Proposed amendment to VAT Act targets three key areas

The proposed amendment to the VAT Act, introduced in connection with EET 2.0, focuses on three main areas: irrecoverable receivables on the creditor’s side, unpaid liabilities on the debtor’s side, and changes to the VAT rate applicable to non…

EET 2.0: financial administration’s position on contact payments

The EET 2.0 system, scheduled to be introduced in 2027, brings a new concept of “contact payment”. This plays a key role in determining which non-cash payments will be subject to the electronic sales reporting obligation and which will be excluded.…

EET 2.0 and other proposals by Ministry of Finance

The Ministry of Finance has disclosed a draft legislative package that includes the reintroduction of electronic sales reporting (EET) and other changes in personal income taxation, family support, and the digitisation of tax administration.