End of reduced VAT on electricity and selected products

Oct 1, 2024
1 min read

Updated: Oct 2, 2024

It has been announced by the Ministry of Finance that from October 2024 the electricity subsidy and the 0% VAT which was previously granted on essential goods will no longer apply. The 5% VAT rate will now apply on bread, milk, eggs etc which was the applicable rate before the relief scheme was applied since March 2023.

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Following the passing of the relevant bills by the Plenary of the House of Representatives on December 22, 2025, we would like to inform you that the comprehensive Tax Reform has been published in the

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