- Box F6 is for reporting VAT-free purchases under a duty-free purchasing quota.
- It is useful for companies involved in exports or intra-community deliveries.
- The mechanism helps avoid accumulating VAT credits and improves cash flow.
- Companies need authorization from tax authorities to use this quota.
- The quota is beneficial for sectors with significant international transactions.
- Only purchases invoiced excluding VAT under the quota should be declared in Box F6.
- Do not confuse this with the VAT-based franchise for small businesses.
Source: cyplom.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.
