{"id":165019,"date":"2023-04-07T08:57:09","date_gmt":"2023-04-07T06:57:09","guid":{"rendered":"https:\/\/www.asd-int.com\/?post_type=mini_blog&#038;p=165019"},"modified":"2023-04-07T09:09:35","modified_gmt":"2023-04-07T07:09:35","slug":"monaco-expansion-of-reduced-vat-rate-to-certain-operations","status":"publish","type":"mini_blog","link":"https:\/\/www.asd-int.com\/en\/monaco-expansion-of-reduced-vat-rate-to-certain-operations\/","title":{"rendered":"Monaco: expansion of reduced vat rate to certain operations"},"content":{"rendered":"\n<p><strong>Monaco has just changed its tax rules<\/strong> by adopting a <em>Sovereign Order No. 9.821<\/em>, published in the Official Journal No. 86-34 on 17 March 2023. This change relates to value added tax (VAT) and makes amendments to the turnover tax code.<\/p>\n\n<p>The changes made by this law mainly concern the application of the amendment to Article 52-0 of the same code for the purpose of <strong>applying a reduced rate of 5.5% for certain operations<\/strong>. These operations are the following:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>The sale of foodstuffs intended for consumption by food-producing animals intended for human consumption, as well as products used to prepare such foodstuffs or to supplement them.<\/li>\n\n\n\n<li>Installation, maintenance and servicing of charging infrastructure for electric vehicles meeting certain criteria.<\/li>\n\n\n\n<li>Energy renovation services for buildings intended for residential use and completed at least 2 years ago. This includes the installation, adaptation or maintenance of materials, equipment, devices or systems to save energy or to use renewable energy sources.<\/li>\n<\/ul>\n\n<p>In order for the <strong>reduced rate of 5.5%<\/strong> to apply to the three types of services listed above, the customer of the service <strong>must certify in writing that all the conditions are met<\/strong> and will be held jointly and severally liable for the additional payment if the statements made prove to be inaccurate.<\/p>\n\n<p>Remember that these new tax rules can have a significant impact on your finances, so make sure you understand them and follow them correctly.<\/p>\n\n<p>Source:\u00a0<a href=\"https:\/\/journaldemonaco.gouv.mc\/Journaux\/2023\/Journal-8634\/Ordonnance-Souveraine-n-9.821-du-9-mars-2023-relative-a-la-taxe-sur-la-valeur-ajoutee\" target=\"_blank\" rel=\"noreferrer noopener\">Official Journal of the Principality of Monaco<\/a> (in French)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monaco has just changed its tax rules by adopting a Sovereign Order No. 9.821, published in the Official Journal No. 86-34 on 17 March 2023&#8230;.<\/p>\n","protected":false},"author":36,"featured_media":164994,"menu_order":0,"template":"","format":"standard","meta":{"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3350],"tags":[],"pays":[4385],"class_list":["post-165019","mini_blog","type-mini_blog","status-publish","format-standard","has-post-thumbnail","hentry","category-vat","pays-monaco-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monaco: reduced VAT rate | ASD Group<\/title>\n<meta name=\"description\" content=\"Monaco extends the reduced VAT rate for the charging of electric vehicles and the energy renovation of buildings.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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