As of 1 April 2019, an amendment to the VAT Act, which inter alia regulated the method of calculating VAT, applies. A six-month transition period was introduced, which allows VAT to be calculated in the 'old' way, i.e. until 30 September 2019. Thus, we still have some time to prepare so far, but the preparation cannot be underestimated, especially given the fact that the set-up of accounting software is involved.
And how exactly does the VAT calculation change?
The legislative change concerns the calculation of the VAT “from above”, which you use when calculating the tax if you know and set the total price, including VAT. Until now, you have calculated the tax amount using a fixed coefficient. However, the amendment requires you to calculate value added tax mathematically, as shown in the examples below.