Effective date and deadlines

• Provision introducing VAT calculation summary preparation, and its submission together with VAT return, shall start to apply in 2017.
• Unique VAT return submission deadline, for both monthly and quarterly VAT payers, shall start to apply as of January 2016.

Considering numerous changes to the law, as well as introduction of a VAT representative institute, it is not easy to foresee timelines necessary for full implementation of proposed amendments in practice. It is expected that, in the near future, amendments to the current by-laws define more closely and facilitate application of the new legislation.