- TEAC resolution dated 18/03/2024 on the topic of VAT
- Excess input tax deduction can be compensated in future periods or refunded
- Choice between compensation and refund is exclusive and cannot be changed outside of the regulatory deadline
Source: serviciostelematicosext.hacienda.gob.es
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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