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Requirements for reduced withholding tax rate for foreign insurance companies, recent VAT developments

VAT developments

In addition, recent value added tax (VAT) developments concern:

  • New codes for form 29 for monthly declarations and simultaneous payments of VAT withheld
  • Obligation of free zone users to operate with the register of purchases and sales
  • VAT on the sale of rural parcels from a subdivision
  • VAT applicable to health services and services provided by educational establishments, as of 1 January 2023

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