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VAT hike

16 Jul 2012

VAT hike

From 1st of September will produce a rise in the general rate of VAT will rise from 18% to 21%, the reduced rate will increase from 8% to 10% while the super-continue at 4%. A part of this increase are no products currently classified as small to pass the general rate so they will rise significantly.

 

In the field of construction which is what interests us, it has been confirmed that the super-reduced rate that applies to the purchase of new housing has an expiration date on December 31, 2012 from 10% then.

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