The consolidation package came into effect and includes changes in VAT and amendments to the Real Estate Tax Act.
The consolidation package came into effect on 1 January 2024. It includes an amendment to the value added tax (VAT) Act and introduces a significant amendment to the Real Estate Tax Act.
Two major changes to VAT include:
Supplies of books and related services are also now exempt from VAT with a right to deduct VAT.
Read a January 2024 report
After more than a decade, tax rates have increased by approximately 80%. Many partial changes intended to intensify the collection of this tax have also been approved. The deadline for filing real estate tax returns this year is 31 January 2024.
Read a January 2024 report