- The EU Court (SDEU) ruled that requiring VAT deduction only in the period when the invoice is received conflicts with the VAT Directive.
- The key criterion is whether the taxpayer has the invoice when submitting the tax return, not when the invoice was received.
- This decision strengthens taxpayers’ rights and limits excessive formal requirements for VAT deduction.
- The Czech VAT law has similar rules, but changes should wait as a review process has been initiated and a final decision is pending.
Source: accace.cz
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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