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VAT settlement for farmers with possible adjustments: recovering credits in the first settlement

  • The monthly VAT settlement for January imposes considerations on agricultural producers regarding applicable rates and compensation percentages, as well as possible adjustments.
  • The only new development regarding rates is the extension of benefits for pellet sales, with a 10% rate for January and February 2024.
  • There are no changes in compensation percentages for cattle, pigs, and wood sales, which remain at 7% and 7.3% respectively.
  • The percentages for firewood, wood waste, and squared wood are unclear, as the applicable rates have not been specified.
  • In 2022, the rate for these goods was 6.4%, but the specific rate for 2024 is yet to be determined.

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.

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