January 21, 2025

Government Plans New Proposal to Cut Construction VAT

The government is finalizing a draft law to reduce VAT on housing construction, lowering it from the standard rate of 23% to the reduced rate of 6%. This initiative follows the rejection by the opposition of a legislative authorization included in the 2025 State Budget (OE2025). The proposed legislation aims to create conditions to increase the availability of homes targeted at the middle class, as...

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