Reduced VAT / GST rate

8 [1]

Standard VAT / GST rate

0 [2] / 16

High VAT / GST rate

Not applicable

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[1] A reduced VAT rate of 8% applies to these basic necessities: (i) frozen horse mackerel; (ii) salted fish; (iii) meat of bovine animals, fresh or chilled; (iv) husked riced; (v) other milk powder; (vi) packaged waters for the table; (vii) iodized salt; (viii) soap for ordinary use; (ix) matches; (x) fresh and frozen meats; (xi) various fish; (xii) dried and salted cod; (xiii) rice; (xiv) and sugar. Further, VAT on the following basic necessities has been suspended until 31 December 2025 : (i) meat (e.g. frozen carcasses or half-carcasses of bovine animals, frozen pork meat, etc.); (ii) poultry (e.g. frozen whole poultry of the species Gallus domesticus; frozen whole turkeys and turkey hens, etc.); (iii) frozen horse mackerel ; (iv) salted codfish and other salted fish; (v) milk powder and other milk-based food preparations; (vi) broken rice; (vii) corn flour and other maize; (viii) sugar (e.g. raw beet sugar without added flavoring or coloring, other cane sugar and other solid cane or beet sugar).    

[2] The 0% rate is applicable for exportations and similar operations.