Share this post on

SLIM VAT 3 – the Senate Approves the Amendment to the VAT Act

May 11 The Senate supported a new package of changes provided for in the VAT Act. SLIM VAT 3 provides solutions for entrepreneurs that are aimed at facilitating VAT settlements. Most of the changes will come into force on July 1 this year.

  • Increased sales limit for a small taxpayer
  • Change in VAT sanctions
  • Simplification of international trade
  • Conversion of correcting invoices issued in foreign currencies
  • Consolidation and harmonisation of the issuing of binding information
  • Summary

Source: MDDP


VAT news
VAT news