According to a newly released regulation on income tax and VAT for fintech services, the fees charged to consumers when topping up or withdrawing their e-money balance from a third party are subject to an 11% VAT.
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According to a newly released regulation on income tax and VAT for fintech services, the fees charged to consumers when topping up or withdrawing their e-money balance from a third party are subject to an 11% VAT.
Source:
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