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Under the previous system, the timing of regular tax audits was determined and notified by the tax authorities, often requiring businesses to respond to audits during periods critical to their operations and creating additional compliance burdens.
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Previously, taxpayers who missed the payment due date designated by the tax authorities had to work out their own late payment interest charges day by day, a process many found tedious and confusing.....
The Ministry of Finance and Economy (MOFE) announced the government's 2026 tax reform bill on August 3, 2026. The proposed revisions will undergo further discussion and require approval from the National Assembly before they can be finalized.
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