Bad news for 2024. VAT on housing to rise to 19% from January
Tax experts of all kinds and the Minister of Finance have been repeating to anyone who will listen that the 2024 Finance Law does not introduce any new taxes. They forgot that taxation is a minefield and that old texts must always be subjected to a metal detector to detect the various taxes that have been planted like anti-personnel mines over the years, sometimes, as in the case of VAT, deliberately! We could almost advise anyone planning to buy a house to do so now. It’s not insider information, it’s just forgotten information!