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
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