- Repeal of Integration Requirement: The obligation to integrate payment terminals with cash registers has been removed due to impracticality and cost concerns, shifting the responsibility for reporting data to the National Revenue Administration onto acquirers.
- Clarification of Reduced VAT Rates: The Act clarifies the application of reduced VAT rates, including an 8% rate for certain agricultural and medical products, a 0% rate for rescue vessels, and a new 5% rate for menstrual cups.
- Extension of Reverse Charge Mechanism: The reverse charge mechanism for gas, electricity, and greenhouse gas emissions transactions will be extended until December 31, 2026, continuing to support financial liquidity in the regulated markets.
Source MDDP
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