Update on VAT Rectification: BOFiP Clarifies Supplier’s Adjustment Deadlines for Incorrectly Invoiced VAT

• Update of the BOFiP clarifies deadlines for VAT regularization for suppliers
• Aimed at providing legal certainty for companies in case of VAT billing errors
• New rule on regularization deadline for suppliers introduced
• Supplier can rectify erroneous invoices until December 31 of the 2nd year following the event
• Alignment of deadlines between supplier and client for better predictability
• Limit for spontaneous regularization set at 2 years
• Example provided to illustrate the impact of the update
• Update enhances security for companies in VAT error rectification
• Emphasis on being vigilant with spontaneous regularization and adhering to prescribed deadlines

Source: ayming.fr

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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