- VAT Deduction Revision Effective January 2026: Starting January 1, 2026, a new regulation will revise the VAT deduction process for large renovation and maintenance services costing €30,000 or more, requiring an annual review for four years post-commissioning.
- Annual Review Requirement: During the review period, businesses must assess each year whether the ratio of taxed to exempt use of the investment service remains consistent; if the difference exceeds 10%, a portion of the deducted VAT must be adjusted.
- Applicability to New Services: The revised VAT deduction rules will apply to all investment services that are commissioned for the first time from January 1, 2026, aligning the first commissioning with the service completion date.
Source Taxlive
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