VATupdate

Share this post on

Entering Negative Amounts in TAX88 Field for VAT Records and Deductions Compliance

  • Negative amounts can be entered in the TAX88 field in VAT records
  • This is due to different technical implementations of corrections according to Article 88.b of ZDDV-1
  • The tax authority allows negative amounts if the TREATMENT field indicates method 2 or 3
  • Software solutions must ensure interest on corrections is calculated according to Article 88.b of ZDDV-1

Source: fu.gov.si

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.



Sponsors:

Pincvision
VATIT Compliance

Advertisements: