New rules for VAT deduction for mixed and partial VAT taxpayers: new extension of reporting obligations

• New reporting obligations for mixed and partial VAT taxpayers have been introduced
• Detailed information on VAT deduction rights must be provided annually to the tax administration
• The tax administration has granted a one-time extension for these reporting obligations
• Deadlines have been extended to the second quarter of 2024 or June 2024, with further extensions until August 9, 2024
• Taxpayers applying the actual use rule can base cost allocation on estimates, with final percentages communicated in the third quarter of 2024 or November 2024

Source: tiberghien.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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