"A package of amendments to the draft Tax Code was submitted to the Majilis of Parliament on February 20. Amendments have been made to: lower the threshold for mandatory VAT registration from 20,000 MCI (T78.6 million) to 3,800 MCI (T15 million); increase the VAT rate from 12% to 16% with a reduced rate of 10% for certain industries; and extend the simplified tax return to the B2C segment only,” said the press service of the Ministry of National Economy.
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