On 5 February 2024, the Ministry of Finance and Economic Development presented the 2024 Budget Speech to the National Assembly. The budget includes significant tax measures aimed at modernizing and enhancing the efficiency of the country's tax system. Below are the key proposals. Strategic tax law review and modernization Examination of fiscal legislation for consolidation, simplification, and modernization to align with the dynamic global business landscape. Electronic invoicing for efficient VAT collection Implementation of e-invoicing to enhance VAT collection efficiency. The first phase of a three-year pilot project is targeted for completion in December 2024. Incorporating digital sales into taxation...