GENERAL TAX RATE OF VALUE ADDED TAX – 16%

Decree No. 4.079 of December 26, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.788 of December 26, 2019 (the “Decree”). The Decree fixed the general tax rate of the Value Added Tax at 16%.

The Decree became effective on January 1, 2020.

In order to access the Decree, please click here.

Should you have any question or comment or require further information, please contact the partner in charge of your account via e-mail.