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Proposed Economic and Administrative Law Amendments for R&D Tax Relief and VAT Exemptions

  • Bill amending economic and administrative laws published on government website on 5 April 2024
  • Provides research and development (R&D) tax relief
  • Amends value added tax (VAT) law regarding exemptions from keeping records using cash registers
  • Exemptions may be issued no more often than once every three years

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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