The Real Estate VAT Crisis: Fiscal Impact, Contractual Liabilities, and Legal Solutions Starting August 1st, a tax increase will come into effect, raising the vat rate from 9% and 19% to 21% for new residential properties regardless of their value. This change has caused unrest in the real estate market and raised numerous questions regarding … Continue reading Legal Analysis: VAT Increase in Real Estate – Who Pays the Difference and Who Can Take Legal Action