Guarantee for settling VAT by supplier
27.02.2013
The new mechanism of guarantee for settling VAT comes into effect on 1 April 2013. It is applied when a company credits a payment for a supplier's invoice to a bank account that is not included in the Registry of VAT Payers (published on the Ministry of Finance's websites). We recommend that you pay attention to (i) reporting your own bank account numbers to your relevant Tax Authority and (ii) especially to checking whether the account numbers of your suppliers are stated in the Registry.
Should you have any additional questions, please do not hesitate to contact us.
