A key part of this reform is the introduction of a Single VAT Registration (SVR) a change set to significantly ease the burden of VAT compliance for cross-border businesses.
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Timeline Overview
- 2025: IT and legislative frameworks to be finalised
- 2026: System development and user testing
- January 2027: OSS receives minor updates
- July 2028: Full SVR system launches
Source: innovatetax.com
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