- The BMF highlights changes in VAT law in 2024 due to various laws.
- The retention period for invoices is reduced from ten to eight years.
- Invoices issued before January 1, 2017, are no longer required to be kept.
- If invoices are relevant for taxes with an unexpired assessment period, the retention period does not end.
- VAT records are not affected by the shortened retention periods.
- From December 6, 2024, an unauthorized tax statement arises if a non-entrepreneurial person does not promptly object to a tax statement in a credit note.
- The BMF’s letter changes several VAT application decree provisions effective January 1, 2025.
Source: ebnerstolz.de
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.
