A roundtable discussion between specialists from the Tax Committee and young entrepreneurs provided information about current tax legislation and reforms aimed at supporting business entities.It was explained with clear examples how the gradual reduction of the VAT rate from 20% to 12% is leading to an increase in the number of VAT payers.
As of May 1, 2024, the number of specially registered VAT payers amounted to 191,738. This is 6.2% more compared to the same period last year.The majority of VAT payers operate in the trade sector (63.2 thousand), while the highest growth rate is observed in the transport sector – 19.8%.
Source: facebook.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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