Tags
acupuncture, alternative medicine, chiropractice, exempt, herbal medicine, naturopathy, tax credit, vat
The General Assembly approved legislation that reduces from 23% to 0% the VAT charged by professionals of non-conventional therapies (alternative medicines such as acupuncture, herbal medicine, naturopathy, osteopathy, chiropractic, traditional Chinese medicine, etc.).
Not only will final consumers save directly with the exemption from VAT, these expenses will also qualify for medical tax credits in “IRS” reporting.