BMF Highlights 2024 VAT Law Changes: Invoice Retention and Unauthorized Tax Disclosure Adjustments

• The BMF highlights changes in VAT law in 2024 due to various laws.
• The retention period for invoices is reduced from ten to eight years.
• Invoices issued before January 1, 2017, are no longer required to be kept.
• If invoices are relevant for taxes with an unexpired assessment period, the retention period does not end.
• VAT records are not affected by the shortened retention periods.
• From December 6, 2024, an unauthorized tax statement arises if a non-entrepreneurial person does not promptly object to a tax statement in a credit note.
• The BMF’s letter changes several VAT application decree provisions effective January 1, 2025.

Source: ebnerstolz.de

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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