- VAT bad debt relief lets businesses reclaim output VAT already paid when a customer does not pay.
- EU-wide principles are harmonized, but the exact rules differ by country.
- National requirements may include waiting periods, credit notes, and notification procedures.
Source: meridianglobalservices.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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