Businesses Alerted to Adjust VAT and Sales Tax Calculations for Daylight Saving Time Compliance.

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Full Text of the Document

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....Businesses are advised to adjust their VAT and sales tax calculations to comply with daylight saving time (DST) changes. This adjustment is necessary to ensure accurate tax reporting and compliance during the DST period. The circular emphasizes the importance of updating systems and processes to reflect the time change, thereby avoiding potential discrepancies in tax submissions.....