- Chamber of Deputies passed a comprehensive tax compliance bill on 25 September 2024
- Bill is undergoing legislative processes and awaits formal promulgation and publication
- Effective date of the bill may vary depending on specific changes
- Changes to Value-added tax (VAT) regime include:
- Enhancement for digital economy
- New anti-avoidance rule
- Abrogation of low-value goods exemption
- Export VAT refunds restrictions
- VAT regime extended to digital platforms and marketplace for imported goods
- De minimis exemption for low-value goods eliminated
- New VAT SAAR allows requalification of reorganizations
- Exporters must demonstrate accurate VAT refunds for last 36 months
- Most VAT measures effective on first day of month following publication
- VAT regime for digital platforms effective 12 months after publication
- Export VAT regime effective six months after issuance of regulations
Source: globaltaxnews.ey.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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