- Ministry of Finance clarifies changes to VAT clawback rules starting in 2025
- Amendments aim to simplify the process and reduce administrative burden
- Changes will impact businesses that have previously claimed VAT deductions
- New rules will require businesses to adjust their VAT deductions over a 5-year period
- MoF emphasizes the importance of compliance with the new regulations
Source: research.ibfd.org
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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