- The VAT cash accounting regime allows VAT payers with a turnover not exceeding 2 million euros to defer the VAT payable for “intermediate” transactions until the payment of the consideration.
- This regime was introduced to support small and medium-sized enterprises that may struggle to pay the tax in advance of receiving payment from their customers.
- The exercise of this option is governed by a specific provision of the Revenue Agency.
Source: eutekne.info
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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