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Bill Proposes Repeal of Restrictions on Deductibility for Certain Cross-Border Bank Transfers

  • The bill would repeal the rule that denies tax deductibility for payments made by bank transfer to accounts outside the VAT taxpayers’ register or without using the split payment mechanism.

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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