According to the amendment, several goods and services (e.g. tax advisory, telecommunication, legal and consulting services, etc.) were transferred from 6% to 23% VAT rate.

The amendment also changes the provisions concerning VAT payments in case of de-registration of a VAT payer and in the case of applying VAT on import of goods if the validity of the customs declaration was abolished.

Furthermore, the definition of a personal vehicle for the purposes of VAT is clarified.

The amendment became effective from 1 January 1998.

The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.

For further information contact Mr Frank Walsh on +421 7 5340 545 Email directly on Click Contact Link