Source Deloitte
As from 1 July 2020,
- the legislation extends the deadline for notifying the relevant tax authorities of a payment made to a bank account not included in the white list from three to seven days
- if the payment is made to a bank account outside of the white list, the taxpayer should not face risks if the taxpayer uses the split payment mechanism
- the legislation provides that a purchaser is not required to verify whether the bank account listed on an invoice is included in the white list when paying an invoice for international transactions
