
Among them:
It is planned to introduce a new reduced VAT rate of 15%. In addition, the volume of supplies subject to a reduced VAT rate of 7% has been revised.
The zero VAT rate is abolished for supplies of goods and services related to the construction and equipment of hospitality facilities with a category of five or more stars.
The VAT exemption for supplies of low-value goods worth up to 75 euros is abolished. The threshold for one-time taxation of self-employment income has been increased from 18,000 euros to 30,000 euros.
The measures will enter into force on 1 January 2025.