On 12 December 2022, the Government issued Regulation No.GR-491 to implement Article 16B of the Value Added Tax (VAT) Law as amended as part of the Harmonisation of Tax Regulations (Harmonisasi Peraturan Perpajakan/HPP) Law. The HPP Law made changes to the status of several “non-VATable” objects. This included shifting some goods and services from the negative list under Article 4A of the VAT Law (which are not subject to VAT) to those now granted VAT facilities under Article 16B under the HPP Law (which can be in the form of a VAT exemption or a VAT “not-collected” status).
Source – PwC – TaxFlash
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