Reviewing VAT Transactions for Recovery: Key Areas to Consider Before Year-End Deadline

• Time limitations period for VAT settlements from December 2018 to November 2019 will expire on 31 December 2024
• Verify documents to reduce output tax or include input tax before expiry
• Areas to review include correcting invoices, applying 0% VAT rate to intra-EU supplies of goods, and 0% VAT rate in case of export of goods
• Deduction of VAT on unsettled cost invoices should also be reviewed
• Limited time frame for deducting VAT on transactions, with a shorter time limit of five years from the beginning of the year in which the right to deduct arose

Source: mddp.pl

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.

---

---