Expiration of the Reduced VAT rate on the hotel sector, restaurants and passenger transport from January 11, 2021
The reduced VAT rate of 5% instead of 9% in the following services, which was valid from 1/7/2020, expired on 10/1/2021:
- Hotels and tourist accommodation and similar premises
- Restaurants and catering services
- Transportation of passengers by taxis and buses.
Therefore, from 11/01/2021 (inclusive), a reduced VAT rate of 9% is imposed for these services in accordance with the VAT Legislation and the relevant transitional provision