The private individuals will benefit from exemption from VAT on public utilities provided to the dwelling, regardless of its owner, IPN reports, quoting the draft fiscal, budgetary and customs policy document that was proposed for public debates.
The dwelling represents a construction or isolated structure consisting of one or several rooms and auxiliary rooms (kitchen, bathroom), which houses one or more persons (family). The private homes, apartments and residential areas in dorms are considered dwellings.
The public utilities provided to non-residential facilities will be taxed with VAT according to the general principles.
The Ministry of Finance said these provisions are in full compliance with the Law on Dwellings that was adopted on April 30, 2015. The goal is to ensure balanced treatment of taxpayers – dwelling owners in the provision of concessions.
