In 2019, the legislator introduced extensive amendments to the VAT Act, resulting in significant changes in tax settlements, effective as of 01/01/2020, which include not only entrepreneurs, but also the entire budgetary sphere.
Violation of the provisions on the mandatory mechanism of split payment, as well as payment to the bank account of the contractor, which is not included in the white list, causes absolute impossibility to settle tax costs from 01/01/2020. The introduced provisions cause numerous interpretative doubts of taxpayers. The Ministry of Finance issues further general explanations regarding recent amendments to help taxpayers in interpreting the amended provisions.