- Small businesses newly entering the VAT scheme will not be fined for declaration errors until the end of 2018.
- The tax administration is instructed to assist businesses in declaring VAT and correcting errors, rather than imposing penalties.
- Businesses with a turnover over 2 million lek must declare and pay VAT from April 1, 2018.
- Training and assistance have been provided to thousands of small businesses to help them comply with the new VAT requirements.
- The aim is to close tax evasion loopholes for big businesses while supporting small businesses during the transition.
Source: balkanweb.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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