See also Key Changes to VAT Effective from January 1, 2025: A Comprehensive Overview
- The amendment to the Value Added Tax Act, effective from 1 January 2025, brings extensive changes reflecting experience from application practice, CJEU rulings, and transposition of two European directives.
- It includes a transposition part reacting to the European Directive on a special regime for small enterprises and the “rates directive”, as well as a non-transposition part responding to the experience of application practice and court rulings.
- The amendment promises to simplify and clarify the legislation, while some changes will have delayed effects. Selected areas of change include the moment of taxpayer registration and the introduction of a special regime for small enterprises.
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