The VAT Changes 2013:

1. Tax obligations in intra-Community supply of goods and intra-Community acquisition of goods changes

The change in this area is that if the tax payer receives (or pays) the advance payment, deposit, etc. in connection of intra-Community supply of goods and intra-Community acquisition of goods, he will not be obliged to settle the VAT obligation.

2. VAT refund accepted as security for a bank’s loan

The novelty in this area is that the VAT refund can be made as security for granted by the bank loan.