From 1 January 2023, mixed taxable persons who want to use the actual use method for VAT deduction on incoming costs must comply with a new notification obligation. This applies to those who are using it for the first time in 2023 and those who already use it by 31 December 2022. The latter must take action by 30 June 2023 to continue using the method. Failure to notify may result in falling back on the general ratio and possible fines. More detailed information must be provided by 30 June 2024. It is important to note that many mixed taxable persons already use this method without formal notification and failure to comply may have negative financial consequences. The Tiberghien VAT team can provide assistance.
Source Tiberghien
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