THIRD AMENDMENT TO VAT ACT ADOPTED28/02/15 / cata_tax-news

The last of three amendments to the VAT Act, which the Upper House sent back with objections to the Lower House in December, was revised, approved and published in the Collection of Laws under No. 360/2014 on 31 December 2014. Although further details about the amendments were included in previous issues of Tax News, we would like to note that the effective date of the temporary reverse-charge mechanism (“RCM”) was postponed to 1 April 2015 (to 1 September 2015 for sugar cane). Moreover, the effect of the changes regarding deliveries and leases of selected immovables was postponed to 1 January 2016.