The new Law introduces the following amendments:
1. Imposition of VAT at the standard rate of 19% on the sale of building land as from 2 of January 2018.
2. Imposition of VAT at the standard rate of 19% on the rental of premises used in business as from 13 November 2017.
3. Application of Reverse Charge mechanism on VAT taxable supplies of land and property under loan restructuring and/or force-sale arrangement as from 2 of January 2018.