New Flexibility in Input VAT Reporting: Businesses Can Choose Posting Date Over Invoice Date

• New option for reporting input VAT effective from 1 July 2025
• Businesses can report input VAT based on the date of posting instead of invoice issuance or delivery
• Posting must occur within six months from delivery
• Consistent application required across all purchases and tax periods
• Selective or partial application is not allowed
• Provides flexibility for late invoices or delayed posting
• Requires disciplined bookkeeping within the six-month window
• Businesses need to assess and adjust internal processes for adoption

Source: fintua.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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