VAT rates and supply exempt from tax

From 1 July 2025, the standard rate of VAT is 24%.

The standard rate is applied for VAT purposes whenever there is no basis for applying a preferential rate or exemption arising from a specific provision. The correct tax rate must be chosen on the basis of the time of supply.

Until 30 June 2025, two transitional provisions were in force that allowed the use of a 20% VAT rate in exceptional cases:

• until 30 June 2025, provided that the goods or services supplied are subject to a standard VAT rate, the user of cash accounting of VAT may pay VAT at the rate of 20% on the supply of the goods or services generated after 31 December 2023 if an invoice was issued to the purchaser and the goods were dispatched or made available or the service was supplied before 1 January 2024 (subsection 24 of § 46 of the VAT Act);
• the second transitional provision concerns transactions relating to long-term contracts, in particular transactions relating to immovables. Until 30 June 2025, a taxable person will be entitled, on the basis of a written contract concluded before 1 May 2023, to apply the 20% VAT rate applicable on the supply of goods or services until 31 December 2023, provided that the relevant contract provides that the price of the goods or services includes VAT at a rate of 20% or VAT at the rate of 20% is added to the price and the contract does not provide for a change in the price resulting from a possible change in the rate of VAT. (Subsection 25 of § 46 of the VAT Act)