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- 29 Jan 2024 07:54
- Forum: General Property Questions
- Topic: Is this calculation accurate?
- Replies: 1
- Views: 3106
Is this calculation accurate?
Hi, according to the law, VAT is 5% for the first 200 sq.m. of a house and 19% for every additional sq.m. beyond that. For houses larger than 200 sq.m., they estimate the VAT rate using a formula. The online formula found is (200/(house_size5%) + (house_size-200/house_size19%). For a 210 sq.m. house ...