Tax Alert – 2013 Changes to VAT Act (EN)
CHANGES TO THE VAT ACT
(IN FORCE AS OF 1 JANUARY 2013)
The Act for the amendment of the Value Added Tax Act (VAT Act) was promulgated in State Gazette No. 94/30.11.2012. The Act shall enter into force on 01.01.2013.
Some of the most important changes in the VAT Act are summarized below.
1. Transposing the Provisions of Directive 2010/45/ЕU concerning the Rules on Invoicing
- applicable rules to invoicing
Part of the amendments to the VAT Act were introduced with a view to transposing in the national law of the provisions of Directive 2010/45/EU which contains certain new rules on invoicing.
The new provisions concerning invoicing explicitly specify the rules of which Member State shall apply to invoicing. The general rule is that invoicing shall be subject to the rules applying in the Member State where the supply of goods or services is deemed to be made. The general rule shall not apply where the VAT is payable by the customer (reverse-charge) – in this case the invoicing would be subject to the rules of the Member State where the supplier is established.