New Predetermined VAT System Introduced: Taxpayers Can Accept or Modify Proposals

• A new stage begins for VAT payment with a predetermined settlement system.
• The IVA Simple system will be optional starting May and mandatory from November 2025.
• The proforma tax return is now possible due to technology advancements.
• The tax administration has all necessary data for tax determination and settlement.
• Taxpayers can approve or modify the proposed tax return.
• ARCA presented the integrated registration and tax return system to professional councils.
• FACPCE highlighted key aspects of the new system.
• A single tax return form F. 2051 replaces previous forms.
• The system includes modules for registration, determination, and balance to be paid.
• Adjustments can be made to fiscal debit and credit in the registration module.
• Technical and freely available credit balances come from the tax accounts system.
• Current issues with amended tax returns remain, requiring full data re-entry.
• FACPCE requested an extension for the optional phase starting in June.
• The new system aims to simplify VAT determination and settlement.

Source: ambito.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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