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The National Assembly has approved the amendments to the Tax Code
Parliament has approved the proposed amendments to the Tax Code in the third reading.
The relevant bill was included in the agenda of the National Assembly's session held on July 13.
The bill was prepared to allow private-sector entities operating outside the oil and gas industry to transfer funds from their VAT deposit accounts to the State Social Protection Fund.
According to the bill, from January 1, 2027, for a period of four years, taxpayers operating outside the oil and gas sector and belonging to the non-state sector will be allowed to transfer funds from their VAT deposit accounts to the State Social Protection Fund in accordance with the rules and conditions determined by the body (institution) designated by the relevant executive authority.
Parliament has approved the proposed amendments to the Tax Code in the third reading.
The relevant bill was included in the agenda of the National Assembly's session held on July 13.
The bill was prepared to allow private-sector entities operating outside the oil and gas industry to transfer funds from their VAT deposit accounts to the State Social Protection Fund.
According to the bill, from January 1, 2027, for a period of four years, taxpayers operating outside the oil and gas sector and belonging to the non-state sector will be allowed to transfer funds from their VAT deposit accounts to the State Social Protection Fund in accordance with the rules and conditions determined by the body (institution) designated by the relevant executive authority.