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Lower VAT for home renovations to 5%

Lower VAT for home renovations to 5%

The government has lowered the value added tax (VAT) for repair and reconstruction work on residential units from the universal 19% to 5%, valid for all homes, including non-primary. The lower VAT will apply in renovations of all dwelling units, and not just in the case of primary residence, as was the case until now.

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