The Bill cover provisions on:
- Establishing taxation regulations for managed foreign corporations operating under the preferential tax regime.
- VAT-registered taxpayers are required to submit debt-related transactions to the tax authorities.
- The penalty for submitting false information is 2,000 ADN (1,027 EUR ).
- Setting dates, payment mechanisms, and conditions for electronic submission.
- Sales made by VAT-registered farmers and agricultural services.
Source: GVC