- Electronic notification obligation extended to taxpayers applying the general pro rata method
- Mixed taxable persons can determine their VAT deduction right via two methods: general pro rata method or actual use method
- Changes were made in 2023 to the procedure for application of VAT deduction on the basis of the actual use method
- From 1 January 2024, similar formalities will be introduced for mixed taxable persons applying the general pro rata method
- Taxpayers will have to submit a prior notification through the online application “e-604” to opt for the VAT deduction according to the general pro rata method
- VAT authorities need to be informed on the provisional/final general pro rata percentage on a yearly basis
- Partial VAT taxpayers will also have to inform the VAT authorities on the special pro rata they use.
Source: kpmg.com
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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