Summary of New Tax Policies Effective from January 1, 2025
The year 2025 marks a significant turning point in the tax system with a series of important policies being adjusted and implemented: an extension of the 2% value-added tax (VAT) reduction, amendments to the Accounting Law, Tax Administration Law, and changes to regulations on supplementary tax declarations, among others. 1. Continuation of 2% VAT Reduction […]