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Requirements for VAT Payers Switching to Turnover Tax Regime by December 20, 2024

  • VAT payers must apply by December 20 to switch to the turnover tax regime using the provided link.
  • Eligibility requires at least 12 months under the VAT regime and no mandatory VAT criteria.
  • If the application meets requirements and deadlines, the switch to turnover tax starts from January 1, 2026; otherwise, the application is rejected.
  • The decision is sent to the taxpayer’s personal account in both cases.

Source: facebook.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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