VAT increase to 17%

We would like to remind you about the VAT increase from 15% to 17% which is applicable as from today 1st of March 2012.

In parallel to this, the Parliament has passed a rule which amends the VAT law. Any person subject to VAT is obligated to issue a delivery receipt in cases of delivery of goods and rendering of services that are subject to VAT. Also, it should be noted that all entities which are subject to VAT, should keep copies of their receipts for 7 years. These rules/law applies from 1st of January 2012.


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