Re: Re: 2% VAT increase announced


@Lex wrote:

Does anybody have an insight as to whether the 2% increase in VAT will also apply to property transactions ?

Any increase in VAT will be only for new properties, residential 7%-commercial 16%.

On the other side, second hand properties have the 7% ITP (Conveyance Tax) unless the Regions or the State decide to increase this last tax as well.

Additionally, new properties also must pay a 1% as AJD.