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VAT Rates

Under the latest amendment to the Vat Legislation the normal Vat rate increases to 18% from 17% effective 14 January 2013. From the 13th of January 2014 the normal Vat rate will increase to 19% and the reduced rate from 8% to 9%.

The Vat rate of 5% which is applicable mainly for food and medicines remains the same.

The existing VAT rates are as follow:
  • 18% normal Vat rate
  • 8% wich mostly affects restaurants and taxi services
  • 5% for all categories of food, gas, newspapers and drungs sold in pharmacies.
 Medical and Educational services are exempted for Vat purposes.
 
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