- Revisions to Tax Exemptions: The law repeals certain exemptions related to income tax and VAT, while also altering the application method for some existing exemptions.
- Clarification on Tax Withholding Requirements: The legislation provides clearer guidelines on tax withholding for intermediary service providers and electronic commerce intermediary service providers.
- Increase in Tax Penalties: The law also includes provisions for raising tax penalties.
Source GlobalVATcompliance
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