Awareness on the change of the trade tax rate from January 1, 2022
The State Revenue Committee informs that from January 1, 2022, the trade tax rate has been changed. In particular, the sales tax rate for the sales turnover of each reporting period from January 1, 2022 has been set at 3%, reducing by 2% the documented costs of goods purchased for sale. If, after deductions, the sales tax amount is less than 1% of the sales turnover, the sales tax will be calculated at a rate of 1% and the non-deductible portion will be deducted in subsequent reporting periods.
|