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VAT Statute of Limitations: Deducting Input Tax Expires at the End of 2023

  • The VAT statute of limitations will end on December 31st, 2023.
  • Tax liabilities are time-barred after 5 years according to the law.
  • As of December 31st, 2023, the right to deduct input VAT accrued in earlier years will be time-barred.
  • The following will become statute-barred on December 31st, 2023:
  • The right to deduct input VAT from 2019 and 2018 in the case of intra-Community acquisition of goods and the reverse charge mechanism.
  • Liabilities due to the excess of output VAT over the input VAT, with payment obligations from 2018.
  • Taxpayers can reduce the amount of tax due by correcting the tax return within 5 years from the year when the right to reduce the amount of tax arose.
  • The input tax from 2019 and for intra-Community acquisition of goods and the reverse charge mechanism in 2018 can be settled by correcting the relevant declaration and submitting it to the Tax Office by the end of 2023.
  • The statute of limitations for tax liabilities arising from the tax due in 2018 expires by the end of 2023.
  • The tax statute of limitations expiring on December 31st, 2023 is postponed to January 2nd, 2024, the first business day.
  • It is recommended to verify if all invoices for the aforementioned periods have been included in the client’s settlements.
  • Applications for overpayment must be submitted by the end of the year, as submitting them in the following year will result in rejection.

Source: krgroup.eu

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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