Where does the money from VAT go?
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- What is VAT?
- What is the difference between a price including VAT and a price excluding VAT?
- Why do we have to pay VAT?
- Where does the money from VAT go?
- Why is VAT being reduced on 1 January 2023?
- How long will VAT remain at 16%?
- What will happen when VAT returns to 17%?
- Is there a possibility of a new lower VAT rate?
- The situation at POST
Where does the money from VAT go?
The money collected through VAT goes to the State to finance public services and social security: education, security, justice, social welfare, transport, culture, sports, etc.
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