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of <h1>Government Ensures No Reopening of Past Tax Assessments Due to Increased Turnover from Digital Payments Adoption.</h1> The government encourages a shift to digital payment methods to reduce the black economy, ensuring financial transactions are fully disclosed and reflected in financial records. Concerns have arisen that increased turnover from digital payments might lead to demands for past assessments. The Ministry of Finance clarifies that, regarding indirect taxes, past assessments will not be reopened solely due to increased turnover from digital payment adoption. This directive is addressed to relevant tax authorities to ensure clarity and consistency in handling such cases.
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