- Introduction of Real-Time Taxation: The Tax and Customs Administration is exploring a new technique called “real-time taxation,” aimed at simplifying VAT payments for entrepreneurs and streamlining tax authority operations.
- Automatic VAT Calculation: With this system, VAT will be automatically calculated and transferred to the Tax Authorities at the point of sale, such as when purchasing a cup of coffee, reducing administrative burdens for entrepreneurs.
- Enhanced Efficiency for Tax Authorities: This innovation is expected to allow for more targeted checks by tax authorities, significantly alleviating the administrative workload for businesses and improving overall efficiency in tax collection.
Source Taxlive
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