VAT news tagged as "Accruals"

Greece

Greece introduces cash accounting for VAT

November 21st, 2014

Greece is to follow countries like Spain with a cash-based VAT option as opposed to the commonly accepted accruals-based reporting regime. The new regime came into effect on 1 October 2014, and requires eligible companies to apply ahead of the forthcoming financial year. The new Greek VAT system will only be available to smaller companies …


Croatia

Croatia VAT compliance update

November 20th, 2014

A range of Croatian VAT compliance changes have been introduced recently to update the VAT Law. These include: VAT on immovable property The supply of building is to become VAT exempt in accordance with the EU VAT Directive rules on immovable property. 2015 Mini One Stop Shop changes The changes to the EU VAT Directive …