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Simplified VAT Regime Decree for 2024: Regulations and Deadlines for Opting Out

  • Approval of the regulation for the year 2024 of the simplified special regime of Value Added Tax
  • Maintains the modules and instructions for their application from the previous year
  • Deadline for renouncing or revoking the renunciation is April 25, 2024
  • Renunciations and revocations submitted in December 2023 will be considered valid
  • Renunciations must be made through the corresponding census declaration
  • Renunciation will also be considered when the first quarterly return is submitted under the general regime or after starting a new activity

Source: audiconsultores-etlglobal.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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