Tax measures in Finance Law 2020

• Extension of the scope of value added tax (VAT) to activities carried out by electronic means (online or digital sales)
• Removal of the VAT liability threshold
• Introduction of a new VAT rate
• Introduction of a VAT refund period for “partial taxpayers”
• Tax and VAT exemptions provided as incentives for startups
• Extension of the reduced VAT rate for the tourism sector until 2022

Source: KPMG

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