- From 1 July 2025 onwards, taxpayers must maintain two records within their accounting system: VAT calculation records and VAT deduction records
- The structured content and format of these records are prescribed for all taxpayers
- The VAT calculation record includes details such as the taxpayer’s name, address, VAT identification number, and information about each document
- The VAT deduction record includes details such as the taxpayer’s name, address, VAT identification number, and information about each document
- Taxpayers must also provide additional information when submitting these records, such as the country code and VAT identification number of the taxpayer represented by a tax representative, reporting period, record identifier, and whether they are claiming a VAT refund or calculating deductions.
Source: racunovodja.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.
