- Bill includes amendments to the pro rata VAT deduction and an extension of the statute of limitation period for VAT recovery from 7 to 10 years.
- The bill also clarifies when taxable individuals must include their VAT identification number on invoices,
- introduces reduced VAT rates for certain items,
- provides VAT exemptions for certain products stored in warehouses,
- and sets up a national electronic system to store data from payment service providers.
- The bill also introduces special provisions for (joint) liability of taxable electronic interface operators.
Source
