2011 export documentation rules can be followed first quarter 2012

The Finance ministry has decreed that no objection will be taken to businesses continuing to follow the present export documentation rules up to Mar 31, 2012

The rules for documenting and recording VAT-free export turnover have been modified for 2012 in order to take account of the EU-wide export documentation system. A number of changes have also been made to the documentation and recording requirements for VAT-free supplies to businesses in other member states. These changes were not enacted until December 2, 2011. The finance ministry has now issued a decree to the effect that no objection is to be taken to businesses continuing to follow the old rules for the fnirst quarter of 2012.