The government has announced a reduction to the VAT rate applicable to certain products and sectors:
- Electricity: application of the reduced VAT rate of 5%.
- Gas: application of the 0% VAT rate
- Certain meats, fish, dairy products, vegetables, fruits, cereals and beverages: the VAT rate is reduced from 5% to 0%.
This temporary reduction in the VAT rate came into effect on February 1, 2022 and is valid until July 31, 2022.
