New Law Expands VAT to Digital Goods, Revises Refunds, and Repeals Simplified Regimes

• Digital goods and services are now explicitly subject to VAT.
• Nonresidents buying digital goods and services must file monthly VAT reports.
• Output and input VAT rules have been aligned.
• The process for input VAT credit refunds has been revised.
• Simplified and exemption VAT regimes have been repealed.

Source: kpmg.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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