- New rules are introduced to support the growth of small businesses.
- A simplified VAT scheme will be implemented.
- It will be available to public catering, service, and trade sectors.
- The VAT rate is reduced from 12% to 6%.
- These taxpayers will not pay income tax or file related reports.
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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