The amendments include:
- Possibility to keep accounts in foreign currency
- Taxation of realized exchange rate transactions only
- Taxation of non-monetary employee benefits
- Abolition of exemption for managers’ accommodations
- Simplified records for agreements to perform work
- Unified 12% value added tax (VAT) rate for newspapers and periodicals
- Slower pace on increase to excise duty on electronic cigarettes, but faster pace on increase to excise duty on alcohol
Effective as of January 1, 2023
Source KPMG
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