Proposals for corporate, individual income tax changes; VAT amendments

VAT changes cover:

• Bad debts
• Special tax reimbursement procedure for VAT unduly paid
• Rate of VAT on accommodation services reduced
• VAT exemption for intra-Community sales of goods only when buyer has a VAT ID number in other EU Member State
• Changes to the VAT exemption for services related to the importation and certain customs procedures
• Call-off stock simplification

Source: KPMG

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