mn GB

REGULATION ON IMPLEMENTING THE LAW ON EXEMPTION FROM THE VAT

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The Law on Exemption from the VAT submitted to the Parliament on 19 April 2018 was adopted on 10 May 2018. The aim of the law is to fulfill the government policy on forestry, to increase the amount of forest and to meet the domestic needs for wood and wooden materials with imported wood.

 

As a result of the adoption of this law, the wood imported for fuel purposes, OSB panels, ready-made wooden structure for building wooden houses shall be exempt from VAT until 31 December 2022. The law will be effective starting from 1 January 2019.

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