A recently published Circular letter clarified the application of the new deadlines for VAT
deduction and registration of invoices, notably that the deadline for VAT deduction only
starts when, cumulatively, the tax point occurred and the taxpayer received a valid
invoice. Therefore, the right to deduct VAT must be exercised no later than in the annual
VAT return of the year in which both conditions were fulfilled.
Source: http://www.vatsystems.eu/
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