- Government approved tax incentive amendments and transitional VAT e-invoicing provisions for royalties.
- June 1 deadline for individuals with economic activities (identified by CNP) to use e-invoicing for royalty income; May 28 registration deadline; optional temporary deregistration available.
- Clarified definition of taxable persons per EU VAT Directive 2006/112/EC.
- Copyright invoices must be issued even below the VAT exemption threshold, regardless of VAT liability.
- Registration threshold for secondary offices reduced from five to one employee; 1% corporate income tax deductibility for certain nonresident affiliate expenses repealed.
Source: news.bloombergtax.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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