With the new tax reductions set to take effect from January 1, 2026, as announced over the weekend (6-7.9.2025) at DETH, the government has implemented a total of 83 tax and contribution reductions since the beginning of its term in 2019. Introduction of an intermediate 25% rate (down from 35%) on income tax from rentals. Exemption from income tax for foundations and endowments. Among these are the reduction of the VAT rate for urban, suburban, and land railway transport (from 24% to 13%), reduced VAT on infant products (from 24% to 13%), and suspension of VAT payments on new constructions. The full list of tax reductions from recent years is now available.