As of l January 2019, the basic value added tax (VAT) rate has
increased from 18% to 20%.
The Tax Code provides several VAT rates for different types of
good, work, service and business transaction. Only the basic
general rate which applies where no other rate is provided for by
law has been changed. The 10% preferential rate for certain
categories of good remains the same.
Further, several estimated tax rates have been amended as of 1
January 2019. The estimated tax rate of 20/120 applies in cases
where VAT is included in the price of goods, but not identified as
a separate amount in the payment documents. The estimated rate of
16.67% will be applied if an enterprise is sold as a complex asset
and the services are provided by foreign companies in electronic
format.
