Clearing of the advances provided in 2009 in regards to VAT
A question arised, in regards to the increase of VAT rates to 10/20% in 2010, how to clear advances provided in 2009, on which was applied the 9/19% rate. The Ministry of finance issued Information to the Act on VAT amendment 18/18/99264/2009. It is clear from this Information that advances accepted until 31.12.2009 will be cleared with 9/19% rate and advances accepted in 2010 with the 10/20% rate.