The Croatian parliament has approved the planned changes to the country's Value Added Tax (VAT) Law on 25 November 2014. The key changes are as follows: The option is introduced for businesses with annual turnover not exceeding HRK 3 million to use cash-based accounting instead of accrual basis accounting whereby VAT is paid or charged when there is a settlement of an invoice The supply of buildings will be VAT exempt, including the land on which the buildings are built The EU change in the place of supply to the location of the consumer for B2C telecommunications, broadcasting and electronic...