- The EU is updating NACE business activity codes to Rev. 2.1 from January 1, 2025, but not all Member States will adopt them at the same time.
- This transition may cause mismatches in VAT refund applications, leading to possible rejections or delays.
- The German tax office (BZSt) advises businesses to ensure their NACE code matches both the old and new versions when applying for VAT refunds.
- If an application is rejected due to NACE code issues, BZSt will contact the applicant for resolution.
- During 2025–2026, using NACE codes compatible with both versions is crucial to avoid administrative problems.
Source: fintua.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.
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