- VAT Compliance Changes: The deadline for quarterly VAT returns is extended to the 25th day after the reporting period, while monthly returns remain due by the 20th. Leniency for late filings is removed, and substitute declarations may be proposed if returns are not submitted.
- Payment and Refund Process: A VAT provision account will replace the current account, centralizing VAT debts. Taxpayers must initiate VAT payments from this account or a payment account, with direct debit options available.
- Refund Requests: Taxpayers can request VAT refunds through the MyMinfin portal monthly, without needing a refund license. An accelerated refund process is available for timely filers, but delays occur if substitute returns are requested.
- Procedural Rule Harmonization: A one-month deadline is set for responding to information requests, extendable only with “good reasons.” In urgent cases, the response time can be shortened to 10 days, affecting refund requests.
- Impact on Businesses: The reforms require adjustments to bookkeeping processes. Businesses should prepare promptly for these changes, set to take effect on January 1, 2025.
Source Deloitte
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