VAT increase to 15,5% on 1 May 2025

The long-awaited approval of the national budget has happened.  Most likely not what we wanted to hear as businesses, but nevertheless we have to adjust the VAT rate on all invoices and claims from     1 May 2025 on which date the VAT rate increases to 15,5%.  If the budget is not adjusted next year, we will have to increase it once more on 1 April 2026 to 16%, but only time will tell.  For now, please ensure that your accounting systems are updated and your VAT returns are done correctly.  Contact your    service providers for assistance if required.