- General liquidation of assets allows for VAT variation
- Issuance of credit note is equivalent to administrative liquidation procedure
- Supplier can issue VAT reduction note if payment is not received from foundation undergoing liquidation
- Changes to VAT variation rules due to DL 73/2021 apply to insolvency procedures initiated after May 26, 2021
- Previous rules apply to insolvency procedures initiated before May 26, 2021
- Issuance of credit note requires unsuccessful outcome of insolvency procedure
- Previous rules did not specify types of insolvency procedures for issuing credit notes
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.
