Key VAT Act Amendments: Definitions, Refunds, Related Parties, Electronic Notices, and VIDA Preparation

Amendments update definitions and add new ones, such as “revenues acts.”
From January 2026, excess VAT credits can be set off against other tax dues.
Clarifications are made on VAT treatment for private use of goods and free services.
New rules define and determine taxable value for supplies between related parties.
Notices from the Commissioner can now be served electronically.
Changes related to electronic interfaces, distance sales, and call-off stock take effect January 2027.

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.