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VAT Rates

Under the latest amendment to the VAT Legislation the normal Vat rate increases to 19% from 18% effective from 14 January 2014. 

 

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

 

 

The existing VAT rates are as follow:

  • 19% normal VAT rate
  • 9% which 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.