A casual meet up at a friends office brought up the Discussion of LBT and from whatever I heard it sounds pretty scary. Even if my company is not selling any goods , I have to register my business for LBT since we have the Shop and Establishment certificate.
And we need to maintain LBT ‘paid’ for everything the company buys.
Is this true ? And we need to file monthly returns ? This Law is going to apply from October ?
Can someone please demystify what is this LBT crap all about in simple words ?