- ARCA updated the VAT perception regime for transactions with final consumers.
- From July 2025, identification of buyers is not required for transactions under $10 million.
- The change aims to simplify tax processes for large commercial entities.
- Affects wholesale and retail sales in supermarkets and similar establishments.
- The resolution modifies the treatment of transactions with unregistered VAT subjects.
- A person is considered a final consumer if they declare it and the transaction is under $10 million.
- Part of a broader plan to simplify tax compliance and reduce administrative burdens.
- The change is expected to ease operations for large commercial chains.
Source: ambito.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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