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Amendments on the VAT Act will enter into force 1 July 2022

  • Input VAT deductions will be limited to taxpayers who fails to pay for goods and services 
  • The VAT accounting principles are harmonized. 
  • A zero-rated VAT on specific export and import services is introduced. 
  • The Law established a procedure to determine taxable values of imported goods. 
  • Excise tax rules is set for alcohol, tobacco, and fuel up to the value of EUR 45 per non-commercial consignment. 
  • Taxation of collector coins should be in line with the EU VAT directive.  

Source: GVC

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