Important changes from 1 July concerning online invoice data supply

The tax package approved in December 2019 included some significant changes in the area of the online disclosure of invoicing data. According to the amendment, the changes will enter into effect on 1 July 2020.

The tax package approved in December 2019 included some significant changes in the area of the online disclosure of invoicing data. According to the amendment, the changes will enter into effect on 1 July 2020. The long-term objective of this measure is not only to whiten the economy, but also to reduce the administrative burdens on taxpayers by way of providing for them tax return proposals for value-added tax, similarly to the system already introduced for personal income tax.

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Tax Newsletter 2020/7.
Tax Newsletter 2020/7.