The general VAT rate will rise from 24% to 25.5% from 1 September 2024.
Impact on the customer's rent:
If the rent is paid to the vendor as an advance payment for the full payment period before 1 September 2024, the 24% rate will apply to the sale.
If the rent is paid on or after 1 September 2024, the new rate of 25.5% will apply to the sale.
The old rate of 24% will therefore always apply to invoices paid before 1 September 2024, regardless of the length of the invoicing period.
The due date of the invoice sent to the customer determines the VAT rate on the invoice. The rate for invoices due on or after 1 September 2024 is 25.5%. If you wish to pay such an invoice during August, please contact our customer service to change the VAT rate.