Post by joita97022 on Jan 9, 2024 1:47:55 GMT -5
The introduced change does not cover the rules for deducting VAT charged on purchases by entrepreneurs who settle VAT quarterly. In their case the rule of consecutive settlement periods still applies. This means that they can deduct "on an ongoing basis" in the settlement for the quarter in which they are entitled to this deduction and in the two subsequent quarters after this quarter.
In a total of quarters. Example Mr. Andrzej settles VAT quarterly he purchased a printer in February Phone Number List with the right to deduct VAT in that month. The first settlement period will be the first quarter and the next two settlement periods are the second and third quarters in which Mr. Andrzej can deduct VAT on the purchase "on an ongoing basis". The most important questions How many months are there to deduct VAT.
From January entrepreneurs can deduct VAT "on an ongoing basis" in the month in which this right is granted and in three subsequent settlement periods. VAT on purchases can be deducted in total over a period of months. Share with others Up Previous article Change in the lump sum rate from to - what does it involve in ? Next article Reinvoice for goods for a company from outside the EU.
In a total of quarters. Example Mr. Andrzej settles VAT quarterly he purchased a printer in February Phone Number List with the right to deduct VAT in that month. The first settlement period will be the first quarter and the next two settlement periods are the second and third quarters in which Mr. Andrzej can deduct VAT on the purchase "on an ongoing basis". The most important questions How many months are there to deduct VAT.
From January entrepreneurs can deduct VAT "on an ongoing basis" in the month in which this right is granted and in three subsequent settlement periods. VAT on purchases can be deducted in total over a period of months. Share with others Up Previous article Change in the lump sum rate from to - what does it involve in ? Next article Reinvoice for goods for a company from outside the EU.