In the proposed 5-corner model, suppliers issue invoices to accredited service providers, who report the invoice to the OTA system and forward it to the buyer’s service provider, enabling real-time reporting of tax data.
Roll-out plan
The roll-out plan will be phased according to the following timeline:
- August 2026: 100 large VAT-registered companies
- February 2027: All large VAT-registered companies
- August 2027: All remaining VAT-registered taxpayers
- TBA: Government institutions an…