Tag: reform of the breyne law
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A Preview for the Real Estate and Construction Sector Based on the Coalition Agreement
1. A More Favorable Tax Regime for Renovation Works The federal government intends to permanently apply the reduced VAT rate of 6% for demolition and reconstruction projects to property developers and construction promoters. This measure aims to prevent developers and promoters from reverting to the 21% VAT rate after the transitional arrangement expires on June…