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Amendments to the Value Added Tax Act started with the 1st of January 2020

“Regime on-demand goods storage” will be introduced.

 The purpose is to simplify the rules for Intra-Community trade of goods between persons of different EU Member States. No more required a registration for VAT purposes of the person, who transfers the goods  into the Member State of the goods arrival. However, this leads to the introduction of new conditions to ensure that the VAT due is collected by the Member State of the goods arrival. One of them is the transfer of  ownership of the goods within 12 months from their arrival in the Member State concerned. Another is the requirement related with the shipment of goods from one Member State to another: at the  beginning of the  shipment process, the supplier should know who is the potential customer as well as should have his identification number.

The submitted e-mails for correspondence  will be used as e-mails for receiving of notifications. Inconsequence of that, the persons registered under the VAT Act are not obligated to re-declare again e- mail addresses for receiving of notifications.

Source: standartnews.com

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