HLB Taxence Tax Alert: Special Edition for August 2026

In our latest issue, we have gathered key changes to the Tax Code that are important for businesses to consider. Here is a brief overview of the main topics:

Tax Administration: The deadlines for voluntary compliance with tax audit decisions and for filing appeals have been extended to 90 days. Tax Payment Demands for collecting tax arrears may now also be issued to payment system operators and electronic money issuers.
Unified Tax: For residents of the Creative Industries Park, the rate is set at 0% for the period from August 2026 to July 2031. Rates for catering businesses have also been revised, a new 4% rate has been introduced for the sale of newly constructed residential and non-residential premises, and the rate for bathhouses and saunas has been reduced to 5%.
VAT and Sales Tax: In construction, a VAT liability now arises only upon the simultaneous completion of works and receipt of payment. The supply of goods and services to entities of the "Tamchy" Special Territory is exempt from VAT. The tax point for Sales Tax purposes is now linked to the date revenue is recognized.
E-commerce: New rules for the use of invoices in e-commerce marketplace transactions have been introduced. Foreign companies must now pay VAT based on the entire value of goods sold to individuals through electronic platforms, without the right to credit or offset.
Personal Income Tax: A preferential 5% rate has been introduced for IT specialists of companies with majority state ownership. The benefit from receiving loans is now recognized as taxable income, with the exception of government loans.

Download the attached file to review all the changes and their effective dates in detail!