Post by joita9789 on Feb 13, 2024 0:56:41 GMT -5
The rates in housing construction in force since January. From January 1, the reduced VAT rate applies only to buildings or parts thereof included in construction covered by the social housing program pursuant to Art. paragraph c of the VAT Act. VAT rates in practice The above regulations mean in practice that in the case of delivery and renovation of residential premises whose usable area does not exceed m2 and single-family buildings whose usable area does not exceed m2, a reduced rate will apply. However, if the area of a residential premises or a single-family building exceeds the above limits, then two tax rates will apply to this supply.
Reduced and basic. For example, if the purchased new residential premises will have an area of Dubai Email List the rate will apply to m2, while the basic rate will apply to the remaining m2. NOTE A similar rule will also apply to renovations carried out in residential premises and single-family buildings. The reduced VAT rate will also apply to certain maintenance works performed in the residential sector pursuant to section point and above. regulation of December 2008. Therefore, the performance of maintenance works will still be subject to a reduced rate, but the scope of these works will concern construction facilities covered by the social housing program.
To the extent that maintenance works do not concern public housing, it is possible to apply a reduced rate if these works concern residential buildings referred to in Art. point of the Act or parts thereof, excluding commercial premises and residential premises in non-residential buildings classified in the Polish Classification of Buildings in this section, provided that the value of goods net of tax included in the tax base for the provision of maintenance works does not exceed this base. Maintenance works should be understood as works aimed at maintaining the technical efficiency of building elements other than renovation. NOTE The increase in VAT rates made.
Reduced and basic. For example, if the purchased new residential premises will have an area of Dubai Email List the rate will apply to m2, while the basic rate will apply to the remaining m2. NOTE A similar rule will also apply to renovations carried out in residential premises and single-family buildings. The reduced VAT rate will also apply to certain maintenance works performed in the residential sector pursuant to section point and above. regulation of December 2008. Therefore, the performance of maintenance works will still be subject to a reduced rate, but the scope of these works will concern construction facilities covered by the social housing program.
To the extent that maintenance works do not concern public housing, it is possible to apply a reduced rate if these works concern residential buildings referred to in Art. point of the Act or parts thereof, excluding commercial premises and residential premises in non-residential buildings classified in the Polish Classification of Buildings in this section, provided that the value of goods net of tax included in the tax base for the provision of maintenance works does not exceed this base. Maintenance works should be understood as works aimed at maintaining the technical efficiency of building elements other than renovation. NOTE The increase in VAT rates made.
