- Extension for VAT Reporting: Tax authorities have announced an extension for mixed and partially VAT-liable taxpayers to report their figures electronically via InterVAT, with deadlines pushed back to align with the final submission dates of periodic VAT returns for mid-2025.
- Challenges for Mixed VAT Taxpayers: While the reporting process is straightforward for those using a general pro rata method, mixed VAT payers using the actual use method face significant challenges due to outdated accounting software, which complicates accurate VAT deduction calculations.
- Confusion Over Compliance and Estimates: Despite the extension, taxpayers still need to use actual figures for reporting, leading to potential double work as they can initially submit estimates and later provide actual figures. There are concerns about the tax authorities’ clarity on how to handle the reported figures from 2024, prompting calls to reconsider the current reporting obligations.
The tolerance can be consulted here.
Source: VAT-consult
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