Correcting Past VAT Errors Under Article 88b of ZDDV-1

• Under Article 88b of ZDDV-1, errors from past tax periods may be corrected in the current VAT return only until an assessment decision is served, or before a tax inspection, offense, or criminal proceeding begins.
• If the correction means tax was reported too low or a VAT surplus too high, the taxpayer must calculate 3% annual interest.
• For corrections increasing VAT liability, interest runs from the day after the last working day of the month following the period when the VAT should originally have been reported, until the payment deadline for the return containing the correction.
• For corrections reducing a VAT surplus, interest is calculated up to the date the corrected return is submitted.

Source: racunovodja.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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