November 6 2018

Amendment to VAT Act – consultation held

Source: IBFD Tax Research Platform News

On 5 November 2018, the Ministry of Finance published for public consultation a proposal for amendments to the VAT Act.

It is proposed that the activity of an individual under any legal relationship which creates relationships similar to those of an employment relationship will not be regarded as an economic activity. This is the case if the conditions of a contract are similar to that of employment. In such case, the remuneration is paid by the employer who bears the liability for the activities carried out.

In addition, it is proposed that the public register of the National Revenue Agency for VAT registration should also include information regarding VAT registration and deregistration of the taxable persons.

The public consultation will be open until 5 December 2018. Further developments will be reported when they occur.