- The government has proposed applying VAT to factoring operations in the Draft Finance Bill 2026.
- Factoring services, previously exempt or not clearly taxed, will now be subject to VAT.
- The change aims to increase tax revenue and align with international practices.
- Businesses using factoring services may face higher costs due to the new VAT.
- The proposal is part of broader tax reforms outlined in the 2026 bill.
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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