Amendment to the value added tax act as of 1.1.2021 and 1.7.2021
VAT amendment act as of 1.1.2021 and 1.7.2021
The Amendment to the VAT Act focuses on areas that required harmonization in line with EU law and introduces two fundamental changes in the area of correcting the tax base in the event of unpaid supplies and distance sale of goods.
After the approval, the Amendment shall enter into force as of 1 January 2021, with the exception of the provisions concerning special tax schemes relating to e-commerce in goods and services and import of small consignments from third countries, which shall enter into force on 01.07.2021.
This amendment is not approved yet, so we recommend you monitoring the legislative process and any changes that may occur in the approval process.