Tax Alert 01: 01 February 2016

Significant changes to the Law On Value Added Tax and other legislative amendments

Starting 1 January 2016, the new Law On Value Added Tax came into force. In addition, there are another changes in the tax law.This tax alert summarises main highlights of the these updates.

I. New Law On Value Added Tax
II. Other legislative amendments
- New rate of interest on underpaid taxes
- Changes to Personal Income Tax Law

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For more detailed information, please refer to the attachment.