- The Act on Amendments to the Value Added Tax Act enters into force on the 1st of April 2022. Based on the proposal of the aforementioned Act, there will be changes in taxation within the tax rates for the supply of goods and services starting from 1st of April 2022. The following presents an overview of goods for which there was a change in VAT rate.
- VAT rate of 5 % – baby food, edible oils and fats, butter and margarine, supply of live animals, supply of fresh or chilled meat and edible offal, supply of fresh or chilled sausages and similar meat products, supply of fresh or chilled fish, crabs, molluscs, and other aquatic invertebrates, supply of fresh or chilled vegetables, roots and tubers, supply of fresh and dried fruits and nuts, supply of fresh poultry eggs, bedding plants and seeds, fertilizers and pesticides, animal food and tickets for sport and cultural events.
- VAT rate of 13 % – for women‘s needs, natural gas and heating from heating stations, firewood, pellets, briquettes, and wood chips (for the supply of natural gas in the period from 1st April 2022 to 31st March 2023 VAT will be paid at a reduced rate of 5%). This means that starting from 1st April 2023, a VAT rate of 13% will be applied to natural gas supplies.
- OTHER CHANGES – the breach of tax secrecy is not represented by the information that the taxpayer knew or should have known that he was participating in transactions intended to evade the payment of VAT.
Please keep in mind the fact that legislation is subject to frequent change. This newsletter is therefore necessarily based on our understanding and correct interpretation of the law and practice at the time of publication of this newsletter. This newsletter will not be updated due to changes in legislation that occur after the issuance of this letter.