Split Payment VAT Advance for Subjects with Ad Hoc Rules

• The deadline for the payment of the 2023 VAT installment is December 27th.
• There are three alternative methods for calculating the installment: “historical”, “forecast”, and “actual”.
• The installment does not need to be paid if the amount due is less than 103.29 euros or if it is not required based on the chosen calculation method.
• Businesses that have ceased activity in 2023 and have not conducted any transactions in the last month or quarter of the year are not required to pay the VAT installment for that period.
• Public administrations, entities, and companies subject to split payment must determine the installment based on the VAT charged in invoices by suppliers.
• The VAT charged by suppliers is paid directly to the tax authorities by the buyer or within their periodic settlements.
• The VAT paid through split payment is considered when calculating the installment for public administrations, foundations, entities, and companies that purchase goods and services for commercial activities.

Source: eutekne.info

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.

---

---