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Tax reforms to the VAT system effective from January 1, 2022

The Bill cover provisions on: 

  • Establishing taxation regulations for managed foreign corporations operating under the preferential tax regime. 
  • VAT-registered taxpayers are required to submit debt-related transactions to the tax authorities. 
  • The penalty for submitting false information is 2,000 ADN (1,027 EUR ).
  • Setting dates, payment mechanisms, and conditions for electronic submission.
  • Sales made by VAT-registered farmers and agricultural services.  

Source: GVC

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