VAT rate of 13.5% for hospitality and tourism is restored

VAT RATE FOR TOURISM AND HOSPITALITY RETURNS TO 13.5% FROM MIDNIGHT

The reduced 9% VAT rate for tourism, hospitality and some other services will expire at midnight on 31st August 2023 and return to 13.5%. The 13.5% rate was lowered to 9% in November 2020 to help stimulate activity in the tourism and hospitality sectors during the pandemic. This reduced rate was due to revert back […]

VAT RATE FOR TOURISM AND HOSPITALITY RETURNS TO 13.5% FROM MIDNIGHT Read More »