Investor Presentaiton
VAT Rates
The standard VAT rate is 21 percent. The first reduced rate
is 15 percent (applies to e.g. food products, social housing
construction, and transfers of social housing, unless these
are tax-exempt) and the second reduced rate is 10 percent
(applies to e.g. accommodation services, catering services,
essential baby nutrition, pharmaceuticals for human
and veterinary purposes, books and newspapers, public
transportation services, mill products, drinking water).
Exports and intra-community supplies of goods, as well as
the international transport of goods relating to exports or
imports of goods, are zero-rated if all required conditions are
met.
Certain supplies of goods and services are exempt from VAT
(without input VAT deduction), for example:
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insurance and financial services;
postal services;
education;
health and welfare services;
transfer and financial leasing of immovable property
under certain conditions;
renting of immovable property (apart from short-term
leases, leases of parking spaces and leases of safe
deposit boxes).
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