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On January 1, 2018 amendments to the Law on Value Added Tax entered into force

Dear Clients!

We inform you that from January 1, 2018, amendments to the Law on Value Added Tax came into force, establishing a special regime for the application of VAT (Articles 142, 143.4 and 143.5 of the Law on VAT).

Please note that from January 1, 2018 for transactions in accordance with the new amendments to the VAT Law, i.e. to apply the 0% VAT rate:

  • the buyer must be registered as a VAT payer;
  • payment must be made using non-cash payments:
  • with bank transfer (both prepayment and postpaid)
  • with a bank payment card indicated on:
  • the name of the VAT payer and
  • card user name, surname (must contain a personal document proving the identity of the card holder)