The Parliment has approved an extension of the reduced VAT for first-time homebuyers, offering additional time to benefit from the incentive.
Under the new legislation, the eligibility period for the 5% VAT rate has been extended until the end of 2026, based on the permit examination timeline.
The reduced rate applies to the first 200 square metres of a primary residence, with any additional area subject to the standard 19% VAT.
This extension provides a valuable opportunity for buyers to secure their first home under more favourable financial conditions.