Group 1 - The new Value-Added Tax (VAT) law will take effect on January 1, 2026, replacing the previous interim regulations [3] - The law defines "normal losses" and "abnormal losses" related to goods, including theft, loss, spoilage, and legal confiscation [3] - It specifies that "abnormal losses" include losses from purchased goods, work-in-progress, finished products, and real estate, as well as related services [3] Group 2 - The law clarifies that fixed assets are defined as machinery, tools, and equipment with a useful life exceeding 12 months [3] - It states that expenses related to social and entertainment consumption by taxpayers are classified as personal consumption under VAT law [3] - Interest expenses on loans and related fees paid to lenders are deductible for taxpayers under the new VAT regulations [3]