The sponsorship will be granted in the form of a refund of 14% out of the 19% of the VAT that was initially charged on the acquisition of the undeveloped building land, thus reducing the effective rate of VAT on such arrangement to 5%.
The sponsorship will be granted in the form of a refund of 14% out of the 19% of the VAT that was initially charged on the acquisition of the undeveloped building land, thus reducing the effective rate of VAT on such arrangement to 5%.