- Registration of the invoice is essential for VAT deduction.
- The right to deduct VAT must be exercised during the periodic settlement or at the latest with the declaration for the year the right arose.
- Invoices or customs bills must be recorded in the register as per the law.
- Failure to register within the terms does not allow for an integrative declaration.
- A company failed to record purchase invoices received in 2023 in the VAT registers for that tax period.
- The deductible tax was not included in the annual VAT declaration for 2023 due to a material error.
- The company believed it could recover VAT through an integrative declaration.
- The tax authority disagreed, citing general principles and previous practices.
- The right to deduct VAT arises when the tax becomes due and must be exercised by the declaration for the year the right arose.
- The taxpayer must record invoices and customs bills before the periodic settlement and by the annual declaration deadline.
- The right must be exercised by the date of the declaration for the year both conditions are met.
- The tax authority emphasizes the principles of effectiveness and neutrality.
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.
