Reduced VAT / GST rate

Not applicable

Standard VAT / GST rate

18^[1]

High VAT / GST rate

Not applicable

______________________

Note: 10% applies to licensed tourist accommodation service providers.

[1] There are special rates for some products like solar equipments. This rate is reduced to 10% for accommodation and catering services provided by approved tourist accommodation establishments. Please note that a 17% special tax on financial activities (mainly banking, money transfers, interest, premiums and other remunerations received on loans, keeping of bank accounts or equivalent, financial intermediation and change operations) applies instead of VAT.