Definition
A non-profit (a non-profit organization) is not liable for VAT on its activities. Instead, he is liable for payroll tax at a rate of 7.5%.
Examples of non-profits
- Associations
- public endowments
- local authorities
- religious institutions
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.