Croatia is set to join the EU on 1 July 2013 and this section of the article aims to highlight key impacts for businesses:
|Transitional Period – Imports and Exports or Intra Community transactions?
|P&L Impacts – Changes to VAT and Duty liability for certain transactions
|Cashflow Impacts – largely positive
|Compliance and Systems – Changes
First published in Tax Journal on Friday 23rd November 2012 as part of their “Special Report, VAT and the EU”. If you would any further advice or assistance on this or any other VAT issue, please contact Julie Park on 01962 735350.